High-Quality Thai Restaurant in Stunning Riverside Kent Location

Maidstone, Kent
REF: R07143

Asking Price:
£275,000
Annual Turnover:
£700,000
Annual Net Profit:
TBC
Under Offer
REF: R07143

Overview

Tenure:
Leasehold
Established:
2015
  • Prime location - riverside restaurant - stunning view
  • Thai specialist food
  • Spacious, large detached premises
  • High quality dishes
  • 5* hygiene rating
  • Easy, accessible parking
  • Excellent service and high level of repeat trade
  • Events Venue

The business for sale is a multi-faceted Thai restaurant offering a versatile drinking and dining space in one of the best positions in the heart of Maidstone in Kent.

Placed in a prime location on the river front, the restaurant attracts a high level of footfall due to its lucrative situation over a waterfront terrace and gardens.

The terrace is ideal for private events, particularly weddings as Archbishop’s Palace is just across the river. The business specialises in an array of premium dishes catering in English and Thai cuisine.

This is an excellent opportunity to acquire an immaculately-presented restaurant that occupies breath-taking premises and is now available for sale on a leasehold basis.

The business operates from detached premises, in a riverside location. The ground floor runs as a cafe and bar area and primarily caters for the morning and day clients. The upstairs semi-circular shaped floor is for diners, dinner parties and other large groups. There are steps that lead from both upstairs and downstairs to the outdoor terrace with impressive views of the river and bridge. There is an upstairs and downstairs kitchen, a staff room and toilets on both floors. In addition, there is a 3-bedroom flat on the third floor with a separate entrance which is currently not in use. In total, the downstairs has 30 covers, 70-80 upstairs, and 70 covers outside or up to 100 standing. Externally, there is a car park adjacent to the building.

All equipment is contained within the sale, to include tables and chairs, crockery, cutlery, a commercial cooker, oven and hot plate, fridges and freezers, 3x under counter bar fridges, a dishwasher, air conditioning, CCTV and a sound system.

The premises benefit from a prime position in a bustling riverside location, with high levels of footfall to boost the loyal repeat customer base.

There is now ample opportunity for a new owner to further grow the business. The main options include increased advertising and extending the opening times/days. Overall, this could make a valuable acquisition for a variety of buyers. It might particularly appeal to first-time restaurateurs looking to take over a popular local eatery that boasts good growth potential.

The current owner has indicated a willingness to negotiate staying on for a transitional period following the sale to help the new owner get up and running.

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  • Riverside location
  • Town centre
  • Good transport links
  • Close to local businesses
  • Large, detached premises
Rent
£64,519
Rates
£13,000
Lease Term
20
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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