Licensed Thai Restaurant in Middlesex For Sale

Situated in a parade, excellent trading position, MIDDLESEX.

Turnover £ 5,500
Price £75,000

Features

Licensed Thai Restaurant

6 DAYS OPENING
PREMISES in the region of 1,114 ft²

5 STAR HYGIENE RATING

DOUBLE FRONTED AIR-LIC ENSED PREMISES, in the region of 1,100 ft², Carpeted flooring, suspendeed ceiling with spotlights, CCTV (7 cameras) customer waiting area.

Tables and chairs seating 40 people.

BAR with electric cash register. Under counter fridges, glass washer, wash hand basin, ice freezer, coffee machine.

SEPARATE KITCHEN - Stainless steel extractor, 4 burner hob, oven, rice cooker, double baskit, deep fat fryer, hot cabinet, grill, microwave, under counter fridge, single door fridge, 2 chest freezers, dishwasher, double sink and drainer, stainless steel preparation table, etc.

Ladies cloakroom with toilet and wash hand basin.
Gentleman's cloakroom with toilet and wash hand basin.

Dry store.

Secure liquor store room.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. - £6,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the Husband & Wife team with 1 full time staff and 3 part time staff.

We are informed the wage bill averages £15,000p.w. approx.

Trading Hours

6 Day week
TUESDAY - FRIDAY 12 noon 3 p.m. 6 p.m. - 10 pm
MONDAY, SATURDAY 6 p.m. - 10 pm

CLOSED SUNDAY

Outside

Parking for 1 vehicle.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2019 with reviews every 5 years (next review 2029) at a current rent of £26,000 p.a.

Business Rates from April 2025 £5,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2014, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote