Thai Restaurant in South London For Sale

Situated in a parade, excellent trading position, residential, office and commercial area, near station, SE LONDON

Turnover £ 4,750
Price £75,000

Features

Licensed Thai Restaurant

6 DAYS OPENING

4 STAR HYGIENE RATING

DOUBLE FRONTED PREMISES with ELECTRIC SHUTTERS in the region of 575 ft². CCTV (4 cameras). Air conditioning. Laminate (wood effect) flooring, spotlights. Tables and chairs seating 30 persons. BAR area, cash Register, sink.

KITCHEN. Stainless steel extactor, 5 burner chinese wok hob, rice cooker, single basket deep fat fryer, oven, 3 chest freezers, 2 under-counter fridges, full height fridge, double sink and drainer, 2 stainless steel preparation tables,

Ladies' clookroom with toilet and sink

Gentlemen's cloakroom with toilet and sink

Store room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,750 p.w. with a gross profit of 65% approx.

Staff

The business is at present operated by a husband & wife team with 2 full time staff plus the assistance of 2 part time staff. We are informed the wage bill averages £1,000 p.w. approx.

Trading Hours

6 Day week
TUESDAY- SUNDAY 5.30 p.m - 10.30 p.m

Accommodation

THE SELF CONTAINED ACCOMMODATION entrance via door to the rear of the shop to FLAT, comprising:

Fitted kitchen / diner
2 double bedrooms
Bathroom with bath, sink and toilet.

Tenure

The vendors own the Freehold and subject to satisfactory references are prepared to grant a new 12 years full repairing and lease, 3 yearly reviews (next review 2026) at a rent of £39,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2001

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote