Licensed Restaurant in Cambridgeshire For Sale

Situated in a Parade, excellent High Street trading position, office and commercial area, Cambridgeshire.

Turnover £ 5,000
Price £55,000

Features

Licensed Thai Restaurant

6 DAYS OPENING

DOUBLE FRONTED PREMISES, in the region of 1,600 ft² - Laminate floor, suspended ceiling with character pendant lighting.

Tables and chairs seating 44 people.

Bar - Cash register, coffee machine, under counter fridges, wash hand basin, single sink.

Kitchen - Stainless steel extractor, 9 burner chinese hob, 2 rice cookers, hot plate, 2 microwaves, 2 deep fat fryers, large fridge, 2 fridges, under counter fridges, dounble sink and drainer, 2 stainless steel preparation tables, hand wash basin, shelving unit, etc,

Customer cloakroom with w.c. and wash hand basin.

Staff toilet with sink.

Stairs to the first floor - in the region of 680 ft², air conditioning, 3 rooms, historically sublet and used as a tanning salon.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. (£1,800 approx on deliveries) with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor (chef) with 1 full time & 5 part time staff.

Trading Hours

6 Day week
MONDAY - THURSDAY 5.30 pm - 9 pm
FRIDAY - SATURDAY 5.30 pm - 9.30pm

Outside

Shed with 2 freezers and dry goods store.

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 7 years in 2021 next review 2028 at a current rent of £20,000 p.a.

Business Rates from April 2023 £2,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 27,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote