Licenced Thai Restaurant in Bedfordshire For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, charming market town Bedfordshire.

Turnover £ 15,500
Price £139,500

Features

Old Established Licenced Thai Restaurant

6 DAYS OPENING
5 STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES in the region of 1,650 ft² with carpet tiled floor, spot lights, Air conditioning with hot air. Bar, cash register. Tables and chairs providing seating for 72 People, CCTV system (16 cameras, 2 monitor).

Kitchen with stainless steel extractor unit, Chinese Cooker (9-burner), charcoal grill, 2 x deep fryer (2 pan), 3 commercial microwaves, 2x double sink and drainer, 3 fridges, 2 freezer, etc.

Stock room, Large double door fridge, fridge, 4 freezers, ice cream freezer.

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

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £15,000 - £16,000 p.w. with a Gross profit of 65% approx. (35% PORTAL SALES)

Staff

The business is at present operated by the Husband & Wife team with 8 full time & 6 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - 2.30pm then 5.30pm - 10.30pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Storage Heaters, at present let used by staff. The accommodation comprises:

4 Bedrooms (2 double, 1 Single).
Lounge.
Shower room with shower, w.c. and wash hand basin.
NO KITCHEN

Outside

Rear yard with service road

Tenure

The private landlord subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 15 years full repairing and insuring lease with rent reviews every 4 years at a rent of £50,000 p.a. for the first 4 years.

Business Rates from April 2025 £5,550 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1998, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £139,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 69,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote