Spacious Well Equipped Licensed Restaurant In Surrey For Sale

Business description

SPACIOUS RESTAURANT, tinted glass windows, quarry tiled floor. 2 air conditioning/heating units. Full Gas Fired Central Heating. Quality tables and chairs providing seating for 70 persons (can be increased to accommodate 90 persons. NEW BAR, 2 hand pumps, electronic cash register, glasswasher, icemaker, double door glass fronted counter fridge, 1 3-door stainless steel counter fridge, additional section used as a servery area with 2 group coffee machine, ice cream display counter, shelving, cool display unit.

Fully tiled ladies' cloakroom with 2 w.c's, wash hand basin
Fully tiled gentlemen's cloakroom with w.c. urinal, wash hand basin

LEVEL KITCHEN fully equipped including 2 7-burner Chinese cookers, stainless steel extractor, 1 upright double door stainless steel fridge, 1 stainless steel single door fridge, 6-burner gas cooker, deep fryer, double sink and drainer, 3 stainless steel tables, walk-in coldroom, walk-in deep freeze etc.

Property information

Property:

Leasehold

Lease terms:

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 20 years full repairing and insuring lease at a rental of £48,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £12,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of 2 SELF CONTAINED FLATS over, comprises: Flat No. 1 at present used by staff and with Full Gas Fired Central Heating, comprises 3 bedrooms (2 very large doubles plus 1 additional double) Bathroom with bath, w.c. and wash hand basin Kitchen with fitted units Second Flat at present let on a shorthold tenancy and providing a rental income of £750 per month, comprises 1 Double Bedroom Bathroom with bath, w.c. and wash hand basin Lounge/Dining Room Kitchen with fitted units

Location:

Situated end of parade, excellent trading position, residential, office and commercial area, SURREY

Business Operation

Expansion potential:

WE UNDERSTAND the restaurant after being fully refurbished has recently been opened and in our opinion offers terrific potential for develoment in the right hands.

Reasons for selling:

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £129,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 11 a.m. - 2.30 p.m. & 6 p.m. - 11 p.m.
Sunday opening - 12.30 p.m. - 10 p.m.

Employees:

The business is at present operated by the vendor's daughter & son-in-law, with the assistance of 6 full time.

Other information

Financing available:

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