Back to Business List

Viewing is only via appointment contact Nationwide Businesses on 020 8763 1777.

Situated end of parade, sought after position, not far from the Promenade, GLOUCESTERSHIRE, centre of the Cotswolds. (Please register to make appointments and view addresses)

Outstanding opportunity to acquire a quality licensed restaurant at present Thai cuisine, which could obviously be continued, and in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS RESTAURANT with oak strip floor and well appointed including tables and chairs providing seating for 50 persons. Bar/Reception area with seating for approx. 10 persons.

Large basement kitchen, with industrial non-slip floor. Dumb waiter to ground floor restaurant. The kitchen is well equipped including 5-burner Chinese cooker, 6-burner stainless steel gas cooker with oven, stainless steel extractor unit, charcoal grill, stainless steel tables, commercial dishwasher, upright fridge, upright deep freeze, upright glass-fronted drinks fridge, single sink and drainer, wash hand basin, chest deep freeze, walk-in coldroom etc.

Office

Ladies' Cloakroom with 2 w.c.'s and wash hand basin.
Gentlemen's Cloakroom with urinal, w.c. and wash hand basin.

WE ARE INFORMED the turnover averages in the region of £3,700 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit 69% approx.

The Restaurant is at present operated by the owner with the assistance of 6 full time staff.

Lunchtime - Monday - Saturday inclusive - 12 noon - 2.30 p.m.
Evenings - Monday - Saturday inclusive - 6.30 p.m. - 11 p.m.
Sunday - evenings only - 6 p.m. - 10 p.m.

We understand that subject to satisfactory references the landlord is preparedt to grant a new 5/10 years lease at an initial rental of £15,000 p.a. exclusive of rates, with rent revisions every 3 years.

Uniform Business Rates: £4,500 p.a. approx. + water rates.

RECOMMENDED FOR EARLY INSPECTION

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £60,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT