Indian Restaurant with Live Music Licence in Surrey For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, SURREY

Turnover £ 6,500
Price £200,000

Features

Licenced Indian Restaurant with Live Music Licence

6 DAYS OPENING
LIVE MUSIC LICENCE

Front area with decking. Tables & chairs providing seating for 30 persons.

DOUBLE FRONTED PREMISES in the region of 1,850 ft² with tiled floor, spot and pendant lighting, Air conditioning with hot air. Bar area, EPOS till, 2 glass fronted drinks display fridges. Tables and chairs providing seating for 50 People (can be expanded).

Kitchen with stainless steel extractor unit, Tandoori oven, range burner, 2 x refrigerated making table, Coca-Cola fridge, coffee machine, sheving, 2 x microwave.

Preparation kitchen, double sink and drainer, 4 door fridge, fridge freezer, additional 4 door fridge, etc.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Cellar / Basement in the region of 270 ft².
Walkin coldroom.
Office.
2 Stock rooms

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 - £7,000 p.w. with a Gross profit of 65% approx. (20% deliveries)

Staff

The business is at present operated by the vendor with 2 full time and 2 part time staff.

Trading Hours

6 Day week (licenced till 1am)
TUESDAY - SUNDAY 12 noon - 10.30pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £30,000 p.a. + VAT

Business Rates from April 2025 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote