Status: For Sale
Tenure: Leasehold
Leasehold Rent: £65,000 per annum
Turnover: £600,000
Fantastic Modern Restaurant in a Sought After LocationFantastic Modern Restaurant in a Sought After LocationFantastic Modern Restaurant in a Sought After LocationFantastic Modern Restaurant in a Sought After LocationFantastic Modern Restaurant in a Sought After LocationFantastic Modern Restaurant in a Sought After LocationFantastic Modern Restaurant in a Sought After LocationFantastic Modern Restaurant in a Sought After LocationFantastic Modern Restaurant in a Sought After LocationFantastic Modern Restaurant in a Sought After Location
£495,000 + SAV

Fantastic Modern Restaurant in a Sought After Location

For Sale
  • Reference: 2901A-C J
  • Location: Surrey
Hilton Smythe is delighted to introduce a highy popular restaurant to the market. The business was originally established in 2006 by our client, who is now looking to sell the business due to the desire to take a well deserved retirement.

This restaurant specialies in modern British cuisine with many popular Mediterranean specialities. Throughout the day, the menu includes great breakfasts, coffee and pastries and at lunch time they offer popular afternoon teas. They also have a take away option for the deli leading into an early supper menu and evening dinning.

The business also doubles up as a bar and shop. This is the go to place in the area, with the fantastic range of products. We are advised the store sells around 500 wines from around the world. The store also has a great selection of premium spirits, ales, cigars and Riedel glassware.

The current owner organises wine tasting trips throughout Europe for members. This includes complementary visits to many of the 40 wine suppliers. Over the years our client has built up great relationships with the suppliers.

A full menu and price list can be found on the business website. The website has regular updates with daily events, wine tasting speakers and specials on offer.

We are advised the current turnover for the business is around £600,000 per annum. This is fantastic but we believe it could be increased. The current deli area is located at the front of the restaurant however we feel it could be more profitable to remove this space and replace it with a more visible bar and by adding a comfortable seating area it will be more attractive to passing trade.

This is the only restaurant in the area of this size with an A3 licence. Directly outside the property is parking for over 240 cars. This premise is a fantastic property for a restaurant with its large double fronted unit and generously sized outside dining area.

Above the store is a four bedroom owners accommodation which would be perfect for a purchaser looking to locate to the area. There is also the option to rent out the accommodation to create £2000 extra income a month.

The current owner would be willing to work with the purchaser to ensure they are introduced to the 40 suppliers. As well as guiding them through the best way to look after the wine club members.

This is an unmissable opportunity to own a well-known highly profitable business in a fantastic location. Hilton Smythe highly advise early viewing to avoid disappointment.

TENURE

We are advised the business is leasehold

Original lease length 15 years
Current lease length 15 years
Review period 5 years.
Rent £62,000 per annum

HOURS

The business opens:-

Monday - Saturday: 9am - last orders 10pm
Sunday: 10am - 5pm

The restaurant opens later on Sunday's in the summer.

STAFF

The business is run and managed by the proprietors and 15 members of staff.

FINANCIAL PROFILE

The business reports a turnover of £600,000 per annum.
Extra rental income from the accommodation above is around £2000 per month.
This modern restaurant and shop is located in an affluent area of Surrey next to a world famous golf club.

In residence are several well-known celebrities and prominent golfers. The population of the town consists of many London commuters, who prefer to live away from the bustling atmosphere of Central London. The area has great motorway links.

The business is situated on a retail parade which benefits from a range of business including a florist, hair salon, post office, chemist, estate agents, beauty salon, clothing store, betting shop, newsagents, interior decorators, 5 other restaurants and more. This is a highly sought after location, and retail stores are in high demand.

The business benefits from free on street parking which is directly outside the premise. Just a two minute walk from the property is one of the many bus stops in the area, which has regular routes to the surrounding towns.
This large double fronted premise is in a great location and looks fantastic. The front of the property is well signed and looks attractive.

The deli/café seating area has approximately 30 covers, and is well fitted to the trade. The deli service area has the following equipment-
3 x Glass fronted display fridges
Display shelving
Preparation unit
Meat slicer
Storage fridges
Cash register
Coffee machine

The bar area has glass fronted chillers, 1 point of dispense and spirits

The restaurant is separate from the deli and is to rear of the premises, there are 48 covers in this dining area. This is a modern bright space with art on the walls by a famous well known artist.

There are 3 customer toilets and a large kitchen at the back of the premise. The kitchen is fully equipped to a high standard and has a dry store room.

The outside seating area has 16 covers in the winter but is increased to 32 in the summer. The area has a fitted canopy and has overhead heaters for outside dining.

Above the restaurant there is a fantastic sized 4 bedroomed accommodation which is decorated to a high standard. This would be a fantastic home for the new owner. It would also be a great source of rental income generating £2000 per month.

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