Licensed Italian Restaurant & Pizzeria with Staff Accommodation For Sale in Surrey
Camberley, Surrey
- Status
FOR SALE
- Date Submitted:
30/06/23
- Advert ID
515922
- Reference
DT5199 / Rightbiz
- Call Agent:
- Leasehold: £175,000 (Stock at valuation)
- Rent: £53,000
- Turnover: £650,000 (£12,500 Per week)
- Net Profit: On request
Key Features
- Accounts Available
- Attractive Business
- High Turnover
- Fully Fitted
- Prime Location
- Retirement Sale
Business Details
Authentic, Licensed Italian Restaurant and Pizzeria For Sale in Frimley, Surrey
Long Established Licensed Authentic Italian Restaurant & Pizzeria - 90 Covers
(Circa 3,250sq.ft. - 302m2)
Highly Profitable – Turnover Exceeding £650,000 - Genuine Retirement Sale
Fantastic Accommodation Above
Camberley Area - Surrey – Frimley - Berkshire – Affluent Area
Offers Invited
Situated in a well sought after Village in Surrey we offer for sale this long established (more than 30 years), profitable 90-seater Authentic Italian Licensed Restaurant and Take Away. Serving a large and prosperous surrounding community within a busy village with many prosperous supporting trades.
The premises are held on a renewable lease ending October 2027. We are advised the current rent is £53,000 per annum (£66,000incl. VAT) exclusive of rates. This includes first floor accommodation (4 bedroom and 3 bedroom maisonette above - currently used for staff accommodation)
Rateable Value:- £34,750 EPC:- F-143
The premises comprise:-
Large, Bright & Inviting Dining area (circa 100 seats) Fully Fitted Bar, 2 group commercial coffee machine, coffee grinder, glass cleaner, Epos till system, undercounter drinks fridge, tiled flooring).
Restaurant (laminate flooring, pendant lighting, air-conditioning, quality fittings, tables & chairs, etc).
Fully Equipped Kitchen (two canopy extractors, two 6-burner commercial cookers, ‘Thor’ gas griddle, electric grill, double deep fat fryer, commercial electric pizza oven, electric oven, commercial dishwasher, gantry, etc.). N.B. All equipment is owned.
Ladies / Gents / Disabled Cloakrooms.
Outside:- 2 x Storage Garages. And 2 x Car Park Spaces.
Accommodation above:- 2 x first floor maisonettes – accessed separately from the rear. Currently used for staff accommodation and an office.
We are advised that current Takings average around £12,500 per week (Circa. £650,000 per annum) with good levels of net profit and genuine scope to expand on these figures by increasing operating hours (currently closed on Sunday’s), social media marketing, deliveries, reintroducing an online booking service,
The business is very involved in the community and supports may local causes and charities. There is no direct competition in the wide vicinity.
Staff:- 2 x working owners (Directors) together with five front-of house staff members plus five kitchen staff (2 x full time head chefs, 1 x Pizza chef – all very experienced - and two comis’ Chefs).
Hours of Trading:- Monday to Saturday – 12pm to 2pm. & 6pm to 10pm. Sunday – closed.
We consider this a superb opportunity for an experienced operator with a proven track record in the Catering industry. Negotiable Handover period to be provided to ensure smooth handover.
Price required for goodwill, lease, tenant’s fittings, fixtures, utensils, trade furnishings & equipment:-
£175,000
Negotiable / Offers Invited
Stock extra at Valuation
Contact Agent
Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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