Restaurant & Bar in Epsom For Sale

Situated in a parade, excellent main road trading position, opposite Cinema and close to the town centre, SURREY. EPSOM

Turnover £ 8,000
Price £155,000

Features

Licensed Persian & Mediterranean Bar Grill

5 STAR HYGIENE RATING
SISHA BAR TO REAR with Bar & Saeating for 70 outside
BASEMENT BAR (100 people capacity) with 1am Licence

6 DAYS OPENING

DOUBLE FRONTED PREMISES WITH CANOPYS, tiled floor, suspended ceiling with strip & hanging lights. Bar with 2 taps (on lease), EPOS till. Tables and chairs providing seating for 70 People, CCTV system (18 cameras, 2 monitor).

Kitchen with 5 meter stainless steel extractor unit, 6-burner Gas Cooker, 2 x gas grill, 3 x microwave, 2x fridge, double door freezer, bain marie (6-pot), Deep fryer, painini machine, etc.

Walkin coldroom.

Basement Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. (30% DELIVERIES)

Staff

The business is at present operated by the vendor with 3 full time & 1 part time staff.

Trading Hours

6 Day week
TUESDAY - THURSDAY 12pm - 10pm
FRIDAY SATURDAY 12pm - Midnight
SUNDAY 12pm - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2014 with reviews every 4 years (next review 2026) at a current rent of £38,000 p.a.

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 2023 £3,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £155,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 77,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote