F/h Thai Restaurant With 50 Covers F/h £155,000 Or L/h £40,000 Staffordshire | | Undisclosed Staffordshire | | STAFFORDSHIRE F/H THAI RESTAURANT -50 COVERS Main Road Location Fully equipped kitchen - A/T: £60,000 GP: 70% Scope to offer take aways & lunchtime openings F/H £155,000 + SAV OR L/H: £40,000 +SAV REF: 9363DE | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 37659
ADVERT IMPRESSIONS : 31,217 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | FREEHOLD: | £155000 | LEASEHOLD: | £40000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The restaurant has a high visibility main arterial road location of a market town in Staffordshire. Nearby businesses include a public house, post office, railway station, Wickes, B&Q and Sainsbury who all contribute in attracting good footfall levels to the area. Parking is free of charge on street after 6pm and one hour time limited prior.
Nearby towns include Derby, Lichfield, Burton on Trent and Ashby de la Zouch.
THE BUSINESS
Advent Business Sales is pleased to have been instructed to offer to the market this very well established and popular Thai restaurant.
Founded by our clients over 7 years ago, the restaurant is only now being reluctantly offered for sale as they wish to reduce the hours they currently work.
The restaurant has an excellent local reputation for quality food at a reasonable price and offers a large and varied menu, which is all freshly prepared as well as a full range of alcoholic drinks.
The restaurant has approximately 50 covers arranged in a long rectangular shape and the premises are in very good decorative order throughout with a new owner having nothing to do on takeover.
The business has 2 full time employees as well as 3 part time, who work on an as and when required basis. They currently achieve annual sales of circa £60,000 with most customers coming from within a 10 mile radius.
The restaurant does only minimal advertising with most new diners coming from personal recommendation and word of mouth.
We are advised that stock at cost is approximately £3,000.
The restaurant has a fully equipped commercial kitchen which includes:
5 burner wok cooker
4 microwaves 3 domestic, 1 commercial
Double door stainless steel fridge
Single door stainless steel freezer
Under counter freezer
Stainless steel prep tables
Extractor fan
Hot cupboard
REF: 9363DE
TRADING HOURS
Mon: closed
Tues Thurs: 6pm 11pm
Fri Sat: 12.30 2.30pm &
6pm 11pm
EXPANSION POTENTIAL
Our clients clearly operate a successful restaurant. It does however; still offer excellent scope to increase both sales and profits by:
1. Opening on Sundays and Mondays and during lunchtimes
2. Offering a takeaway service
3. Advertising in particular leaflet drops
FINANCIAL INFORMATION
We have been advised by the vendor of the following:
Annual sales: £60,000
Gross Profit: 70%
Accounts will be made available to interested parties after a viewing has taken place.
Please let us know if you require finance for the purchase of a business.
BUSINESS PREMISES
Ground Floor
Entry from pavement into restaurant, which has a corner position, via a half glazed door
50 cover rectangular shaped premises with 2 air conditioning ceiling fans, wall lights
Counter and till at rear with coffee machine, single door wine chiller, wine rack, double door chiller
Toilets
Rear commercial kitchen with back exit
Stairs to first floor accommodation
First Floor
3 double bedrooms
Living room
Rear store room
Shower room with w/c and sink
The premises also benefit from upvc double glazing to the first floor and with being alarmed
TENURE: Freehold or leasehold Terms to be negotiated
We are advised that the annual business rates are currently: £2969 | | | | | | FOR SALE | | | | | REFERENCE: | 9363DE / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
