Thai Restaurant in South London For Sale

Situated in a parade, excellent main road trading position, residential and commercial area, SW LONDON.

Turnover £ 6,000
Price £75,000

Features

Thai Restaurant (un-licenced)

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 820 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with spot and hanging lighting, sales counter, cash register. Tables and chairs providing seating for 24 People (can be expanded).

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

Kitchen with stainless steel extractor unit, Chinese Cooker (5-burner), work top deep fryer (2 pan), 3 x microwaves, stainless steel preparation tables, freezers, freezers, etc..

Walkin coldroom.

Stock room.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £6,000 p.w. with a Gross profit of 65% approx. (70 % DELIVERIES)

Staff

The business is at present operated by the vendor (part time) with 1 full time staff & 2 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - 10.30pm

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 2014 with reviews every 4 years (next review 2026) at a current rent of £21,000 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 £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