Thai Restaurant & Takeaway in Hornchurch For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, close to station, ESSEX HORNCHURCH

Turnover £ 3,000
Price £66,000

Features

Thai Restaurant & Takeaway

FORECOURT TO FRONT

Ample customers' car parking as there are no parking restrictions in front of shop from 6pm.

6 DAYS OPENING

DOUBLE FRONTED PREMISES in the region of 1,025 ft² with ELECTRIC SHUTTERS. Wood strip floor, ceiling with spotlights. Tables and chairs providing seating for 30 persons. BAR. EPOS till, glass fronted drinks display fridge, freezer. CCTV system (4 cameras).

KITCHEN. Stainless steel extractor unit, 7-burner Chinese cooker, 6-burner gas cooker, 2-pan deep fryer, grill, microwave, 2 fridges, 2 freezers, fridge/freezer, glass fronted wine cooler, sink and drainer.

Toilet with w.c. and wash hand basin

Stockroom

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. with a gross profit of 65% approx. (40% DELIVERIES)

Staff

The business is at present operated by the vendor with 3 full time & 4 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 5.30 p.m - 10 p.m

Outside

Rear yard.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE 10 years lease from a private landlord having 9½ years unexpired with 5 yearly reviews at a current rent of £16,500

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £66,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 33,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote