Japanese and Korean Restaurant in Surrey For Sale

Situated in a High rised Building, excellent High Street trading position, residential, office and commercial area, Surrey.

Turnover £ 8,500
Price £220,000

Features

Korean and Japanese Restaurant

GLASS FRONTED PREMISES in the region of 1,385 ft² with tiled floor, spot lights and hanging lighting, Tables and chairs providing seating for 60 People (BBQ available), CCTV system (7 cameras)

Sushi Bar with Printer, Card Machine, Cash Register,

Kitchen with New Extractor, 12 burner Gas Cooker, 2 Deep frying Fryers, Brand New Electric Boiler, 1.7m x 2.2m shelf, 2.2m x 1.2 m shelf, electric Hot Pot, 2 fridges (2m x 0.8), 4 freezers ( 1.2m x 2.2m), 1 Drinking Fridge (2x0.8m), 3 Drinking Fridges (1.2x1.8m), 1 Sushi Fridge(2.2x0.3m)

Staff Room

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

Lower ground in the region of 285 ft² used for Storage

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 - £9,000 p.w. with a Gross profit of 60% approx.

Staff

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

Trading Hours

Mondays - Closing, Tuesdays to Sundays - Opening from 12 pm to 10.30 pm

Outside

Parking space for 1 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £32,000 p.a. + VAT

Business Rates from April 2025 £12,200 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO PERSONAL REASONS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 110,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote