Licenced Steakhouse in Surrey For Sale

Situated in a parade, excellent main road trading position, Close to Train Station, it’s a lively, well-connected area with schools, shops, and a suburban London charm, SURREY

Turnover £ 20,000
Price £395,000

Features

Licensed Argentine Steakhouse

6 DAYS OPENING
5 STAR HYGIENE RATING
Tables and chairs providing seating for 84 People, (can be expanded to 120)

DOUBLE FRONTED PREMISES with wood strip floor, Air conditioning with hot air. Bar, EPOS till, coffee grinder, 2 x glass fronted drinks display fridge (upright triple-door), CCTV system (9 cameras, 1 monitor).

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

Kitchen with stainless steel extractor unit, deep fryer (2 pan), Cooker (Gas 6-burner), Rational Combi Oven, saladbar (cool), Polar fridge, meet fridge, bain marie (4-pot)..

Stock room with 3 fridges, freezer.

Basement, used for storage purposes with 2 freezer, 1 fridge.

Staff room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 p.w. with a Gross profit of 65% approx. (10% online orders)

Staff

The business is at present operated by the 3 partners with 3 full time & 6 part time staff.

Trading Hours

6 Day week
TUESDAY - THURSDAY 5pm - 9.30pm
FRIDAY & SATURDAY 5pm - 11pm
SUNDAY 12 noon - 9pm

Outside

Small Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2011 with reviews every 3 years (next review 2026) at a current rent of £54,000 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Business Rates from April 2025 £7,750 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £395,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 197,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote