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Reference R7939

Thai Restaurant in North London For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, NORTH LONDON

Turnover 8,000
Price 70,000

Features

Attractive well Equipped Licensed Restaurant

At present Thai cuisine & operated as Thai cuisine since 2008, in our opinion the restaurant offers terrific potential for development in the right hands.

ATTRACTIVE SINGLE FRONTED RESTAURANT with woodstrip floor. Front section with tables & chairs providing seating for 42 persons plus rear restaurant section with tiled floor. Tables & chairs providing seating for 18 persons (ideal for private parties, if desired).

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

LEVEL KITCHEN with tiled floor, tiled walls. The equipment includes 5-burner Chinese cooker, gas grill, electric double deep fryer, 5 fridges, 3 deep freezers, double sink & drainer.

Turnover

WE ARE INFORMED the turnover averages 8,000 p.w. in our opinion offering tremendous potential for further increase in the right hands.

Staff

The restaurant is at present operated by the vendor. Staff employed kitchen area 2 chefs, 4 part time kitchen staff. Restaurant area 3 waitresses.

Trading Hours

7 evenings per week - 5 p.m. - 11 p.m.

Outside

Yard at rear with storeroom

Tenure

We understand the premises are held on a secure renewable lease for a period of 20 years from January, 2015 at a rental of 17,500 p.a. exclusive of rates up to January, 2019 with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 6,997 p.a.

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS 70,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 35,000 (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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