Licensed Grill Restaurant in Surrey For Sale

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

Turnover £ 4,500
Price £95,000

Features

Licensed Steak & Grill Restaurant

PREMISES in the region of 1,270 ft²

5 star hygiene rating.

DOUBLE FRONTED PREMISES - Laminate flooring, suspendeed ceiling with spot and pendant lighting.

Tables and chairs seating 60 people.

Bar - Coffee machine, undercounter fridges, ice machine, glass washer, wash hand basin, 3 pumps for beer and soft drink dispenser.

Ladies cloak room (disabled access) with toilet and sink.

Gentleman's cloak room with toilet and sink.

Separate kitchen - Tile floor, tube lighting.

Stainless steel extractor, 2 double basket deep fat fryer, grill / griddle, 6 burner cooker, 2 chest freezers, upright freezer, uprighjt fridge, salad fridge, firdge, diswasher, double sink and drainer, stainless steel preparation table.

Dry store

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 3 full time staff employed and the assistance of 3 part time staff.
We are informed the wage bill averages £2,000p.w. approx.

Trading Hours

7 Day week
MONDAY - Thurs 12 noon - 3pm 5pm - 10pm
Friday 5pm - 10 pm
Sat - Sun - 12 noon - 10 pm

Outside

Yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (vendor) granted for 20 years in 2007 with reviews every 5 years (next review 2027) at a current rent of £18,000 p.a.

We are advised the Landlord will require a £10,000 rent deposit.

Business Rates from April 2023 £828 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

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