Licensed Italian Restaurant in Surrey For Sale

Occupying a corner position, excellent trading position, residential, office and commercial area, Surrey.

Turnover £ 3,500
Price £69,500

Features

Licenced Italian Restaurant & Pizzeria

4 STAR HYGIENE RATING
PAVEMENT lICENCE FOR 25 PEOPLE
6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 850 ft² with laminated strip floor, suspended ceiling with spot and hanging lighting, sales counter, cash register, Tables and chairs providing seating for 22 People.

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), 2 x preparation table, pizza oven for 6 pizzas, refrigerated making table, Dough mixer, fridge, freezer, dishwasher (commercial), double sink and drainer, etc.

Cold Preparation area, sink, freezer, wall shelving

Toilet with w.c. and wash hand basin..

Stock room / Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 - £4,000 p.w. with a Gross profit of 65% approx. (10% VIA PORTALS)

Staff

The business is at present operated by the vendor with 1 full time chef & 2 part time staff.

Trading Hours

6 Day week
TUESDAY - SATURDAY 12 noon - 9pm
SUNDAYS 5 -9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £18,480 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £69,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 34,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote