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Reference R8454

Buffet Restaurant in Surrey For Sale

Buffet Restaurant in Surrey For Sale

Register to see map and to make an appointment Excellent trading position, sought after WEST SURREY TOWN

Turnover 20,000
Price 250,000

Features

Spacious Fully Licensed Buffet Restaurant

Operated as a Buffet Restaurant with Chinese & Indian cuisine, in our opinion offering terrific potential for further development in the right hands.

We understand the total square footage including the kitchen area is in the region of 5,000 sq. ft. Quality tiled floor, ceiling with inset lighting. Air conditioning. Tables & chairs providing seating for 180 persons. BAR with mirror-backed shelving, 4 double door glass fronted counter fridges, coffee machine, coffee grinder, 2 soft drinks dispensers, hand pumps, glasswasher, computerised till etc.

SERVERY SECTION with touchscreen till

Ladies' cloakroom with 5 w.c's, 3 wash hand basins
Gentlemen's cloakroom with 2 w.c's, 3 urinals, 2 wash hand basins

LARGE OPEN PLAN KITCHEN AREA, large stainless steel extractor system. Fully equipped including Rational electric oven, 5-burner Chinese cooker, 3-burner Chinese cooker, Tandoori oven, 2 large single burners, 2 double deep fryers, 3 3-door stainless steel fridges with refrigerated topping section, double door stainless steel fridge etc.

Turnover

WE ARE INFORMED the turnover is in the region of 20,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We are further advised that the gross profit is in the region of 60%.

Staff

At present operated by the vendor on a part time basis with the assistance of 1 full time manager, 4 chefs, 3 kitchen porters & 10 waiters/waitresses.

Trading Hours

Monday - Friday inclusive - 12 noon - 3 p.m. & 5.30 p.m. - 10 p.m.
Saturday & Sunday opening - 12 noon - 10 p.m.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 6 years unexpired at a current rental of 96,000 p.a. with rent reviews. We further understand there is a service charge currently in the region of 30,000 p.a. As will be appreciated the assignment of the lease is subject to satisfactory references and we understand the landlords may require a six months rent deposit.

Uniform Business Rates: 37,000 p.a. approx.

PERSONALLY INSPECTED AND HIGH RECOMMENDED

Price

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of 250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 125,000 (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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