Licensed Thai Restaurant in South London For Sale

Situated in a parade, busy road, SE LONDON

Turnover £ 4,000
Price £79,500

Features

Immaculately Decorated & well Equipped Licensed Thai Restaurant

6 DAYS OPENING

SINGLE FRONTED PREMISES, in the region of 650 sq ft, with quality tiled floor, dimmable LED lighting.

Tables & chairs providing seating for 35 persons.

Bar, electric cash register, under counter fridges, shelving, wash hand basin.
Unisex cloakroom with toilet & wash basin

Door to KITCHEN, new industrial non slip lino floor, stainless steel extractor, Chinese hob with 3 wok capacity, rice cooker, microwave, deep fat fryer, triple door fridge with stainless steel top, 2 chest freezers, double sink with drainer, stainless steel preparation table, wash hand basin, etc

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with the assistance of 4 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 12 noon - 3pm 5pm - 10 pm
CLOSED MONDAY

Outside

Yard at rear with storeshed.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £20,000 p.a.

Business Rates from April 2023 £1,200 approx. after small business relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, FIXTURES & FITTINGS £79,500
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 39,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote