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Reference R8764

Thai Restaurant in Croydon For Sale

Register to see map and to make an appointment Situated in a parade, excellent trading position, SOUTH EAST LONDON not far from CROYDON, SURREY CROYDON

Turnover £ 6,000
Price £220,000

Features

Spacious Licensed Restaurant

Established as Thai cuisine, which can obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

SPACIOUS RESTAURANT with laminated strip floor, ceiling plus wall lighting. Tables & chairs providing seating for 100 persons. BAR.

ADJOINING KITCHEN with stainless steel extractor. Fully equipped including 8-burner gas cooker, 2 gas deep fryers, 2 microwave ovens, single sink, 14 fridges/deep freezers (a number of which are in the basement preparation kitchen)

Stairs to basement with PREPARATION KITCHEN 5-burner Chinese cooker, stainless steel tables

FIRST FLOOR Ladies' & gentlemen's cloakrooms

Turnover

WE ARE INFORMED the turnover averages in the region of £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Included in the turnover is some takeaway plus Deliveroo is used for deliveries.

Staff

The restaurant is at present operated by 1 of the partners with in the kitchen area 3 chefs plus 3 kitchen staff. Restaurant area 3 full time waitresses plus 7 part time waiters/waitresses.

Trading Hours

Tuesday - Thursday inclusive - 12 noon - 3 p.m. & 5 p.m. - 11 p.m.
Friday, Saturday & Sunday opening at 11 a.m. - 11 p.m.

Accommodation

The SPACIOUS living accommodation with FULL GAS FIRED CENTRAL HEATING comprises:

1 Large Double, 12 additional double bedrooms, 3 single rooms
In addition there are 3 shower rooms each with shower, w.c. & wash hand basin

Part of the accommodation is currently utilized by staff with 7 of the rooms let & producing a rental income of £120 per week each providing a current rental for the 7 rooms of £840 per week.

On the first floor there are 2 additional rooms. 1 used as an office and the other used at present as a staff room

Outside

Parking for 2 cars

Tenure

The private landlord subject to satisfactory references are prepared to grant a new 15 years full repairing and insuring lease with rent reviews every 5 years at a starting rent of £100,000 p.a. for the first 5 years.

Business Rates from April 2023 £6,680 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2012 AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS £220,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 110,000 (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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