Licensed Italian Restaurant in Surrey For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, SOUTH LONDON / SURREY BORDERS.

Turnover £ 2,200
Price £85,000

Features

Licensed Italian Restaurant


5 DAYS OPENING

PARKING BAYS TO FRONT

SEATING TO FRONT AND SIDE FOR 8 CUSTOMERS

4 STAR HYGIENE RATING

DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 680 ft² - Cctv (6 cameras), ceramic tiles, plasterboard ceining with spot light and pendant lighting.

Tables and chairs seating 24 people.

Bar - Touch screen caSh register, coffee machine (1 group), grinder, knock out drawer, under counter fridges, ice machine, glass washer, wash hand basin.

Unisex cloakroom (with diasabled access) with toilet and wash hand basin.

OPEN KITCHEN - Stainless teel extractor, pizza oven (electric single deck), single basket deep fat fryer, commercial oven, contact grill, salamander grill, 5 ring hob, 2 microwaves, under counter fridge (3 door), under counter freezer (3 doors), stainless steel table, double sink and drainer, pizza topping station (stainless steel top), 2 soup kettles, ice cream machine, etc

Staff toilet and wash hand basin.

Office.

Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,200 p.w. with a Gross profit of 65% approx. Historically, with longer opening hours the business has achieved sales of £6,000 p.w.

Staff

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

Trading Hours

5 Day week
MONDAY - FRIDAY 5 pm - 9pm
CLOSED SUNDAY & MONDAY

Local demand for increased opening hours.

Outside

Covered store to rear.

Tenure

We are advised the Landlord will grant, to an approved applicant a new 10 years lease with rent reviews every 5 years at an initial rent of £11,400 p.a.


Business Rates from April 2025 £1,550 approx. (after small business relief) (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote