Well established Thai Restaurant in South London For Sale

Situated in a parade, residential area, just off the High Road, SW LONDON

Turnover £ 4,000
Price £58,000

Features

Thai Restaurant & Takeaway (un-licenced)

6 DAYS OPENING
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 700 ft² WITH ELECTRIC SHUTTERS, laminated strip floor, suspended ceiling with spot lights, sales counter, cash register. Tables and chairs providing seating for 15 People.

Toilet with w.c. and wash hand basin.

Open plan kitchen area, stainless steel extractor unit, Chinese Cooker (5-burner), 2 x microwave, 2 x Deep fryer, 3 preparation tables, 3 large fridge, 1 large freezer.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 65% approx. (60% DELIVERIES)

Staff

The business is at present operated by the vendor with 3 full time staff employed.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - 10pm

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 2018 with reviews every 4 years (next review 2026) at a current rent of £22,000 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £58,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 29,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote