Attractive And Spacious Licensed Restaurant In Surrey For Sale

Business description

The business has been in the same hands since 1973 and is now solely offered for sale due to the vendors retirement.

Well established as French cuisine, which could obviously be continued, and in our opinion in view of the excellent main road trading position, there is potential for other types of cuisine, if desired.

IMPRESSIVE & SPACIOUS RESTAURANT with full gas fired central heating, fully carpeted, artificial beamed ceiling. LARGE BAR with brick front and wooden top, wine rack. Tables and chairs for 50 persons.

Ladies' and gentlement's cloakrooms with w.c. and wash hand basin

LARGE OPEN PLAN KITCHEN with terrazzo floor. The equipment includes 6-burner gas cooker with ovens, stainless steel bench, sink and drainer, 1 upright fridge, 1 upright deep freeze.

WASH-UP AREA with double sink and drainer, dishwasher, 1 additional upright fridge (used for desserts), walk-in coldroom, chest deep freeze.

Wine cellar

Staff cloakroom with w.c. and wash hand basin plus shower

It will be appreciated upon inspection that the kitchen area could be moved to the rear of the premises which would obviously increase the restaurant area for additional seating.

Property information

Property:

Leasehold

Lease terms:

The vendors own the freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease at a rental of £25,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £6,819 p.a.

AS STATED THE RESTAURANT HAS BEEN IN THE SAME HANDS SINCE 1973 AND IS NOW SOLELY OFFERED FOR SALE DUE TO THE VENDORS RETIREMENT.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent main road trading position, sought after residential area, SURREY/MIDDLESEX BORDERS

Business Operation

Expansion potential:

This well established Restaurant is at present operated on a low key basis and we are informed the turnover is currently in the region of £1,800 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Lunches - Tuesday - Friday inclusive - 12 noon - 2 p.m.
Evenings - Monday - Saturday inclusive - 7 p.m. - 11 p.m. (last orders)
NO SUNDAY OPENING
In our opinion there is terrific potential for additional opening hours

Employees:

At present operated by 1 of the partners plus 1 full time chef and additional part time staff when required.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance