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Reference R9470

Attractive Licensed Thai Restaurant in Kent For Sale

Attractive Licensed Thai Restaurant in Kent For Sale
Attractive Licensed Thai Restaurant in Kent For Sale Buy a Attractive Licensed Thai Restaurant in Kent For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, KENT

Turnover 2,500
Price 85,000

Features

Attractive Licensed Thai Restaurant (we Understand The Restaurant Has Been Closed Since The Middle of February, 2020, However Is At Present Operating As Hot Food Takeaway & Delivery, In Our Opinion The Business offers Terrific Potential In The Right Hands)

This Thai Restaurant has been in the same family for we uinderstand 30 & there are genuine reasons for sale.

Well established as Thai cuisine, which could obviously be continued, & in view of the excellent trading position, in our opinion there is potential for other types of cuisine, if desired.

ATTRACTIVE SINGLE FRONTED RESTAURANT with quality tiled floor, ceiling lighting. Air conditioning/heating unit. Tables & chairs providing seating for 40 persons (can be increased to accommodate 50 persons if desired). BAR with 1 hand pump, touchscreen till, sink glasswasher, double door glass fronted counter fridge etc.

Fully tiled ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with 7-burner Chinese cooker, 1 commercial plus 1 domestic microwave oven, 4 fridges, 1 upright grey fridge, stainless steel commercial fridge, 1 upright deep freezer, 2 chest deep freezers, fridge/freezer, double sink & drainer.

Turnover

AS STATED at present operated as Hot Food Takeaway & Delivery & we are advised that the turnover is in the region of 2,500/3,000 p.w. in our opinion there is tremendous potential for development of this business, subject to reintroducing the restaurant area when the restrictions are lifted.

Accommodation

The SPACIOUS accommodation in the form of a SELF CONTAINED MAISONETTE over with FULL GAS FIRED CENTRAL HEATING, comprises:

First Floor
Kitchen
Large Lounge (currently used as a bedroom)
Bathroom with bath, w.c. & wash hand basin

Second Floor
3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. & wash hand basin

(It should be noted that 1 of the rooms is at present let on a shorthold tenancy & provides a rental income of 500 per month). It will be appreciated upon inspection that the accommodation could be used for private use or indeed for sub-letting on shorthold tenancies, if desired.

Outside

Parking for 3 cars

Tenure

We understand the premises are held on a secure renewable full repairing and insuring lease, the present lease having approximately 18 years unexpired at a rental of 22,000 p.a. exclusive of rates for the next 2 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: Nil payable at present after small business relief

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL FITTED LICENSED RESTAURANT COMBINED WITH LIVING ACCOMMODATION IN THIS EXCELLENT TRADING POSITION

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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