Restaurants for sale in Egham

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Ian McGregor (Nov 2013)
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Leasehold Price: £200,000
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Business Description
Close To Ascot Race Track & Thorpe Park Theme Park
Annual Turnover £450,000
Highly affluent area/car park for 45 vehicles
Caters For Between 70-170 covers
Owners 5 bed accomm or Rental Income of approx. £26000 PA

The Red Lion is situated in the village of Thorpe in Surrey, between Egham and Chertsey. It lies just inside the circle of the M25, near the M3. The River Bourne or Chertsey Bourne flows through the south of village. The south-east of the village is the location of Thorpe Park, one of England's largest theme parks, which is also a Watersports Centre, it’s a very affluent area with the famous Royal Ascot racecourse also nearby.

The Red Lion offers an interesting and varied bistro style menu from Mediterranean, Steak & Grill and Sea Food to Thai in very warm and welcoming surroundings. This lovely characterful building dates back to the 18th century and benefits from having a well presented bar and restaurant which have been recently refurbished (we estimate the fixtures and fittings value to be in the region of £50,000), a large garden with an extensively equipped children’s play area, beer garden, a covered patio area and its own private car park with spaces for up to 45 vehicles.

The restaurant accommodates 70 covers, the bar a further 20 and the covered patio and beer garden at the rear can provide up to an additional 80 seated customers. The Red Lion also caters for wedding sit down receptions, evening discos, funerals, birthdays, Xmas parties and client meetings. The current incumbent has successfully operated this profitable business since 2007 and is now looking to sell due to a change of career.

Trading Hours:
Monday to Thursday - 11:00 to 23:00
Fridays & Saturdays - 10:00 to 24:00
Sunday - 12:00 to 23:00

Tenure: Leasehold

Accommodation Details:
Superbly presented throughout, these substantial character premises date back to the 18th century and have been sympathetically converted and modernised over the years whilst retaining many interesting original features. The premises provide excellent and highly functional internal business accommodation which, to the ground floor, comprises of two public entrances with access into the welcoming lounge bar with a feature fireplace and wooden furnishings, which may accommodate approximately 20 covers for general drinking and dining purposes and houses a fully fitted servery with full range of optics, draught and hand-pulled cask pumps, chilled bottle display cabinets, bottle and glass storage shelving and till point. Accessed directly from the public lounge bar, the ground-floor premises also feature a tastefully furnished and appointed dedicated restaurant area which comfortably accommodates up to 70 covers. The restaurant is served by a fully fitted and extensively equipped commercial kitchen with extraction system housing ample stainless-steel work surfaces and storage units. The ground floor also incorporates separate male and female washroom/WC facilities for customers. The rear of the premises features a public beer garden furnished with picnic-style benches and tables. The property also incorporates a substantial private patrons’ car park to the side which may comfortably accommodate up to 45 vehicles, in addition to a further, well maintained and furnished covered public patio and BBQ area providing additional external dining covers in good weather and an extensively equipped children’s play area. The business accommodation comprises of 5 bedrooms with shared facilities which are all currently rented at an average of £100 per week. The current owner does not live on site due to the sub-letting but this could easily be converted back into very spacious owners living accommodation or into 5 en-suite guest rooms. The additional investment required in converting the domestic accommodation to 5 en-suit guest rooms is estimated to be around £30,000

Location Details: Egham

Leasehold Term: Rent: £1,000 Per Week

Downloadable Documents

Listed by: Blacks Business Brokers Limited
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