Well Established Restaurant Business
- Asking Price: £89,999 +SAV
Davana Thai generates an advised current turnover of circa £234,000 per annum but it needs to be appreciated that the business is currently being run at a pace to suit due to health issues.
Please quote reference B05565
- Tenure: Leasehold
Please quote reference B05565
Hilton Smythe are pleased to have been given the opportunity to manage the sale of Davana Thai Restaurant which is a well-established Restaurant / Takeaway with a renowned reputation amongst residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
Davana Thai was founded by the current owner approximately a year ago and the business has been a real labour of love for him, flourishing since opening and with a burgeoning reputation.
The business is now being sold, albeit reluctantly and with a heavy heart only due to the vendors wish to relocate to Australia. He is keen to see his beloved business pass to an ambitious and entrepreneurial new owner (s) who can take this already thriving business to the next level.
Davana Thai specialises in authentic Thai cuisine where customers can savour the delicious dishes such as Red Curry, Pad Thai Noodles, Sweet Basil sauce and Black Pepper sauce to name a few.
Davana Thai offers a unique, relaxed dining experience and their friendly staff are professional and work in a caring cooperative environment catering for their customer’s needs. The business also offers the facility to order online for collection or delivery.
The sale will include the company website and Facebook page and the business enjoys great visibility on the internet via review websites.
The business benefits from having an alcohol licence.
Reasons to Buy:
- A well-established business with an enviable reputation and many existing customers.
- Prime trading position opposite Trowbridge railway station.
- Low running costs with inexpensive rent and no business rates.
- All fixtures and fittings included making this a real ‘Turnkey ‘business opportunity.
- Ideal owner managed or partnership business.
- Current owner happy to offer a handover to ensure the continued success.
The business is run and managed by our client with the help of 8 part time members of staff.
The normal operating hours are Monday to Sunday 11.00 – 23.00.
The business is currently being run on reduced hours due to some health issues ie.
Monday to Sunday 16.00 – 22.00.
By returning to normal hours an experienced operator should expect to see turnover increase significantly.
Davana Thai restaurant is in Trowbridge.
Trowbridge is the county town of Wiltshire, 8 miles south east of Bath, Somerset. The town is also 38 miles south of Gloucester and 20 miles south east of Bristol. The civil parish of Trowbridge had a population of 33,108 at the 2011 census.
The business is directly opposite Trowbridge railway station which forms part of both the Wessex Main Line and the Heart of Wessex Line. Other services from Trowbridge join the Great Western Main Line at Bath and Chippenham or join the reading to Taunton Line at Westbury.
Trowbridge is about 18 miles from Junction 17 of the M4 motorway (Bath) and the same distance from Junction 17 (Chippenham). The A361 runs through the town, connecting it to Swindon to the north-east and Barnstable to the south-west, while the north south A359 primary route to Poole passes close to the town.
Davana Thai Restaurant occupies a prominent corner position opposite the railway station and sits alongside other complimentary retail and office-based businesses and thus benefits from high levels of footfall and passing trade along with regular custom.
The business is beautifully presented and maintained with clear visible signage and distinctive livery. There is a public car park in the railway station opposite along with on street parking in the roads and streets surrounding the premises.
Davana Thai Restaurant occupies two floors of an attractive period property and briefly comprises;
Dual aspect with windows to front and side and with a glazed entrance door creating a light, airy and inviting interior, generous restaurant with a pleasing upmarket feel, vinyl non slip flooring, feature pendant lighting, specially commissioned wall graphics, tables and chairs currently providing approximately 28 covers but room for more, reception desk with tongue and groove panelling and useful cupboard beneath, bespoke counter with tongue and groove panelling to front and sides and complimentary worktop, 2 EPOS tills and card machine, upright ice cream freezer, glass fronted drinks chiller.
A generous and comprehensively equipped catering kitchen having had no expense soared during its installation, vinyl non slip flooring, stainless steel wall cladding, hot cupboards, chest freezer, 3 compartment stainless steel fridge, 6 burner range cooker with fan oven beneath, full extraction system with stainless steel canopy, Samsung microwave, 2 stainless steel commercial rice cookers, twin basket fryer, 2 Buffalo Bain Marie’s, 2 compartment stainless steel fridge, generous walk-in chiller, twin stainless steel sinks with spray tap, separate hand wash basin with soap and paper towel dispenser, stainless steel preparation tables, grease shield, further stainless steel sink with Monobloc tap.
Dry Goods Store
With window to front, Indesit freezer, chrome effect shelving units and ample floor storage space.
With window to front, desk and filing cabinets and 3 camera CCTV monitor with smartphone connectivity.
With window to rear, close coupled toilet and hand wash basin, wall mounted Ideal boiler.
Walk-in cupboard/ Plant Room
Dry Goods / Freezer Room
Dual aspect with windows to front and side, freestanding shelving unit, Polar fridge.
Premises are circa 119sqm.
We are advised that Davana Thai being sold as a leasehold business opportunity.
The existing 10-year lease has approximately 9 years remaining, and we are advised that the landlord would be happy to negotiate a mutually acceptable lease with a new owner.
The current rent is £16,000 per annum which is reasonable given the size and location of the premises.
We are advised that the business benefits from being exempt from business rates.