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Well Established Thai Takeaway In Reading For Sale

Reading, Berkshire, UK
Asking Price:
£79,995
Sales Revenue:
£250,000
Cash Flow:
Available on request

Business
Please quote reference B06599

Hilton Smythe welcomes to the market an exciting opportunity to acquire on a leasehold basis an exceptionally well run and popular Thai takeaway business.

The business has been under the careful and meticulous ownership of our client since 2015, only now is the business being placed on the open market for sale as our client looks to take well deserved retirement from the industry.

Thai Now is a well-regarded business offering authentic Thai cuisine and gaining rave reviews online and has a reputation for freshness and quality with many repeat customers. The business currently operates its own telephone and online ordering system through its attractive website and is also active through Deliveroo.

Currently operated by the owner assisted by a full-time chef, second chef and various part time staff including 3 weekend delivery drivers.

There is scope to expand the business by -

Opening Mondays,
Opening at lunchtime
Pursuing outside catering opportunities
Expanding the delivery area to include Theale, Central Reading, and Caversham,
Signing up with Uber Eats and Just Eat.

The business is being sold on a Leasehold basis with 6 years remaining on the Lease. The rent is £1,375 per month and has small business rates relief. The rental price includes a 4-bedroom flat above the shop which could be used as accommodation by the new owner, used for storage or rented out for extra income of £1,500 a month. The business further benefits from a 5-star hygiene rating.

The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.

A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.

Location
The business is located in the middle of a small parade of shops next to Waitrose in Tilehurst, Reading, Berkshire. There is ample off-street parking for both customers and delivery drivers right outside the shop.

The shop is surrounded by a densely populated residential area including the easily accessible affluent neighbourhoods of Purley on Thames, Pangbourne, Tilehurst, Calcot and Whitchurch on Thames.

Premises
Thai Now boasts a well-presented property. There is great signage, this is clearly visible to passing trade. The large window across the front allows for a bright interior. The customer waiting area looks clean and presentable. There are two tables with chairs for waiting customers. The counter runs the length of the room and has a glass serve chiller.

Behind the counter is a great sized preparation area. This is equipped with a 2.5 m glass fronted drinks chiller, EPOS touch screen till system with printer, cash till, large extraction unit, stainless steel preparation fridge unit, two stainless steel preparation tables and a rice cooker. The kitchen is through to the rear, again this is well equipped with stainless steel fixtures and fittings.

The property further benefits from having a 4-bedroomed flat above the shop, this could be used as owners’ accommodation, storage or rented out to generate extra income for the owner.

Tenure
We are advised that the business is being sold on a Leasehold basis, with 6 years remaining on the 20 year lease. The rent is £1,375 per month.

Hours
The business hours are -

Monday – Closed
Tuesday – 17:30 – 21:00
Wednesday – 17:30 – 21:00
Thursday – 17:30 – 21:00
Friday – 17:30 – 21:30
Saturday – 17:30 – 21:30
Sunday – 17:30 – 21:00

Staff
We are advised that the business has 3 full-time and 3 part-time members of staff.

Financial Profile
We are advised that the business generates a turnover in the region of £250,000. Full financials can be made available upon further request.

Please quote reference B06599

Property Information

Property:

Leasehold

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