Licensed Thai Restaurant in Hampshire For Sale

Situated in a Parade, excellent main road trading position, residential and commercial area, HAMPSHIRE

Turnover £ 4,500
Price £89,500

Features

Well Established Licensed Thai Restaurant


5 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES, in the region of 1,900 ft², CCTV (4 cameras), Laminate flooring, palsterboard ceiling with wall and pendant lighting.

Tables and chairs for 70 peeople.

Bar - Touch screen cash register. Under counter fridges, glass washer, wash hand basin.

SEPERATE KITCHEN - Stainless steel extractor, 3 wok cooking burner, hob with 5 burners, oven, rice cooker, heated cabinet, plate warmer, 3 microwaves, 3 fridges, upright freezer, chest freezer, under counter fridge, double sink and drainer, ice manker, wash hand basin, stainless steel tables, etc.

Staff toilet with wash hand basin.

2 Store rooms.

First floor;

Ladies cloakroom with toilet and wash hand basin

Gents cloakroom with toilet and wash hand basin

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. - £5,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the lady vendor her partner - 2 chefs, 2 waitresses.

Trading Hours

WEDNESDAY - THURSDAY 5.30 p.m. - 9 p.m.
FRIDAY & SATURDAY 5.30 p.m. - 10.30 p.m.

There is demand and potential for further hours.

Outside

Bin store.

Tenure

The vendor owns the Leasehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE granted for 5 years with reviews every 3 years at a rent of £30,000 p.a. for the first 3 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £89,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 44,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote