Licensed Italian Restaurant in Leatherhead For Sale

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

Turnover £ 14,500
Price £150,000

Features

Licensed Italian Restaurant On & off Licence

COVERED FORECOURT WITH SEATING FOR 30 PERSONS

MUSIC LICENCE

DOUBLE FRONTED PREMISES in the region of 2,600 ft². Tiled floor, suspended ceiling with spotlights. Air conditioning with hot air. Tables and chairs providing seating for 70 persons. Ice cream freezer (12 flavours).

BAR with 3 taps. Seating for 10 persons. EPOS till.

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

Disabled Toilet with w.c. and wash hand basin

KITCHEN. Stainless steel extractor unit, 2-6 burner gas cookers, 2 deck pizza oven, refrigerated making table, spit roast chicken machine, grill, 2-pan deep fryer, pasta boiler, commercial microwave oven, double sink and drainer, 3 freezers

Walk-in coldroom

Preparation room, preparation table

Basement in the region of 770 ft², used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £14,500 p.w. with a gross profit of 65% approx. (Slight deliveries £500 p.w)

Staff

The business is at present operated by the vendor with 8 full time & 2 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 10 p.m
The premises has a 1 a.m. licence

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2019 with reviews every 4 years (next review 2027) at a current rent of £48,000 p.a. plus VAT

Business Rates from April 2022 £25,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE,DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote