Old Established Thai Restaurant In Greater London For Sale

Description

Established in the 1960s, the premises include access to a basement and measure approximately 1,050 sq ft. The front area features a bar, cash register, parquet flooring, and spot lighting, with tables and chairs providing seating for up to 50 customers. The kitchen is fitted with a stainless steel extractor unit, Chinese five-burner cooker, deep fryer, two microwaves, freezer, refrigerator, and stainless steel preparation tables. Ladies’ and gentlemen’s toilets are provided with WC and wash hand basin. To the rear is a covered yard housing additional refrigerators and freezers, along with five separate storage rooms, and a staff toilet located within the rear yard. Location: situated within a parade in an excellent main road trading position, serving a residential, office, and commercial area of West London. Turnover: we are informed by the owner that current takings average £8,000 per week, with an approximate gross profit margin of 65%, including around 30% from online sales. Staffing: the business is presently operated by a husband and wife team, supported by three full-time and three part-time members of staff. Price: to include the secure renewable lease, goodwill, fixtures and fittings at £175,000, plus stock at valuation. Substantial loan available to an approved applicant.