Profitable Thai Restaurant in Prime Croydon Location with Alcohol License for Sale
Croydon, London
- Status
FOR SALE
- Advert ID
624989
- Reference
B08513 / Rightbiz
- Call Agent:
- Leasehold: £139,999
- Turnover: £400,000 (£7,692 per week)
- Profit: £60,000 (15% Profit margin)
Business Details
Well Established & Profitable Restaurant For Sale
BusinessPlease quote reference B08513
CoGoGo presents a fantastic opportunity to acquire a well-established Thai restaurant located in the heart of Croydon, which has been successfully serving loyal customers for over 30 years.
With a proven track record, a prime location, and a solid customer base, this is the perfect business for someone looking to take over a thriving, profitable restaurant.
Business Overview
- Business Type: Thai Restaurant
- Location: Croydon, London Leasehold
- Rent: £18,000 per annum
- OTM Price: £149,999
- Net Profit: £60,000
- Annual Turnover: £400,000
The current owner operates a set schedule with ample opportunities for additional trading hours or private events, depending on your business strategy.
Key Selling Points
- Alcohol Licence: The restaurant holds an alcohol licence, providing the opportunity to serve wine, beer, and spirits, which boosts its overall revenue potential.
- Sponsorship Licence: This business currently holds a sponsorship licence providing the opportunity to employ workers from outside the UK.
- Long-standing Reputation: The business has been a well-loved staple in the community for over 30 years, with an established customer base and positive reviews.
- Excellent Location: Located in Croydon, an area with high foot traffic and easy access to both residential and business districts, the location is ideal for attracting both locals and visitors.
- Strong Profitability: With a turnover of £400,000 and net profits of £60,000, this restaurant is financially stable, making it a great investment.
This is a rare chance to acquire a profitable and well-loved Thai restaurant with a great location, established success, and plenty of growth potential. Don’t miss out on this incredible opportunity!
For more information or to arrange a viewing, contact CoGoGo today!
Location
Anna's Thai Restaurant (Croydon) is located at 281 High St, Croydon CR0 1QH.
Premises
The double-fronted premises boasts eye-catching signage, drawing in passersby with its bold, modern design, Inside, the spacious layout features a welcoming seating area, a service counter, and an open kitchen, creating an inviting atmosphere for guests to relax and enjoy their meal.
Tenure
This opportunity is being sold on a Leasehold basis.
The current rent is £18,000 per annum.
Hours
The current operating hours are:
Monday & Tuesday - 4:00 pm to 11:00 pm
Wednesday - Closed
Thursday to Sunday - 12:00 pm to 11:00 pm
Staff
This business is run and managed by our client.
Financial Profile
This business generated a turnover of £400,000. Full financials can be made available upon request.
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Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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