Italian Restaurant and Off Licence in Surrey For Sale

Situated in a parade, excellent trading position, residential and commercial area, Surrey.

Turnover £ 15,000
Price £250,000

Features

Reputed Licensed Italian Restaurant (with Full off Licence)

TOTAL PREMISES in the region of 3,000 ft²

5 STAR HYGIENE RATING

ALFRESCO DINING TO FRONT WITH SEATING FOR 15 PEOPLE.

DOUBLE FRONTED PRMISES, in the region of 1,400 ft² - BYFOLD DOORS, hardwood flooring, spot lights.

Tables and chairs providing (confortable) seating for 50

Bar - Touch screen cash register, coffee machine (2 group), grinder, knock out srawer, one beer pump, under counter firdges, ice cream freezer, wash hand basin, glass washer, etc.,

KITCHEN - Tiled floor, tube lighting.

Stainless steel extractor, 6 burner cooker, bain marie, oven, pizza oven (gas), 2 microwaves, under counter fridge, 3 under counter freezers, dough mixer, pizza topping station with granite top, double sink and drainer, dishwasher, etc.,


STAIRS TO FIRST FLOOR , in the region of 850 ft²

Tables and chairs providing seating for 55 customers.

Bar - Under counter fridge, glass washer, mirror backed shelving.

Ladies cloakroom with toilet and wash hand basin

Gentlemen's cloakroom with toilet and wash hand basin


STAIRS TO SECOND FLOOR

Office

FUNCTION ROOM with glass ceiling.


BASEMENT in the region of 750 ft², used for storage purposes

Walkin cold room.

Staff changing room.

Staff cloakroom with toilet and wash hand basin.

Wine cellar.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,000 p.w. with a Gross profit of 65% approx. (£1,750 online sales)

Staff

The business is at present operated by the 2 partners with 4 kitchen and 4 full time front of house staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY12 noon - 10 pm
FRIDAY & SATURDAY 12 noon - 11 pm

Licensed to open early until midnight (11pm on Sunday)

Accommodation

Located on the second floor.

Shower room - With shower cubicle, sink and toilet.

2 double bedrooms.

Outside

Service road to rear

Tenure

The landlord subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 15 years full repairing and insuring lease with rent reviews every 5 years at a rent of £60,000 p.a. for the first 5 years.

Business Rates from April 2024 £8,000 approx. After small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2010, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote