Attractive Licensed Thai Restaurant In West London For Sale

Business description

ATTRACTIVE SINGLE FRONTED RESTAURANT with woodstrip floor, wall lighting. Tables and chairs providing seating for 40 persons. Dispense bar.

Ground floor ladies' and gentlemen's cloakrooms each with w.c. and wash hand basin

BASEMENT FUNCTION ROOM with wooden floor. Tables and chairs providing seating for an additional 25 persons.

KITCHEN fully equipped including 6-burner gas cooker, double deep fryer, chargrill, pasta boiler, 3 stainless steel fridges, 3 chest deep freezes, double sink and drainer, wash hand basin etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 12 years unexpired at a rental of £29,700 p.a. exclusive of rates up to April, 2013, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £9,000 p.a. approx.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a parade of shops, LONDON, W

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £3,200/£3,400 p.w. in our opinion offering further potential to increase in the right hands. Gross profit 60% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £48,950 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 3 p.m. & 5 p.m. - 11.30 p.m. seven days per week

Employees:

The business is at present operated by the vendor with the assistance of 4 part time in the restaurant area. Kitchen area 1 full time chef, 1 part time chef plus 1 part time washer-up.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance