Spacious Restaurant In Surrey For Sale

Business description

Trading as Chinese cuisine since April, 2011 previously well established as Italian cuisine. Obviously the present Chinese cuisine could 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.

Full On & Off Licence for the sale of wines, beers and spirits

Space for 2 tables and 4 chairs in front of restaurant

IMPRESSIVE & SPACIOUS RESTAURANT (can be open front - weather permitting). Air conditioning. 5 ceiling fans. Ceramic tiled floor. Tables and chairs providing seating for 100 persons. Bar with 2 hand pumps, 2 3-door glass fronted counter fridges, 2 double door counter fridges, coffee machine, coffee grinder, electronic cash register, glasswasher, ice maker plus sink.

Ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. and wash hand basin

LARGE LEVEL KITCHEN with tiled floor. The equipment includes 7-burner Chinese cooker, 2 4-burner gas cookers, 1 double deep fryer, stainless steel tables, double sink and drainer, dishwasher (not utilized at present), 1 upright deep freeze, 3 chest deep freezes, walk-in cold room etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable full repairing and insuring lease for a period of 20 years from April, 2011 at a rental of £26,500 p.a. exclusive of rates up to April, 2015, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £11,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade, excellent main road trading position, SURREY/MIDDLESEX BORDERS

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £5,000 p.w. including takeaway & delivery, in our opinion offering tremendous potential for further increase in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £79,500 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 12 noon - 2.30 p.m. & 5.30 p.m. - 11 p.m.
Sunday opening - 11 a.m. - 10 p.m.

Employees:

The business is at present operated by the vendor's brother who is the manager, together with her husband's assistance on a part time basis plus 2 full time and 1 part time chef, 2 full time waiters plus 1 full time driver.

Other information

Financing available:

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