Indian Restaurant & Bar in Surrey For Sale

Situated in a parade, excellent trading position, SURREY

Turnover £ 6,000
Price £145,000

Features

Indian Restaurant and Bar

6 DAYS OPENING

4 STAR HYGIENE RATING

IMPOSING SINGLE FRONTED AIR CONDITIONED PREMISES, in the region of 1,300 ft², CCTV ( 5 cameras), Tiled flooring, Suspended ceiling with LED lighting.

Tables and chairs seating 50 customers.

BAR - Electronic cash register, 1 beer pump, 2 under counter fridges, glass washer, wash hand basin, coffee machine.

KITCHEN - Stainless steel extractor, 8 burner hob, oven, tandoor, steamer, double baset deep fat fryer, microwave, heated cabinet, bain marie, large double door fridge, single door fridge, ice cream freezer, display fridge, ice maker, fridge/freezer, double sink and drainer, dish washer, stainless steel preparation tables, etc.

Ladies cloakroom with toilet and wash hand basin.
Gentlemen's cloakroom with toilet and wash hand basin.

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. - £7,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the Husband & Wife team with 3 full time (2 chefs) and 2 part time staff.

We are informed the wage bill averages £1,500 p.w. approx.

Trading Hours

6 Day week

TUESDAY 5.30 p.m. - 10 p.m.
WEDNESDAY - SATURDAY 12 noon - 2.30 p.m. 5.30 p.m. - 10 p.m.
SUNDAY 5.30 p.m. - 10 p.m.

CLOSED MONDAYS

Accommodation

The accommodation in the form of 2 SELF CONTAINED FLATS, comprise:

Flat No. 1. At present let on a shorthold tenancy and providing a rental income of £1,500 per month comprises:

4 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Flat No. 2. Utilized by staff. This flat also comprises:

4 Double Bedrooms
Bathroom with bath, w.c. & wash hand basin
Lounge
Kitchen

Outside

Rear access with space for rubbish bin

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £45,480 p.a.

Business Rates from April 2025 TBC (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £145,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 72,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote