Impressive Licenced Restaurant with Sponsorship Licence in Surrey For Sale

Situated in a Parade, main road trading position, residential, office and commercial area, Surrey.

Turnover £ 9,000
Price £249,950

Features

Licenced Restaurant with Hmo and Sponsorship Licence

BENEFITING FROM HMRC SPONSORSHIP LICENCE
6 DAYS OPENING
4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 2,260 ft² with wood strip floor, spot and hanging lighting, Air conditioning with hot air. Bar with 2 taps, EPOS till, Tables and chairs providing seating for 100 People (can be expanded).

Kitchen, stainless steel extractor unit, Cooker (Gas 8-burner), Additional Cooker, microwave, grill, fridges, freezers, Tandoori oven, preparation tables.

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

Small Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 - £10,000 p.w. with a Gross profit of 65% approx. (10% ONLINE SALES)

Staff

The business is at present operated by 1 of the partners with 3 full time staff & 4 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12.30pm - 3pm then 5pm - 10.30pm

Accommodation

THE SELF CONTAINED HMO ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £3,400 per month. The accommodation comprises:

6 Bedrooms (3 double, 3 Single).
Large Kitchen.
Bathroom with bath, w.c. and wash hand basin.
Showroom, w.c. and wash hand basin.
Additional w.c.

Outside

Rear garden with space for 20 people if required plus an additional car parking for 3 cars.

This rear space can be used as a Beer garden

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2017 with reviews every 5 years (next review 2028) at a current rent of £48,000 p.a.

(As will be appreciated with the rental income currently of £40,800 p.a. in respect of the accommodation, making rent payable £7,200 p.a).

Business Rates from April 2025 £15,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE MAY 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

THE SALE WILL BE VIA SHARE TRANSFER

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £249,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 124,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote