Licensed Italian Restaurant in Surrey For Sale

Excellent trading position, residential area, close to town centre, SURREY

Turnover £ 10,000
Price £150,000

Features

Licensed Italian Restaurant

Outside seating for 26 cutomers - total seating 90 customers.

SINGLE FRONTED PREMISES, in the region of 750 ft², Laminate flooring, plasterboard ceiling with spot lights.

Customer waiting area.

Tables and chairs seating 32 people.

Bar - electric cash register, under counter fridges, wash hand basin, glass washer.

Kitchen - Stainless steel extractor, gas cooker (10 burner), pizza oven (electric, doube deck), microwave, 3 freezers, 2 fridge, stainless steel preparation table, pizza making station, double sink and drainer, dishwasher, pizza roller, etc.

Walkin fridge

Stairs to first floor in the region of 325 ft²;

Tables and chairs seating 32 customers.

Ladies cloakroom with toilet and wash hand basin.
Gentlemen's cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 65% approx. (5% via Portals)

Staff

The business is at present operated by the vendor with 3 full time staff and 6 part time staff (on flexible contracts).

Trading Hours

7 Day week
MONDAY - THURSDAY 12 noon - 10.00 p.m.
FRIDAY & SATURDAY 12 noon - 10.30 p.m.
SUNDAY 12 noon - 10.00 p.m.

Outside

Bin store.

Shed.

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 2014 with reviews every 5 years (next review 2029) at a current rent of £27,500 p.a. + VAT

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 2026 £6,700 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2011, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, 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