| (REF: R1934) Spacious Well Fitted Licensed Thai Restaurant |
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| Seller Reference: |
R1934 |
| B4S Reference: |
21751 |
| Asking Price: |
£50,000
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| Net Profit: |
Undisclosed |
| Sales Revenue: |
£338,000 |
| Number of Staff: |
Send enquiry for more details. |
| Established For: |
Send enquiry for more details. |
| Ownership: |
Leasehold |
| Location: |
East London, London, United Kingdom |
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Nationwide are pleased to offer to the market : Car park for office/shopping centre for 30/40 cars
This well established Thai Restaurant is situated in a sought after position close to a canal and with the Restaurant overlooking a park.
SPACIOUS RESTAURANT with laminated strip floor, ceiling with attractiving hanging lighting plus down lighting. Tables and chairs providing seating for 65 persons. Bar, 3 glass fronted double door counter fridges, glasswasher, sink.
Ladies and gentlemens cloakrooms
Catering kitchen with tiled floor, stainless steel cladding to walls, stainless steel extractor, 8-burner Chinese cooker, 1 charcoal grill, double deep fryer, plate warmer, upright stainless steel deep freeze, 2 upright stainless steel single door fridges, 2 door stainless steel counter fridge, chest deep freeze, dishwasher, double sink and drainer, wash hand basin, stainless steel table, ice cream deep freeze.
Stockroom with 2 chest deep freezes, upright fridge freezer
WE ARE INFORMED the turnover averages £6,500 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 65% approx.
We understand the premises are held on a secure renewable lease from a Property Company, the present lease having approximately 5.5 years unexpired at a rental of £23,600 p.a. exclusive of rates for the next 1 years, with rent to be agreed thereafter. We further understand that there is a service charge currently of approximately £3,000 p.a. (We understand the service charge includes security and the disposal of rubbish).
Uniform Business Rates: £14,000 p.a. approx.
EPC GRADE F (136)
THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 8 YEARS AND THERE ARE GENUINE REASONS FOR SALE.
PERSONALLY INSPECTED AND HIGHLY RECOMMENDED
MUST BE SEEN TO BE FULLY APPRECIATED
TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £50,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT
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Property: |
Leasehold |
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Living Accommodation: |
No |
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Location: |
Situated in an attractive small shopping/office and residential area, with new flats being built nearby, LONDON, E |
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Is this a home-based business? |
No |
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Can this business be relocated? |
No |
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Is this business part of a franchise? |
No |
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Monday - Saturday inclusive - 12 noon - 3 p.m. & 6 p.m. - 11 p.m.
Sunday opening - 12 noon - 11 p.m. (on Sunday there is a buffet available at £8 per head from 12 noon - 5 p.m). |
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The Restaurant is at present operated under management. Staff employed 1 full time manager. Restaurant area 4 part time waiters/waitresses. Kitchen area 2 full time chefs plus 2 full time kitchen staff. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced. |
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