Search more Thai Restaurants for sale in South London
Reference R8764

Thai Restaurant in South London 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

Turnover 15,000
Price 398,000

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 15,000 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

Monday - 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

We understand the entire premises are held on 3 separate leases. Lease number 1 having approximately 14 years unexpired at a rental of 39,000 p.a. exclusive of rates for the nest 4 years with rent to be agreed thereafter. Lease number 2 having approximately 10 years unexpired at a rental of 32,000 p.a. exclusive of rates for the next 3 years and lease number 3 having approximately 9 years unexpired at a rental of 35,000 p.a. exclusive of rates for the next 3 years with rent to be agreed thereafter.

Uniform Business Rates: 25,000 p.a. approx.

THE BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE SECURE LEASES, GOODWILL, FIXTURES & FITTINGS 398,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 199,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Search more Thai Restaurants for sale in South London

Buy a Thai Restaurant in South London For Sale on NationwideBusinesses.co.uk