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Reference R8911

Thai Restaurant in West London For Sale

Register to see map and to make an appointment Situated in a parade, excellent main road trading position, residential & office area, WEST LONDON

Turnover 6,500
Price 155,000

Features

Attractive Licensed Restaurant

Established as Thai cuisin approximately 11 years ago which could obviously be continued & in our opinion there is potential for other types of cuisine, if desired.

Front area with space for 2 tables & 4 chairs

ATTRACTIVE DOUBLE FRONTED RESTAURANT with quality woodstrip floor, ceiling with inset lighting plus 1 chandelier & wall lighting. Reception bar with 2 single door glass fronted counter fridges. Tables & chairs providing seating for 45 persons. Rear counter servery area

Ladies' & gentlemen's cloakrooms each with w.c. & wash hand basin

LEVEL KITCHEN with quarry tiled floor, stainless steel extractor, 5-burner Chinese cooker, single gas burner, 2 stainless steel fridges, 4 under-counter deep freezers, 1 chest deep freezer, 2 commercial microwave ovens.

Turnover

WE ARE INFORMED the turnover is in the region of 6,500/7,000 p.w. in our opinion offering further potential to increase in the right hands (included in the turnover is approximately 1,000 p.w. deliveries including own deliveries, online Deliveroo, Just Eat & Uber Eats.

Staff

The restaurant is at present operated by 2 partners with the assistance of 2 full time chefs, 2 part time waitresses plus 1 part time driver for deliveries.

Trading Hours

Monday - Friday inclusive - 12 noon - 3 p.m. & 5.30 p.m. - 10.30 p.m.
Saturday & Sunday opening - evenings only - 5.30 p.m. - 10.30 p.m.

Outside

Shared small yard

Tenure

We understand the premises are held on a new 20 years full repairing and insuring lease at a rental of 20,000 p.a. exclusive of rates for the first 4 years with rent review at that time and thereafter every 4 years.

Uniform Business Rates: 7,774.17 p.a.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Price

TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS 155,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to 77,500 (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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