Well Established Fast Food Restaurant In Surrey For Sale

Business description

The business has been in the same hands for the past 15 years and there are genuine reasons for sale.

At present mainly Takeaway plus some deliveries. In addition there is a seating area.

Electric shutters to SPACIOUS DOUBLE FRONTED SHOP with double door, ceramic tiled floor, tiled walls, 2 mirrors, suspended ceiling with concealed lighting. 4 tables and 16 fixed chairs. Long counter with wooden top, electronic cash register, illuminated menu board, Háágen Dazs ice cream deep freeze, upright double door glass fronted drinks display fridge.

OPEN PLAN COOKING AREA with 2 Henny Penny chicken pressure cookers, HCW5 chicken hot display cabinet, 1 new large gas deep fryer, chip dump, single deck pizza oven with conveyor belt, refrigerated stainless steel making table, 2 chest deep freezes, walk-in coldroom etc.

Office
Staff w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the landlords propose to grant a new 15 years full repairing and insuring lease from March, 2012 and has requested an initial rental of £25,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years. (We understand from the present tenant the rental is currently still under negotiation with the landlords).

Uniform Business Rates: £6,710 p.a.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 15 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent trading position, SURREY

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. As stated we understand that turnover is mainly takeaway with some local deliveries plus a certain amount of eating at the premises.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £170,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Thursday inclusive - 11.30 a.m. - 12 midnight
Friday & Saturday - 11.30 a.m. - 1 a.m.
We understand from the present owner they have a Late Night Licence and can remain open until 5 a.m. if desired

Employees:

The business is at present operated by the vendor with the assistance of 2 full time staff plus 2 part time staff (1 of the part time staff is in fact utilized for deliveries).

Other information

Financing available:

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