Licensed Korean Restaurant in Surrey For Sale

Shopping centre locality, excellent trading position, residential, office and commercial area, Surrey.

Turnover £ 5,500
Price £200,000

Features

Licenced Korean Bbq Restaurant

5 STAR HYGIENE RATING
6 DAYS OPENING

DOUBLE FRONTED PREMISES, wood strip floor, suspended ceiling with spot lights. Bar, EPOS till. Tables and chairs providing seating for 58 People, CCTV system (6 cameras).

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), Cooker (Gas 7-burner), fridge, freezer, microwave, double sink and drainer

Walkin coldroom.

Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 65% approx. (20% via PORTALS)

Staff

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

Trading Hours

6 Day week
MONDAY & WEDNDSDAY - SATURDAY 11.30am - 10pm
SUNDAY 11.30am - 9pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £36,000 p.a. In addition we understand there is a Service charge of £9,500 p.a. approx. + VAT

Business Rates from April 2025 £12,257 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote