Thai Restaurant in Kent For Sale

Situated in a parade, excellent trading position, sought after residential area KENT

Turnover £ 8,500
Price £100,000

Features

Old Established Thai Restaurant

4 STAR HYGIENE RATING

At present Thai cuisine, which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

ATTRACTIVE RESTAURANT in the region of 1,100 ft² with Amtico floor, ceiling lighting. 1 air conditioning/heating unit. Attractive brickwork to 1 wall. Tables & chairs providing seating for 44 persons. Dispence bar with 3-door glass fronted counter fridge, 2 computerised tills, sink etc.

LEVEL KITCHEN with tiled floor, tiled walls, stainless steel extractor system, 4-burner gas cooker, 1 charcoal grill, double deep fryer, 7-burner gas Chinese cooker, upright stainless steel fridge, upright stainless steel deep freezer, 2-door stainless steel counter fridge, double sink & drainer, single sink etc.

Large basement in the region of 400 ft² - ideal for storage purposes.

Turnover

WE ARE INFORMED the turnover averages £8,500 p.w. in our opinion offering further potential to increase in the right hands. Included in the turnover is takeaway & delivery. The business has an agreement with Deliveroo & Uber Eats & we understand the deliveries amount to £3,000 p.w. at present.

Staff

The business is at present operated by the lady vendor with 2 full time chefs, 1 front of house with the assistance of 3 part time staff.

Trading Hours

Monday - 5 p.m. - 11 p.m.
Tuesday - Thursday inclusive - 1 p.m. - 4pm then 6pm - 11 p.m.
Friday & Saturday - 1 p.m. - 11 p.m.
CLOSED SUNDAY

Outside

Yard at rear. In our opinion there is potential to extend the property at the rear, subject to the necessary planning permission.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a sub lease (private landlord) granted for 20 years in 2020 with reviews every 5 years (next review 2030) at a current rent of £30,000 p.a.

Business Rates from April 2025 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £100,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 50,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote