Restaurants for sale in Surrey

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Mr & Mrs Campbell (Jan 2015)
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Leasehold Price: £375,000 Price Reduced Turnover: £600,000
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Business Description
Purchase 2901A-C & 2901-C at a combined price of £550,000.

BUSINESS

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 specialises in modern British cuisine with Mediterranean influences. The restaurant opens at 9am serving breakfast, leading into a busy lunch and late lunches which often suits the business community. Food is served all day and afternoon teas are popular. The evening begins with early suppers followed by dinner with last orders at 10pm.

The business comprises a wine and spirit division operated from a shop a few doors away which allows it to boast a fine wine list.

Wine tasting dinners and master classes are held on a regular basis with guest speakers from around the world.

The restaurant has a regular customer base including many celebrities and is considered the meeting place for the community.

Sample menu’s with prices can be found on the website. The website has regular updates with forthcoming events emailed to its 1200 strong data base.. The website also advertises the wine shop and products that are sold there.

We are advised the current turnover for the business is around £600,000 per annum. Although already fantastic, 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.

Our client also has another business on the market which is under the reference 2901-c, this business is located on the same road. This is a fantastic opportunity for a buyer looking to invest in both businesses. We are advised that the owner would be willing to offer both businesses at a combined price of £550,000.

Above the restaurant 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.

This is a unique opportunity not to be missed to own a well-known highly profitable business in a fantastic location.  Hilton Smythe highly advises early viewing to avoid disappointment.

LOCATION

This modern restaurant 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.

PREMISES

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.

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 (combined)

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.

Tenure: Leasehold

Listed by: Hilton Smythe
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2901A-C
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