Restaurant For Sale

Business description

ATTRACTIVE LICENSED DOUBLE FRONTED RESTAURANT with laminated strip floor. Tables and chairs providing seating for 40 persons. Attractive bar with brick facia, 1 hand pump, optics, open cool display fridge etc.

Level kitchen with non-slip floor, mainly stainless steel equipment. Newly fitted including Tandoori oven, 6-burner gas cooker, 1 domestic microwave oven, 1 upright stainless steel double door fridge, 1 chest deep freeze, ice cream deep freeze (on loan), double sink and drainer, wash hand basin etc.

Staff cloakroom with w.c. and wash hand basin

Fully tiled ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

Large storeroom at rear rented from the same landlord on a 3 yearly agreement at a rental of £3,500 p.a.

Property information

Lease terms:

We understand the Restaurant is held on a renewable lease, the present lease having approximately 11 years unexpired at a rental of £13,500 p.a. exclusive of rates for the next 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £5,000 p.a. approx. + water rates

RECOMMENDED FOR EARLY INSPECTION

Location:

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

Other information

Expansion potential:

WE ARE INFORMED the turnover averages £2,000 p.w. in our opinion offering tremendous potential for futher increase in the right hands. Gross profit 70% approx.

Reasons for selling:

To Include The Secure Lease, Goodwill, Fixtures & Fittings £45,000 Plus Stock At Valuation Substantial Loan To An Approved Applicant

Trading hours:

12 pm - 2pm then 5 p.m. - 11 p.m. seven evenings per week

Financing available:

Substantial Loan To An Approved Applicant.

Contact the seller