Italian Restaurant in Surrey For Sale

Situated in a parade, excellent main road trading position, sought after locality SURREY/MIDDLESEX BORDERS

Turnover £ 12,000
Price £129,500

Features

Traditional Licensed Italian Restaurant


Forecourt area with space for tables & chairs for 16 customers, if desired

5 STAR HYGIENE RATING.

DOUBLE FRONTED, AIR CONDITIONED, PREMISES in the region of 1,250 ft² - ceramic tiled flooring, suspended ceiling with spotlights and 2 chandeliers.

Tables and chairs comfortably seating 75 people.

Bar - EPOS cash register. Undercounter fridges, ice machine, glasswasher, coffee machine (2 group), grinder, knock out drawer, wash hand basin.

Pizza preparation area, stainless steel extractor, 2 deck gas pizza oven, pizza topping fridge, refidgerated pizza making table, etc.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

Kitchen - Stainless steel extractor, 12 burner hob, salamander, 8 pot bain marie, double basket deep fat fryer, washing machine, double sink and drainer, under counter double door fridge with stainless steel top, triple door under counter fridge stainless steel top, large upright double door fridge, blender, etc.

Walkin coldroom

2 chest freezers, doubledoor fridge.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. (30% delivery) Gross Profit 60% approx.

Staff

The business is at present operated by the manager with, in the kitchen, 4 full time staff and 1 part time staff. On the floor 3 full time staff and 1 part time staff employed.

We are informed the wage bill averages £3,000 p.w. approx.

Trading Hours

7 Day week
MONDAY - FRIDAY 12 noon - 2.30 pm 5 pm - 11 pm
SATURDAY - SUNDAY 12 noon - 11 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on TWO SECURE RENEWABLE leases (private landlord) granted for 15 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £31,200 p.a.

Business Rates from April 2023 £3,500 approx. after small business relief. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2007 AND OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £129,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 64,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote