Well fitted Thai Restaurant in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SW London

Turnover £ 7,000
Price £149,500

Features

Well Fitted Licenced Thai Restaurant

6 DAYS OPENING
4 STAR HYGIENE RATING

FRONTED PREMISES in the region of 1,270 ft² WITH TRI-FOLD DOORS, wood strip floor, ceiling with spot lights, Air conditioning with hot air. Bar, EPOS till. Tables and chairs providing seating for 60 People (can be expanded), CCTV system (2 cameras, 1 monitor).

Ladies' & gentlemen's plus disabled Toilet with w.c. and wash hand basin..

Kitchen, stainless steel extractor unit, Wok cooker, deep fryer (2 pan), grill, 2 fridge, 3 freezer, dishwasher (commercial), double sink and drainer, preparation table.

Walkin coldroom.

Staff Toilet with w.c. and wash hand basin.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 65% approx. (30% DELIVERIES)

Staff

The business is at present operated by 3 full time & 5 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - 3pm then 5.30pm - 10pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £33,000 p.a.

Business Rates from April 2024 £3,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2015, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote