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SOLD OR WITHDRAWN FROM THE MARKET
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Recently Closed Thai Noodle Bar In Stevenage

Stevenage, Hertfordshire
Leasehold Price:
£60,000
Status
SOLD / WITHDRAWN
Advert ID
230481
Reference
6532 / Rightbiz
    Immaculately Refurbished In 2017

    Prime High Street Trading Location

    Customer Seating For 15

    Brand New Fixtures & Fittings

    Five Star Food Hygiene Rating

    EPC - D

Description:
REF 6532 – Recently Closed Thai Noodle Bar
Blacks Business Brokers are pleased to bring to the market this Recently Closed Thai Noodle Bar located in a busy and popular area of Stevenage, Hertfordshire.

INTRODUCTION
It was established by our client in 2017 as there were no other Thai eateries in this area. Our client completed a thorough refurbishment before opening and all fixtures fittings and equipment are brand new as of 2017. The business gained an excellent reputation, large customer base and good online following with excellent ratings noted on Google, Trip Advisor and Just Eat. There was no alcohol licence in place but this is something a new owner could look to explore. The lease includes this previous business space in addition to a second (currently empty) shop which is positioned to the rear of this building.

LOCATION
The business occupies a prime location at the centre of Stevenage high street. This area is packed with other local businesses and shops as well as large multiples including Waitrose. Stevenage is well linked by the A1(M) and public transport links are excellent with Stevenage Railway Station close by. Parking is available in the immediate vicinity.

REASON FOR SALE
This would be ideally suited to a hands-on owner-operator and is only available due to our client’s family commitments. This sale presents an excellent opportunity for a new owner-operator or team to re-open the business and take it to the next level and immediately increase profits by reducing staffing costs.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is ten years and began in 2014 at a cost of £423 per week. This includes the empty shop positioned to the rear of this business.

STAFF
The business was operating with two full time and four part time members of staff in employment.

BUSINESS RATES
The rateable value is £12,018. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This occupies a prime location in the centre of Stevenage high street. There is substantial scope for growth with the options of expanding the business into the other shop behind it, diversifying and opening another complimentary business there or sub-letting it. There is also scope to apply for an alcohol licence and introduce theme nights and events. Early viewings are strongly advised.

Accomodation:
The business was previously operated from a large, mid terraced property within a parade of shops and businesses. The business is very well branded with newly fitted, bright signage displayed above a fully glazed frontage. Inside, there is dining area made up of a bar and stools that offers seating for fifteen customers and a servery/counter area. The newly fitted and very well equipped catering kitchen is positioned to the right with a staircase leading to the cellar – this has been converted as an extension to the kitchen and includes a wash up area. There are also customer toilets to the rear and access to a small courtyard yard with an outdoor storage room.

The second shop which is currently empty is accessed via this business and is positioned on Middle Row which is a lane of shops that runs parallel to the high street. This has great potential to either expand the noodle business, create a second business or sub lease to another business owner. This is currently used as storage.

Fixtures & Fittings:
Upstairs equipment:
3.5 GN hot water Bain Marie with storage underneath
4 GN cold Bain Marie with fridge underneat
3 Ring custom build wok burner with 21 vortex rings
2 x 4 Ring commercial cookers, 1 has a large griddle
2 Basket 20L gas deep fat fryer
Blast chiller
Electrolux tall standing fridge
3 Door work surface fridge
Microwave
Vogue sink and drainer
Full EPOS till with recipe printer and just eat machine


Basement:
Double pot wash sinks
Electrolux tall freezer
Storage shelves
Vogue work surface


Extra storage room in courtyard:
Chest freezer
Tall fridge


Additional:
Brand new 2 inch mains gas line installed leading into the basement.
Full 2K CCTV with remote viewing.
Brand new consumer unit.
Full alarm system (needs maintenance).
3x TV montors
Excellent powerful extraction system.
200mb virgin media internet with Ethernet to back shop.


Opening Hours:
Previous Opening Hours
Mon - Thur - 11am - 9pmFri & Sat - 11am - 10pmSun - Closed


Weekly Rent:
£423 Per Week.
Listing Details
Leasehold Price: £60,000
Tenure: Leasehold
Location: Stevenage, Hertfordshire
Sector: Restaurants, Commercial Properties
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6532 / Rightbiz

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