Mediterranean Restaurant in Surbiton For Sale

Situated in a parade, main road trading position, residential area not far from KINGSTON-UPON-THAMES, SURREY

Price £70,000

Features

Licenced Mediterranean Restaurant - Recently Closed Due To Staff Shortages

FORECOURT SEATING 22 PEOPLE
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 1,225 ft² with wood strip floor, hanging lights, Air conditioning with hot air. Bar, EPOS till. Tables and chairs providing seating for 60 People (can be expanded), CCTV system (8 cameras, 1 monitor).

Open plan kitchen area, stainless steel extractor unit, Cooker (Gas 6-burner), pizza oven (2-deck), Oven, charcoal grill, gas grill, deep fryer (2 pan), deep fryer, 3 counter fridge, double door fridge, 3 freezers, fridge, 3 preparation table.

Preparation room.

Ladies' & gentlemen's plus Disabled Toilet with w.c. and wash hand basin.

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

Store room.

Cellar.

Turnover

WE ARE INFORMED by the owner the turnover, when trading, averaged £9,000 p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Trading Hours

Were 7 Day week (Licenced 11:00 - 00:00 and Thursday - Saturday until 01:00)
MONDAY - THURSDAY 5pm - Midnight
FRIDAY - SUNDAY 11am - Midnight

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2015 with reviews every 5 years (next review 2030) at a current rent of £25,200 p.a.

Business Rates from April 2025 £9,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 35,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote