Licensed Restaurant in Kingston Upon Thames For Sale

Situated in a parade of 4 shops, just off main road, close to University, SURREY. KINGSTON UPON THAMES

Turnover £ 2,250
Price £79,000

Features

Licensed Restaurant

5 DAYS OPENING ~ 5 STAR HYGIENE RATING

The business currently trades as a Japanese & Korean restaurant, which could obviously be continued or in our opinion there is potential for other types of cuisine, if desired.

CCTV system (7 cameras).

DOUBLE FRONTED PREMISES in the region of 450 ft². Wood strip floor, ceiling with hanging lights. Air conditioning with hot air. Tables and chairs providing seating for 29 persons. Sales counter, EPOS till.

KITCHEN. Stainless steel extractor unit, electric cooker, deep fryer, fridges, freezers, microwave.

Toilet with w.c. and wash hand basin

Stockroom

Basement in the region of 430 ft²

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,250/£2,500 p.w. with a gross profit of 65% approx. (30% on DELIVERIES)

Staff

The business is at present operated by the vendor with 1 full time & 1 part time staff.

Trading Hours

5 Day week
TUESDAY - SATURDAY 12.30 p.m - 2.30 p.m & 5.30 p.m. - 9.30 p.m

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a lease from a private landlord, granted for 15 years in 2012 with reviews every 4 years (next review 2027) at a current rent of £9,500 p.a. We are advised, to an approved applicant, the Landlord is prepared to extend the lease as required.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

**PLEASE NOTE THE PROSPECTIVE PURCHASER IS TO BE RESPONSIBLE FOR THE LANDLORD'S SOLICITORS FEES**

Price

TO INCLUDE THE LEASE, GOODWILL, FIXTURES & FITTINGS £79,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote