Popular Thai Restaurant and Takeaway in Littlehampton

Littlehampton, West Sussex
REF: R07415

Asking Price:
£100,000
Annual Turnover:
£200,000
Annual Net Profit:
TBC
Recently Sold
REF: R07415
Photo of Popular Thai Restaurant and Takeaway in Littlehampton
Photo of Popular Thai Restaurant and Takeaway in Littlehampton
Photo of Popular Thai Restaurant and Takeaway in Littlehampton
Photo of Popular Thai Restaurant and Takeaway in Littlehampton

Overview

Tenure:
Leasehold
Established:
2014
  • Excellent Reputation
  • Very Loyal Customer Base

The business for sale is a popular restaurant and takeaway offering Thai cuisine in the busy town of Littlehampton, West Sussex. This business is situated in a prime, seaside location and is one of the only Thai restaurants in Littlehampton.
 
Since establishment in 2004, this business has gone from strength to strength and has become well-established in the area. The business’s main clientele are locals and tourists, plus a variety of customers who place delivery orders. The business also offers outside catering and ice-cream during the summer months.
 
The current owner is now looking for a new owner operator to take on and ensure the continued success of the business.

June 2020 - September 2020
Turnover £64,523
Net Profit £29,420

The business for sale is a well-established Thai restaurant and takeaway which caters to a variety of satisfied customers such as locals, tourists and various customers who order from the takeaway service. Located by the seafront, this business has amazing views. Boasting a five-star hygiene rating, an alcohol licence and 35 or so covers. There is a bar inside as well as an ice cream takeaway.

The premise of this business is a double fronted store. To the right of the door is the ice cream area and behind that is the kitchen. There is a fire door at the back and to the rear of the building is a secure garage and parking spaces for customers.

This business owns tables, chairs, a garage full of outside catering equipment, a fully equipped kitchen, an ice cream machine and a bar, all of which are included in the sale of this business as well as Stock.
Rent is payable at £8,496 P/A with 2 years remaining on the current lease. The lease would be renewable upon expiration.

This is an unmissable opportunity to acquire what is probably the only Thai restaurant in the area, which is located in a prime location and caters to a variety of satisfied customers.
 
This business has excellent potential for growth and could be developed further by increasing the takeaway and delivery options. This business could also dramatically increase revenue by offering outside catering. Currently running a successful website, brand awareness could be developed through the use of social media.
 
This business would be best suited to a variety of operators, from individuals, to seasoned restaurateurs. The new owner would be excited to take on a successful business in a prime location in a customer facing role.
 
The current owner is willing to stay on for a transition period to ensure the continued success of the business.

Features

Online Presence

Location

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  • High Footfall
  • On-Site Car Parking
  • Nearby Car Parking

Property

Annual Rent
£8,496
Annual Rates
TBC
Lease Term (Years)
18
Lease Expiry (Year)
2023
Accommodation Included
No
EPC Rating
C 51-75

Financial & More

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

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