Restaurant and Bar in Surrey For Sale

Situated in a parade, excellent main road trading position, SURREY

Turnover £ 10,000
Price £149,500

Features

Spacious well Fitted Licensed French & Continental Restaurant (full On Licence)

6 DAYS OPENING
FORECOURT WITH SEATING FOR 20 PEOPLE
4 STAR HYGIENE RATING.
LIVE MUSIC

IMPRESSIVE & SPACIOUS RESTAURANT approx. in the region of 2,000 sq. ft. (including kitchen). Quality tiled floor plus woodstrip floor at rear, suspended ceiling with inset lighting. Bar, EPOS till, Coffee Machine (2 Group), coffee grinder, drinks display fridge (glass fronted upright five-door), CCTV system (8 cameras, 1 monitor), Tables and chairs providing seating for 130 People (can be expanded).

Kitchen with stainless steel extractor unit, Gas 6-burner Cooker, charcoal grill, grill, kebab machine, deep fryer (2 pan), deep fryer, 2 microwaves, 4 preparation tables, double sink and drainer.

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

Large Stock room

Staff room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000p.w. with a Gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor with 5 full time & 2 part time staff.

Trading Hours

6 Day week (MIDNIGHT LICENCE)
MONDAY & WEDNESDAY - SATURDAY 10am - 11pm
SUNDAY 12 noon - 11 pm

Outside

Service road at rear of parade Parking space for 2 car. (£20+ Vat per month)

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR is trading over at a current rent of £33,200 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at a starting rent of £37,000 rent.

Business Rates from April 2024 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1999, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote