Profitable Indian Restaurant for Sale in Surrey

  • Premium £560,000
  • £40,000/Annum
Surrey, UK
AVAILABLE BUSINESS & LEASE FOR SALE

Profitable Indian Restaurant for Sale in Surrey

Surrey, UK
  • Premium £560,000
  • £40,000/Annum

Description

Established & High Profit Restaurant Investment Opportunity in Surrey.

This is an incredible opportunity to acquire a well-established and highly profitable Indian restaurant located in the heart of Surrey. The restaurant has been operating successfully for many years and has an excellent reputation for serving high-quality Indian cuisine.


MAIN FEATURES

  • Profits in the region of 250k plus
  • Spacious dining area with additional function rooms
  • Fully equipped kitchen designed for high-volume food production.
  • Excellent reputation and loyal customer base
  • Strong and consistent revenue stream
  • Turnkey operation with all equipment and inventory included.
  • Retirement sale – Training and support can be provided for smooth transition.

LEASE DETAILS

  • Lease: Dec 2037 (Inside the LTA)
  • Rent: 40,000 per annum exclusive
  • Next Rent Review: Dec 2023 (no increase is already agreed)
  • Rent Review Term: Every 4 years
  • Premium: 560,000 plus SAV (Goodwill, FF&E and Lease benefits)

FINANCIAL DETAILS (Pre-Tax Profit inc Owner’s Benefit)

  • Year 2021-22: £256,111
  • Year 2020-21: £205,260
  • Year 2019-20: £133,259

The business has a loyal customer base and has been consistently profitable over the years. The current owner has implemented effective marketing strategies to attract new customers and maintain a high level of customer satisfaction. This has resulted in a strong and consistent revenue stream year after year.

This turnkey operation includes all the equipment and inventory needed to continue running the business successfully. The owner is willing to provide training and support to the new owner to ensure a smooth transition of ownership.


PREMISES DETAILS

  • Commercial Area: Circa 2980 Sq. ft
  • Staff Accommodation: 2 Double & 2 Single bedrooms
  • Planning: Restaurant Use with Premises License
  • Business rates – Current year payable £4,050/annum with retail discount. (Rateable Value: 32,500)

The restaurant has a spacious dining area that can accommodate up to 110 guests. The interior is beautifully decorated with traditional Indian elements, providing a warm and inviting atmosphere for customers. In addition to the dining area, there is also a fully equipped kitchen that is designed to handle high-volume food production.


LOCATION

  • Affluent Suburban Town in Surrey
  • Low Competition

PLANNING & OPENING HOURS

  • Both ON & OFF Premises License with late night refreshment
  • Permitted Hours: 10am till 12am (Mon-Sat) and 11:30pm on Sunday.

LANDLORD’S REQUIREMENTS

  • 3-6 months rent deposit required (subject to references)

VIEWINGS

Prospect buyers must sign NDA & provide proof of funds before requesting a viewing.

Strictly through Restaurant Property Sellers only.


DISCLAIMER

The above information is provided by the seller and are issued without responsibility on the part of the firm therefore are not to be relied upon as statements of facts. Any intending purchaser must satisfy themselves as to the correctness of each statement. The firm nor any of their employees have any authority to make or give, any representation or warranty whatever in relation to this property.

Details

Updated on April 25, 2023 at 7:43 pm
  • Price: Premium £560,000
  • Size: Circa 2980 Sq ft.
  • Covers: 110
  • Use: Restaurant
  • Type: RESTAURANTS
  • Status: AVAILABLE

Overview

  • RESTAURANTS
  • Type
  • Circa 2980
  • Sq ft.

Contact Information

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