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Reference R9698

Licensed Thai Restaurant & Bar in West London For Sale

Licensed Thai Restaurant & Bar in West London For Sale
Licensed Thai Restaurant & Bar in West London For Sale Buy a Licensed Thai Restaurant & Bar in West London For Sale Sell a Licensed Thai Restaurant & Bar in West London For Sale Licensed Thai Restaurant & Bar in West London For Sale for Sale Licensed Thai Restaurant & Bar in West London For Sale for Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential, office and commercial area, WEST LONDON

Turnover 5,500
Price 150,000

Features

Licensed Thai Restaurant & Bar

6 DAYS OPENING

SINGLE BOW FRONTED PREMISES. Air conditioning with hot air. Laminated strip floor, wall lighting, 2 chandeliers and spot lights.

BAR - stool seating for 5 persons. Tables and Chairs for 40 people. 2 double door drinks fridges, wine chiller, spirts display racking, 1 draft beer pump, coffee machine, electronic cash register, 2 ice makers, 1 glass washer.

Stairs to the Basement

BASTMENT KITCHEN, tiled floor, tube lighting - dumb waiter to restaurant.

STAINLESS STEEL EXTRACTOR AND CANOPY, 5-burner Chinese cooker, 5 burner hob, double oven, grill, 2 under counter fridges with food preparation counter, upright fridge, 2 upright freezers, additional freezer, washing machine, stainless steel table, double sink and drainer, wash hand basin, dish wawsher.

Dry Store - fully shelved.
Cool Store with 3 freezers

Separate coakrooms Ladies (2 cubicles) and Gents (single cubicle plus urinal) wash hand basin,

Turnover

WE ARE INFORMED by the owner the turnover currently averages 5,500 p.w. with a gross profit of 60% approx.

Staff

The business is at present operated by the vendor (who is a chef) with the assistance of his wife plus 4 full time staff employed. We are informed the wage bill averages 1,500p.w. approx.

Trading Hours

6 Day week
Tuesday to Sunday inclusive 12 noon - 3 p.m & 6 p.m. - 10 p.m.
CLOSED MONDAY

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2019 with reviews every 5 years (next review 2024) at a current rent of 50,000 p.a.

Business Rates from April 2021 23,000 approx. payable (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS 150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to 75,000 (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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