Restaurant For Sale

Business description

This most attractive Restaurant has been in the same hands for approx. 3 years and unfortunately has recently been closed due to personal reasons. When trading well established as modern European cuisine and in our opinion there is potential for a number of cuisines.

ATTRACTIVE SINGLE FRONTED RESTAURANT, carpeted and with full gas fired central heating. Tables and chairs providing seating for 30 persons. Wall lighting. Wine rack. 2 coffee machines (on loan), filter coffee (on loan).

Level kitchen with industrial non-slip floor, fully equipped including 6-burner stainless steel cooker, small electric oven, deep fryer, charcoal grill, 1 deep freeze, 1 fridge, stainless steel table, single sink and drainer, dishwasher, wash hand basin etc.

Ladies' cloakroom, carpeted and with w.c. and wash hand basin
Gentlemen's cloakroom with wood block floor, w.c. and wash hand basin

Rear store shed with fridge plus fridge/freezer

Property information

Property:

Leasehold

Lease terms:

The vendor owns the long leasehold property and subject to satisfactory references is prepared to grant a new 9 years full repairing and insuring lease at a rental of £15,000 p.a. exclusive of rates for the first 3 years, with rent review at that time and thereafter every 3 years.

Uniform Business Rates: £1,880 p.a. approx. + water rates (metered)

RECOMMENED FOR EARLY INSPECTION

Location:

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

Other information

Expansion potential:

WE ARE INFORMED the turnover when trading averaged £1,600 p.w. and in our opinion there is tremenedous potential to re-establish a profitable catering business in the right hands.

Reasons for selling:

All Offers Considered For The New Lease. Alternatively The Vendor Is Prepared To Sell The Long Leasehold Property Which We Understand Is For A Period Of 125 Years From The 24th June, 1990 At A Ground Rent Of Only £25 P.A. Fixed, No Rent Revisions. All Offers Considered For The Long Leasehold Property, Fixtures & Fittings Substantial Mortgage To An Approved Applicant Price To Include The Valuable Long Leasehold Property, Fixtures & Fittings £180,000 Substantial Mortgage To An Approved Applicant

Trading hours:

When trading
Lunches - Tuesday & Wednesday - 12 noon - 2 p.m.
Evenings - Tuesday - Saturday inclusive - 6.30 p.m. - 10 p.m. (last orders)
CLOSED SUNDAY & MONDAY

Financing available:

Substantial Loan To An Approved Applicant.