Business
***Business name not included, so restaurant signage will be removed***
Please quote reference B07646
CoGoGo are happy to welcome to the market a commercial restaurant opportunity that currently operates as a Thai restaurant in Surrey.
The location has been operating as restaurant for a number of years, with our clients taking over and rebranding to a Thai restaurant in 2020. During that time, it’s built up an excellent reputation and regular client base. As seen by the online ratings and reviews, the business is extremely popular due to its location.
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This opportunity has now come to the open market due to our clients desire to spend more time with family.
The business is renowned in the area for its quality and presentation of freshly prepared and authentic Thai cuisine, using the very finest and freshest ingredients.
The business is proud of its five star hygiene rating, and is also a licensed restaurant.
Key selling points –
- Located on a busy parade of shops.
- Qualifies for full business rates relief.
- Located in a busy area for online delivery orders.
- Neutral decor inside would suit any cuisine.
- Restaurant area was fully refurbished in 2020, which included: new air conditioning unit, new bar built, new tiled and engineered wood flooring, fully decorated.
- Kitchen also had a new 5 ring wok-burner installed in 2020.
Scope for further growth –
- Adding more covers/seats
- Increase trading hours
- Cater to private parties and events/outside catering
- Push marketing/advertising
Location
The restaurant occupies a highly desirable trading position in Surrey.
The restaurant has eye catching signage, receiving high levels of footfall and passing trade
Premises
Restaurant with bar area to the front, 2 toilets, kitchen area and storage room to the rear.
Restaurant –
- Tables and chairs/bench seating to seat 28 covers inside and 4 covers outside
- Bar area with display shelving, under counter & freestanding fridges
- Till and printers
Kitchen area –
- 5 Ring wok burner
- Charcoal grill
- Fryer
- Dishwasher
- Under counter/freestanding fridges
- Freezer
- 2 commercial microwaves and 3 stainless steel workbenches
- Shelving unit
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 15 year lease. The rent is £20,000 per annum.
Hours
The current trading hours are –
Monday to Saturday – 6:00pm to 10:00pm
Sunday – Closed
Staff
We are advised that the business has 8 members of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £200,000. Further financials can be made available upon request.
