Attractive Restaurant in Reigate For Sale

Situated in a parade, excellent trading position, sought after REIGATE, SURREY REIGATE

Price £75,000

Features

Attractive & Spacious Licensed High Street Restaurant - Recently Closed (020825)

Newly fitted 2020 to a high standard

STREET PARKING - FREE IN THE EVENINGS & RESTRICTED TO 1 HOUR DURING THE DAYTIME

6 DAYS OPENING

SPACIOUS RESTAURANT in the region of 1,280 ft² with woodstrip floor, ceiling with spotlighting plus hanging lighting. 2 air conditioning units. Tables & chairs plus upholstered benches providing seating for 50 persons (can be increased to accommodate 60 persons). BAR with double door glass fronted counter fridge, sink. CCTV system (4 cameras, 1 monitor).

REAR WAITERS SECTION with coffee machine, Glass washer, Ice maker

Small store area, fridge

Disabled cloakroom with w.c. & wash hand basin

3 Cloakrooms each with w.c. & wash hand basin

LARGE KITCHEN. Non-slip floor. Well equipped including Tandooi oven, 11 burner gas cooker with 2 ovens, 1 commercial microwave oven, 1 stainless steel fridge, 3 additional fridge, 3 chest deep freezers, double sink & drainer, wash hand basin, dishwasher etc.

Turnover

When trading - The owner advised the turnover currently averages £7,000 p.w. with a gross profit of 65% approx. (20% DELIVERY)

Trading Hours

Were
6 Day week
TUESDAY - SATURDAY 12 noon - 2.30 p.m & 5.30 p.m - 10.30 p.m
SUNDAY 12 noon - 2.30 p.m then 6 p.m - 10.00 p.m

Tenure

The private landlord subject to satisfactory references are prepared to grant a new 10 years full repairing and insuring lease with rent reviews every 5 years at a rent of £32,000 p.a. for the first 5 years.

Business Rates from April 2025 £5,950 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000.
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote