Thai Restaurant in Suffolk For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, Suffolk.

Turnover £ 5,000
Price £95,000

Features

Old Established Licensed Thai Restaurant

6 DAYS OPENING
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 2,125 ft² carpet, ceiling with spot lights, Air conditioning with hot air. Bar, EPOS till, Tables and chairs providing seating for 40 People..

Kitchen, stainless steel extractor unit, Gas 7-burner Cooker, hot plate, stainless steel topped fridge, plate warmer, Falcon Gas 6-burner Cooker, Grill (gas), fridges, freezers, microwave.

Ladies' & 2 gentlemen's Toilet with w.c. and wash hand basin.

Function room with seating for an additional 40 people.

3 Toilets with w.c. and wash hand basin.

Basement in the region of 400 ft² with additional seating of 20 people.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,000 p.w. with a Gross profit of 65% approx. (No deliveries)

Staff

The business is at present operated by the vendor with 4 full time staff employed.

Trading Hours

6 Day week
TUESDAY - SATURDAY 5.30 pm - 10pm
SUNDAY 5.30pm - 9pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Electric Heaters, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £420 per month . The accommodation comprises:

2 Bedrooms (1 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

Parking space for 2 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in March 2024 at a current rent of £32,820 p.a.

We further understand that the landlord, subject to satisfactory references, is prepared to grant a new lease at terms and rent to be agreed.

Business Rates from April 2023 £5,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote