Spacious Well Established Licensed Thai Restaurant For Sale

Business description

Service Road in front of parade with no parking restrictions

SPACIOUS RESTAURANT with laminated strip floor, ceiling with lighting plus wall lighting. Air conditioning unit. Tables and chairs providing seating for 70 persons. Dispense bar with mirror-backed shelving, sink, stainless steel double door glass fronted counter fridge (used for beers and soft drinks).

Ladies' cloakroom with 2 w.c's, 2 wash hand basins
Gentlemen's cloakroom with 2 w.c's, 2 wash hand basins

LEVEL COMMERCIAL KITCHEN with quarry tiled floor. The equipment includes stainless steel extractor unit plus stainless steel cladding to the cooking area, 5-burner Chinese cooker, gas cooker, charcoal grill, double deep fryer, 2 microwave ovens, rice cooker, 5 stainless steel tables, upright glass fronted deep freeze, ice maker, double sink and drainer, wash hand basin

Rear storeroom with 2 large chest deep freezes, walk-in coldroom

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a new 20 years from June, 2011 at a rental of £29,000 p.a. exclusive of rates for the first 4 years, with rent review at that time and thereafter every 4 years.

Uniform Business Rates: £7,000 p.a. approx.

PERSONALLY INSPECTED AND HIHGLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent main road trading position, HERTFORDSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover currently averages £5,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. We further understand that included in the turnover is a small amount of takeaway and delivery.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £70,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Saturday inclusive - 12 noon - 2.30 p.m. & 6 p.m. - 11 p.m.
Sunday opening - 12 noon - 3 p.m. & 6 p.m. 10.30 p.m.

Employees:

The Restaurant is at present operated by 1 of the partners on a full time basis with the assistance of the other partner on a part time basis. In addition 2 full time chefs plus on Friday & Saturday 2 additional kitchen staff. Restaurant area 2 full time waitresses plus 2 additional part time staff Friday & Saturday.

Other information

Financing available:

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