Sold
Well Established Restaurant For Sale
Louth, Lincolnshire
- Asking Price: £39,995 +SAV
-
Turnover:
We are advised the business generated a turnover of circa £90,000 as of 2020, further financial information can be made available upon request.
Projected turnover for the year is circa £108,000.
Please quote reference B06950
- Tenure: Leasehold
Please quote reference B06950
Hilton Smythe is delighted to present to the market The Siam Orchid Thai Restaurant, one of Louth’s nest restaurants. Our clients have successfully run restaurants for over 30 years and have been in this current premises for the last 5 years, only now does the business come to market as our clients are looking to retire.
Siam Orchid offers a menu of The business comes with a very loyal customer base who enjoy the friendly service and excellent quality food. TripAdvisor rates the restaurant as number 29 of 69 restaurants in Louth with a 4.5-star customer review status.
There are currently 32 covers including a bar area which offers beers, a good choice of spirits and wines.
Siam Orchid is currently trading as a husband and wife team with 3 part time staff members, we feel the business would benefit by being a family run or as a partnership.
Key selling points include -
- High quality restaurant space
- Potential to increase turnover
- 4.6/5 Google reviews
- Very busy location
- Option to increase current opening hours
- Trained staff
- Excellent menu created
- Amazing Location
- Fitted commercial kitchen
- Handover period offered
- Drinks chillers
- 2 x commercial cookers
- 3x Fridges
- 3 x Freezers
- Fryers
- Stainless steel preparation tables
- Rice cookers
- 2 Fryers
- Wok cooker
- Blue Seal range
- Microwaves
The business is owner run and managed with the help of 3 part time staff members.
The business trading hours are:
Monday - Closed
Tuesday to Saturday - 17:30pm - 22:00pm
Sunday - Closed
Siam Orchid Thai Restaurant is ideally situated at Mercer Row, in the picturesque and sought-after market town of Louth, Lincolnshire, benefitting from ample footfall due to being located on a main arterial road.
The site is easily accessible by all modes of transport with busy passing trade and footfall in and out of Louth.
Louth is a popular holiday destination providing a great level of tourist, as well as having the benefit of a strong local community.
The premises consist of the restaurant on the 1st floor and a 1 bed apartment on the 2nd floor, which could be used as living accommodation however it is currently being used for storage, should the purchaser desire.
Restaurant
- Large open plan restaurant (32 covers)
- Male and Female WC.
- Fully Equipped commercial kitchen
- Bar area
- 1 Double bedroom
- 1 bathroom
- lounge
- Kitchen
- A3 licenced with the alcohol licence from 11am - 1am
- The premises are up to date with fire and safety regulations. The apartment is currently not being used.
Tenure
We are advised the business is being sold on a Leasehold basis with a rolling Lease currently in place, the rent is £500 per month.
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