Attractive And Well Fitted Licensed Restaurant For Sale

Business description

Established as Thai cuisine in August, 2008 previously operated as Italian Restaurant, in our opinion the Restaurant offers potential for a number of other types of cuisine, if desired.

Parking in front of parade restricted to 2 hours during the day. No evening restrictions.
In addition, there are two Free Parking shoppers' car park nearby.

SPACIOUS DOUBLE FRONTED RESTAURANT with front area, parquet floor, rear bar section with quality tiled floor, ceiling lighting. Air conditioning. Full Gas Fired Central Heating. Tables and chairs providing seating for 40 persons. BAR 2 glass fronted double door counter fridges, 1 upright glass fronted drinks fridge, wine racks, 2 group coffee machine.

Fully tiled ladies'/disable cloakroom with w.c. and wash hand basin
Fully tiled gentlemen's cloakroom with w.c. and wash hand basin

LEVEL KITCHEN fully equipped including glasswasher, ice machine, sink and drainer, 2 plate warmer cupboards, 2 small upright deep freezers, double deep fryer, commercial microwave oven, charcoal grill, 6-burner gas cooker plus 1 4-burner gas cooker (not used at present), 2 microwave ovens, 2-door stainless steel counter fridge, 5-burner Chinese cooker, stainless steel tables.

Wash-up area with fridge/freezer, upright stainless steel fridge, double sink and drainer, dishwasher.

Staff cloakroom with w.c. and wash hand basin

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease from a private landlord for a period of 10 years from July, 2008 at a rental of £15,000 p.a. exclusive of rates up to July, 2012, with rent to be agreed thereafter.

Uniform Business Rates: £1,059 p.a. (after small business relief)

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Living accommodation:

The accommodation in the form of a Two-bedroom FLAT on the first floor with FULL GAS FIRED CENTRAL HEATING, comprises: 2 small double bedrooms Shower room, w.c. and wash hand basin Open plan living room with fitted kitchen area

Location:

Situated in a parade of shops, excellent trading position. Close to Tesco Express, HAMPSHIRE.

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages a steady weekly taking of approximately £3,500 throughout the year, although we understand that this increases during the peak summer months to around £5,000 a week including a small portion of turnover from Takeaway. In our opinion there is tremendous potential to introduce hot food deliveries, if desired. Gross profit 68% approx.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £49,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

Monday - Thursday inclusive - 5 p.m. - 10.30 p.m.
Friday & Saturday - 5 p.m. - 11 p.m. (last orders)
Sunday opening - April to end of October - evenings - 5 p.m. - 10.30 p.m.
The Restaurant closes all day on Sunday from November - March each year

Employees:

The business is a family run concern operated by the vendor, with the assistance of his partner, together with his brother plus a sister part time and 1 part time chef.

Other information

Financing available:

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