Old Established Thai Restaurant in West London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, WEST LONDON

Turnover £ 8,000
Price £195,000

Features

Old Established Thai Restaurant

ESTABLISED 1960's

DOOR TO BASEMENT PREMISES in the region of 1,050 ft². Bar, cash register, parquet flooring, spot lights. Tables and chairs providing seating for 50 People.

Kitchen with stainless steel extractor unit, Chinese Cooker (5-burner), Deep fryer, 2s microwave, freezer, fridge, stainless steel preparation tables

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Rear Covered yard with fridges, freezers and 5 additional storage rooms.

Staff Toilet in the rear yard.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a Gross profit of 65% approx. (30% ONLINE SALES)

Staff

The business is at present operated by the Husband & Wife team with 3 full time & 3 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 12 noon - 3.30pm then 5.30 pm - 11pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £40,000 p.a.

Business Rates from April 2025 £4,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1997, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote