Licensed Steak House in Surrey For Sale

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

Turnover £ 9,000
Price £175,000

Features

Licensed Steak House

4 STAR HYGIENE RATING.

GROUND FLOOR plus BASEMENT RESTAURANT providing seating for up to 130 persons.

GROUND FLOOR RESTAURANT with non slip industrial flooring, suspended ceiling inset spotlighting. Air conditioning/heating. Tables & chairs providing seating for 55 persons. BAR with hand pump, glass fronted counter fridges, ice maker, glass washer, offee machine (2 group), grinder, sink.

Fully tiled disabled cloakroom with w.c. & wash hand basin
Fully tiled ladies' & gentlemen's cloakrooms with w.c. & wash hand basin

GROUND FLOOR LEVEL KITCHEN with quarry tiled floor, stainless steel extractor, flat grill, charcoal grill, single basket deep fat fryer, 12 burner cooker, double basket deep fat fryer, hotplate, microwave oven, salad fridge, single door fridge, 5 deep freezers, grease trap, double sink & drainer plus 1 single sink, walk-in coldroom etc.

Stairs to BASEMENT providing additional RESTAURANT AREA with granite floor. Tables & chairs providing seating for 60 persons (can be increased).
BAR with hand pump, counter fridge, wine fridge, sink.

PRIVATE DINING ROOM - seating 15 customers.

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin
Staff w.c. & wash hand basin

2 Storerooms.

CELLAR - Used for storage

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. - £10,000 p.w. (peak season £15,000 p.w plus), with a Gross profit of 65% approx.

Staff

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

Trading Hours

7 Day week
MONDAY - SATURDAY 4 p.m. - Midnight
SATURDAY - SUNDAY 12 noon - Midnight

Outside

Garden, with customer seating for 12 people.
2 Large sheds used for storage.

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 2021 with reviews every 5 years (next review 2026) at a current rent of £22,000 p.a.

Business Rates from April 2026 £7,900 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNERS ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote