Licensed Grill Restaurant in Surrey For Sale

End of terrace property, excellent trading position, residential and commercial area, Surrey.

Turnover £ 20,000
Price £495,000

Features

Licensed Mediterranean Grill Restaurant

6 DAYS OPENING ~ 5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 1,197 ft² Real wood flooring, assorted pendant and spotlights. CCTV (10 cameras.) Tables and chairs, in total, seating 80 people including semi permanent construction to the front with retractable ceiling and walls.


Bar - EPOS cash registers, under counter fridges, under counter freezer, ice maker, glass washer, wash hand basin, coffee machine (2 group), grinder, etc.

Ladies cloakroom with toilet and sink.

Gentleman's cloakroom with toilet and sink.

KITCHEN - Stainless steel extractor, grill, oven, 6 burner cooker, 4 bot bain marie, 2 microwaves, 3 fridges, 3 undercounter fridges, double sink and drainer, stainless steel preparation tables, plate warmer,

Walkin chiller.

Walkin freezer.

Office / staff room.

Staff cloakroom with toilet and sink.

2 Store rooms.

Turnover

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

Staff

The business is at present operated by the 2 partners with 3 full time and 2 part time staff employed.

We are informed the wage bill averages £3,500 p.w. approx.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - Midnight
CLOSED MONDAY

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 2019 with reviews every 5 years (next review 2029) at a current rent of £20,000 p.a.

Business Rates from April 2023 £1,850 approx. after small business relief (Please contact local authority to confirm)

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £495,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 247,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote