Licensed Fusion Restaurant in Surrey For Sale

Prominent main road trading position, town centre, SURREY bordering West Sussex and Hampshire.

Turnover £ 7,500
Price £95,000

Features

Well Presented 18th Century Licenced Fusion Restaurant

6 DAYS OPENING
GRADE II PREMISES in the region of 1,850 ft²
Gas to premises.

Well presented business with Reception area, sofa, fire, Reception desk with EPOS till.

Vinyl floor, wall lights with Tables and chairs providing seating for 45 People.

Bar.

Kitchen with stainless steel Ultraviolet extractor unit, 6 Electric Cooker plus oven, combi oven, microwave, Full height fridge, Full height freezer, under counter triple fridge, preparation table, hot cupboard, heated gantry

Basement, used for storage purposes, deep freezer. (We feel has potential to be utilise as cellar bar.)

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a Gross profit of 70% approx.

Staff

The business is at present operated by the vendor on an management basis with 4 full time staff employed. with the assistance of 2 part time staff.

Trading Hours

6 Day week
TUESDAY - SATURDAY 12 noon - 9pm
SUNDAY 12- 3pm

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 2023 with reviews every 5 years (next review 2028) at a current rent of £21,700 p.a. + VAT

In addition we understand there is a Service charge of £3,810 p.a. + VAT approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote