Popular Thai Restaurant In Islington | | Islington London | | Thai restaurant Islington, London T/O: £156,000 GP: 60% Scope to increase turnover Loyal customer base Established business Well-equipped | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61865
ADVERT IMPRESSIONS : 7,506 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Thai Restaurants | | SALE: | Agent Sale | LEASEHOLD: | £47500 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
RRC Thai Café occupies substantial ground floor lock-up corner premises ideally located in the borough of Islington, London. The premises benefit from ample on-street parking in the vicinity and are surrounded by a variety of complementary shops and businesses. There are a number of bus routes serving the area and the tube and railway stations are within easy walking distance. The business boasts easy access to the A-road network and the M1 motorway is less than 6 miles away. Islington is a popular residential and industrial area of London. Camden lies approximately 3 miles away and the City of London is less than 5 miles to the south.
Business History
Preferred Commercial is delighted to offer for sale this popular Thai restaurant, which was established by our client in 2006. The business is only now offered to the market due to our client's other business interests. The premises are well-equipped to suit the trade with a spacious restaurant area with tables and chairs for up to 55 covers and a large commercial kitchen. The business has an excellent reputation and receives much repeat trade and word of mouth recommendations. The restaurant benefits from being surrounded by a number of residential areas. Our client currently offers a variety of high quality Thai lunch and evening menus, along with a delivery service. There is a business website in place advertising the services offered with online booking facilities. The business trades 7 days a week and generates a turnover in the region of £156,000 per annum with a gross profit of 60%. We feel this could be further increased by establishing a simple marketing campaign to generate more custom. This is an ideal opportunity to acquire an already popular Thai restaurant with huge scope for future development. Early negotiations with Preferred Commercial must come highly recommended.
Financial Details
T/O: £156,000 approx.
GP: 60%
Opening Hours
Mon - Sun: 12:00pm to 3:00pm and 6:00pm to 11:00pm
Accommodation Details
Substantial ground floor lock-up restaurant premises in a prominet corner position. Briefly comprising:
Ground Floor
• Restaurant area with wood flooring, large serving area, coffee machine, tables and chairs for up to 55 covers and card machine
• Unisex WC with wash hand basin
• Disabled WC with wash hand basin
• Commercial kitchen with 2 x deep fat fryers, 3 x microwave ovens, freezer, refrigerator, 6-burner oven, 2 x double sink units and extractor
Tenure
Original length:15 years
Remaining: 10 years
Review: every 5 years
Rent: £22,000 per annum | | | | | | FOR SALE | | | | | REFERENCE: | 2376 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
