Leasehold Thai Restaurant Located In Warwick

Leasehold Thai Restaurant Located In Warwick
Prominent Town Centre Location
Licensed
Ref 2908

Location
This respected Thai Restaurant is located in the historic town of Warwick which is one of Warwickshire’s popular tourist hotspots. It’s situated within a prominent and highly visible trading position on Market place and is opposite J D Wetherspoons and the Tilted Wig public house. Nearby is Warwick Castle and offers large retailers to include Greggs, Savers and Lloyds bank which bring high levels of footfall to the area.

Leasehold Asking Price: £44,950 plus SAV (£2,000)

Business Description
Veritas Business Sales are delighted to offer for sale this well established Thai Restaurant which is located in Warwick. The business has been established in 1996 and has been in the careful hands of our clients since 1998. They are now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership they have kept the grade II property in good repair and the equipment along with the fixtures & fittings which are all bought and paid for are included within the sale price. Totally Thai is owner operated with the help of 2 full time members of staff and has an average weekly turnover of £3,000-£3,500. Most of the trade is sit down trade in the restaurant with approximately £20,000 per annum deriving from deliveries from their own website. They offer authentic North Eastern Thai dishes and are fully licensed.
We believe that there is further potential to increase trade by expanding upon the current opening times and by joining the online delivery portals such as Just Eat, Deliveroo and Uber eats. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade along with many visiting tourists. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday – Saturday – 5:00am – 10:00pm
Sunday – closed

Leasehold
Original term: 10 years
Remaining: 5 ½ years
Rent: £15,500 pa
Rates: £1,960 pa

Ground Floor
Restaurant comprising: tables & chairs to cover (46), air- conditioning unit, bar area with optics, kettle, 2 door undercounter drinks fridge, cutlery area, wall mounted paper towel dispenser and cloak cupboard with shelving.
Storeroom.
Gents W/C with wash basin, wall mounted soap dispenser and wall mounted paper towel dispenser.
Ladies W/C with wash basin, wall mounted soap dispenser and wall mounted paper towel dispenser.
Commercial kitchen comprising: 2 x chest freezers, upright wine fridge, wall mounted cupboards, wall mounted shelf, griddle, hot cupboard (Victor), stainless steel sink, wall mounted soap dispenser, wall mounted paper towel dispenser, de-greaser, stainless steel double sink, 3 x wall mounted metal shelves, dual deep fat fryer (Lincat), 5 x burner wok cooker, extraction canopy, stainless steel table, commercial microwave (Panasonic), commercial microwave (Samsung), 2 x rice cookers, undercounter fridge, upright fridge (Foster), upright fridge and base kitchen units.

Cellar (Below ground)
Dry stores with shelving and storage racking.
Hallway with electric metre.
Storeroom with 3 x chest freezers, metal trolley, old walk-in cold room (not working) and gas metre cupboard. Hallway with stainless steel 2 door fridge (Foster).
Bin room with rear exit door.