Licensed Thai Restaurant in Berkshire For Sale

Situated in a parade, prominent trading position, residential, office and commercial area, BERKSHIRE

Turnover £ 4,500
Price £55,000

Features

Licensed Thai Restaurant

6 DAYS OPENING

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 550 ft², GRADE II LISTED BIULDING, Hardwood floor, plasterboard ceiling with wall and pendant lights, CCTV (4 cameras.)

Customer waiting area.

Table and chairs seating 42 customers.

BAR - Electric cash register, Coffee machine, under counter fridges, wash hand basin, etc.

REFURBISHED KITCHEN - Stainless steel extractor, 7 burner chinese cooker, deep fat fryer, 2 microwaves, heated cabinet, 2 rice cookers, under counter fridge, large single door fridge, under counter freezer, stainless steel preparation table, preparation sink, hand wash sink, etc.

Customer cloakroom with toilet and wash hans basin.

Stairs to BASEMENT comprising;

Fridge, freezer, double sink and drainer, etc

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 60% approx. (50% delivery)

Staff

The business is at present operated by the Husband & Wife team with the assistance of 4 part time staff.

Trading Hours

6 Day week
TUESDAY - SATURDAY 5.30 pm - 10 pm
SUNDAY 2 pm - 9 pm
CLOSED MONDAY

Accommodation

Located above the Landlord has a self contained flat available, if required, on a separate rental agreement.

Outside

Bin store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2023 with reviews every 4 years (next review 2027) at a current rent of £29,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, 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