Licensed Mexican Restaurant in Surrey For Sale

Situated in a parade, excellent main road trading position, SURREY

Turnover £ 9,000
Price £169,500

Features

Licensed Mexican Restaurant

SEATING OUTSIDE FOR 18 CUSTOMERS

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES, in the region of 1,600 ft², Tiled flooring, plastercoard ceiling with with pendant and spotlights.

Tables and chairs seating 66 customers (could be increased.)


BAR - Touch screen cash register, under counder fridges, ice machine, coffee machine (4 group), grinder, knockout drawer, glass washer, wash hand basin.

PRIVATE DINING ROOM seating 20 customers.

Ladies / disabled access cloakroom with toilet and wash hand basin.

Gentlemen's cloakroom with toilet and wash hand basin.

KITCHEN - Stainless steel extractor, 2 x 6 burner hobs with ovens beneath, double basket deep fat fryer, charcoal grill, 2 microwaves, bain marie (2 pot), single door fridge, double door fridge, 2 chest freezers, salad fridge, double sink and drainer, dishwasher, stainless steel preparation table, etc

Store room with double door freezer, chest freezer, dessert display chiller.

Office.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. - £10,000 p.w. with a Gross profit of 55% approx.

Staff

The business is at present operated by the 2 partners with 2 full time staff and 2 part time staff.

Trading Hours

7 Day week
MONDAY - FRIDAY 5 p.m. - 10.30 p.m.
SATURDAY 12 noon - 11.30 p.m.
SUNDAY 12 noon - 10 p.m.

Outside

Container to rear used for storage.

Parking for 2 vehicles.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £19,000 p.a.

Business Rates from April 2025 £4,700 approx. after small business relief (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 £169,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 84,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote