Quality Burger Restaurant in Surrey For Sale

Occupying a prominent location, excellent main junction trading position, close to the station and multi story car parks, office and commercial area, wealthy Surrey Town.

Turnover £ 14,500
Price £175,000

Features

Licensed & Award Winning Quality Burger Restaurant

Sales area in the region of 1,750 ft²

Modern double door entrance to contemorary restaurant premises, hardwood flooring, suspended ceiling with spot lights and down lights.

Customer waiting area.

Quality tables and chairs seating 86 people.

Bar - 2 EPOS cash registers. Under counter fridges, espresso machine, glass washer, wash hand basin, milkshake machine, Gelato display freezer.

Ladies cloakroom with toilet and wash hand basin.

Gentlemans cloakroom with toilet and wash hand basin.

Disabled cloakroom with cloakroom with toilet, wash hand basin and baby change facility.

Professional catering kitchen - Stainless steel extractor, salamander (electric), double basket single well deep fat fryer, double basket deep fat fryer, 900 gas griddle and up stand, 600 blue seal gas griddle, tripple door preperation fridge, three door under counter fridge, 2 door preperation fridge, 2 door counter fridge, single door counter freezer, turbo fan oven, microwave, robo coupe, dhiswasher, 3 preparation sinks, hand wash basin, etc

Walkin fridge.

2 Dry stores with 4 standing freezers, 4 chest freezers and shelving.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £14,500 p.w. increasing. Historically the unit has achieved sales of £22,000 pw with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with the assistance of 2 full time and 11 part time staff employed.

We are informed the wage bill averages £3,300 p.w. approx.

Trading Hours

7 Day week
SUNDAY - THURSDAY 12 noon - 9 pm
FRIDAY & SATURDAY 12 noon - 10 pm

Outside

Refuse store.

2 Dedicated parking spaces to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2000 with reviews every 5 years (next review 2025) at a current rent of £48,000 p.a. plus VAT.

We are advised the Landlord is prepared to grant, to an approved applicant, a new 15 years lease, with rent reviews every 5 years, at a rent of £50,000 pa plus VAT.

The Landlord requires a 6 months rent deposit inclusive of VAT (£28,000)

EPC Rating C (63)

In addition we understand there is a Service charge of £9,400 p.a. approx.

Business Rates from April 2022 £10,540 approx. (Please contact local authority to confirm) - (2024 Rates are presently being assessed)

THE PRESENT OWNERS ESTABLISHED THE BUSINESS IN 2012 AND HAVE REOCCUPIED THE PREMISES RECENTLY.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote