Spacious Restaurant with Live music Licence in Surrey For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, Surrey.

Turnover £ 19,000
Price £350,000

Features

Licenced Restaurant with Live Music Licence

5 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 34 PEOPLE

Entrance with wheelchair lift to PREMISES in the region of 2,900 ft², wood strip floor, spot lights and pendant lighting, 4 Air conditioning with hot air.

Bar with 4 taps, ice machine, glass washer, 4 under counter display fridges, blender, ice crusher. Tables and chairs providing seating for 120 People (can be expanded), CCTV system (12 cameras, 1 monitor).

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

Open plan kitchen area, stainless steel extractor unit, Gas 6-burner Cooker, marble topped pizza fridge, 2 pan deep fryer, pizza oven (2-deck), under counter fridge 3 door, under counter fridge 4 door, charcoal grill, 2 counter fridges

Additional Preparation kitchen with stainless steel extractor unit, Gas 6-burner Cooker., freezer, fridge, under counter freezer, blender, commercial dishwasher, shelving.

Stock room, 2x deep freeze.
Large Walkin coldroom.
Stock room for wines.
Office.
Staff room with toilet.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 - £20,000 p.w. with a Gross profit of 65% approx. (20% via portails) The 2023 accounts show sales of 636,573 with a gross Profit of £410,332

Staff

The business is at present operated by the 2 partners with 4 full time & 8 part time staff.

Trading Hours

7 Day week (Licence 11am - 11pm, Live Music Licence 11am - 10pm)
SUNDAY - THURSDAY 11.30am - 10.30pm
FRIDAY & SATURDAY 11.30am - 11pm

Outside

Small Yard for bins

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 2019 with reviews every 5 years (next review 2029) at a current rent of £62,000 p.a. + VAT

Business Rates from April 2024 £6,200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote