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Lebanese Restaurant in Surrey For Sale

Lebanese Restaurant in Surrey For Sale
Lebanese Restaurant in Surrey For Sale Buy a Lebanese Restaurant in Surrey For Sale Sell a Lebanese Restaurant in Surrey For Sale Lebanese Restaurant in Surrey For Sale for Sale Lebanese Restaurant in Surrey For Sale for Sale Lebanese Restaurant in Surrey For Sale for Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential, office and commercial area, SURREY.

Turnover 7,500
Price 185,000

Features

Halal Lebanese Restaurant

DOUBLE FRONTED PREMISES. Tiled floor, plaster board ceiling with spotlights and pendants. Customer waiting area with bench seating. Tables and bench seating for 40 persons. Cctv (8 cameras) Alarm.

Ladies and Gentlemen's toilets.

OPEN PLAN KITCHEN. Stainless steel extractor, charcoal grill, 3 doner machines, double basket deep fryer, grill, microwave, display fridge, salad fridge, ice cream freezer, wash hand basin.

Preparation room. 2 stainless steel tables, 2 chest freezers, large fridge, double sink and drainer, shelving, cooker.

Turnover

WE ARE INFORMED by the owner the turnover currently averages 7,500 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 3 full time & 3 part time staff employed. We are informed the wage bill averages 1,400 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday - 11 a.m - 11 p.m
Friday & Saturday - 11 a.m - 3 a.m

Accommodation

THE SELF CONTAINED ACCOMMODATION - entrance via door to the right of the shop to flat above, currently let on short hold tenancies on a room by room basis, providing a current rental income of 3,550 per month. The accommodation comprises:

First floor -

Fitted kitchen
Shower room with sink
Separate w.c.
2 double bedrooms each with kitchenette

Second floor -

3 double bedrooms each with kitchenette.
Shower room with sink.
Separate w.c.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2011 with reviews every 5 years (next review 2026) at a current rent of 28,000 p.a. (As will be appreciated with the current rental income of 42,600 from the accommodation there is a profit rent at the present time of 14,600 p.a).

Business Rates from April 2022 4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021

Price

TO INCLUDE THE SECURE RENEWALE LEASE, GOODWILL, FIXTURES & FITTINGS 185,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 92,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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