Licensed Restaurant in Surrey For Sale

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

Turnover £ 3,000
Price £58,000

Features

Licensed Mexican Restaurant

5 STAR HYGIENE RATING
5 DAYS OPENING - easy hours

DOUBLE FRONTED PREMISES 730 with suspended lighting, wood strip floor. Sales counter, etc. Tables and chairs providing seating for 18 Persons.

OPEN PLAN KITCHEN, domestic stainless steel extractor unit, commercial convection oven, griddle, 2 deep fryers, commercial microwave, stainless steel work benches, hot holding gantry, cold holding gantry, deep freezer, 3 fridges, double sink and drainer, etc.

Toilet with w.c. and wash hand basin.

Basement used for storage

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a Gross profit of 65% approx. (35% VIA PORTALS)

Staff

The business is at present operated by the Husband & Wife team with the assistance of 1 part time staff.

Trading Hours

5 Day week
TUESDAY - THURSDAY 11am - 2pm then 5pm - 8.30pm
Fri 11am - 2pm then 5pm - 9pm
SATURDAY 12pm - 9pm

Outside

Courtyard for bins

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 2021 with reviews every 5 years (next review 2026) at a current rent of £13,500 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £58,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote