Thai Restaurant In Swindon For Sale

Business description

Very smart well presented restaurant (109+ covers) - currently thai cuisine.
(easily changed to other types of cuisine)

Situated on a busy road serving a widespread residential area to the south of Swindon, Wiltshire.

Ground Floor:- Restaurant (approx. 860sq.ft. with seating for circa 56 covers, laminate wood strip flooring, bar with glass washer, ice machine, glass fronted beer fridge, upright glass fronted wine chiller).

Ladies Cloakroom (two w.c.’s and hand wash basin).

Kitchen at rear (8 burner wok range, griddle, 2 pan deep fat fryer, stainless steel
work table, chest freezer, double bowl stainless steel sink, separate large bowl stainless steel sink, hot cabinet, rice cooker, upright fridge, microwave, etc.).

Yard at rear with storeroom (chest freezer).

First Floor:- Gentlemen’s cloakroom facility (one w.c., two urinals, wash basin).

Restaurant area (approx. 680sq.ft. with seating for circa 53 covers, bar counter, upright glass fronted wine chiller).

Access to staff accommodation comprising small kitchenette, shower room and toilet.

Second Floor:- Two Bedsit rooms each with a washbasin (one of which contains an extra storeroom).

Basement:- Cellar (approx. 300sq.ft. currently used for storage).

The business is old established and has been in the current ownership for the past 5 years.

Currently run by the working owner and wife together with three full time and three part time members of staff (two of whom are cooks).

We are advised that Turnover is currently in the region of £120,000 per annum with Gross Profit margin circa 75%. Due to personal choice the current owners do not offer a ‘Home Delivery’ service and also choose not to open on a Sunday which obviously precludes trading on special days of the year, i.e. Mother’s Day, Father’s Day, etc. It is therefore felt that there is good potential to increase the level of trading by introducing home delivery and / or opening on Sundays.

Property information

Property:

Leasehold

Lease terms:

New Fully Repairing & Insuring Lease for a term of 20 years at a commencing rent of £26,000 per annum exclusive of rates, subject to rent reviews every 5 years.

Leasehold rent:

£26,000 per annum

Other information

Planning consent:

A3

Trading hours:

Monday to Saturday - 12.00noon to 2.30p.m. & 6.00p.m. to 11.00p.m. Closed all day Sunday.