For Sale
Well established Thai takeaway for sale
Reading, Berkshire
- Asking Price: £89,995 +SAV
-
Turnover:
We are advised that the business generates a turnover in the region of £250,000. Full financials can be made available upon further request.
Please quote reference B06599
- Tenure: Leasehold
Please quote reference B06599
Hilton Smythe welcomes to the market an exciting opportunity to acquire on a leasehold basis an exceptionally well run and popular Thai takeaway business.
The business has been under the careful and meticulous ownership of our client since 2015, only now is the business being placed on the open market for sale as our client looks to take well deserved retirement from the industry.
Thai Now is a well-regarded business offering authentic Thai cuisine and gaining rave reviews online and has a reputation for freshness and quality with many repeat customers. The business currently operates its own telephone and online ordering system through its attractive website and is also active through Deliveroo.
Currently operated by the owner assisted by a full-time chef, second chef and various part time staff including 3 weekend delivery drivers.
There is scope to expand the business by -
- Opening Mondays,
- Opening at lunchtime
- Pursuing outside catering opportunities
- Expanding the delivery area to include Theale, Central Reading, and Caversham,
- Signing up with Uber Eats and Just Eat.
The business trades on its reputation for quality and service and has outstanding future possibilities. It would potentially be an ideal acquisition to some similar sized or larger enterprise looking to increase its position and presence within the industry.
A tremendous opportunity to own this well-established and popular business, and early viewings are highly recommended to avoid disappointment.
We are advised that the business has 3 full-time and 3 part-time members of staff.
The business hours are -
Monday – Closed
Tuesday – 17:30 – 21:00
Wednesday – 17:30 – 21:00
Thursday – 17:30 – 21:00
Friday – 17:30 – 21:30
Saturday – 17:30 – 21:30
Sunday – 17:30 – 21:00
The business is located in the middle of a small parade of shops next to Waitrose in Tilehurst, Reading, Berkshire. There is ample off-street parking for both customers and delivery drivers right outside the shop.
The shop is surrounded by a densely populated residential area including the easily accessible affluent neighbourhoods of Purley on Thames, Pangbourne, Tilehurst, Calcot and Whitchurch on Thames.
Thai Now boasts a well-presented property. There is great signage, this is clearly visible to passing trade. The large window across the front allows for a bright interior. The customer waiting area looks clean and presentable. There are two tables with chairs for waiting customers. The counter runs the length of the room and has a glass serve chiller.
Behind the counter is a great sized preparation area. This is equipped with a 2.5 m glass fronted drinks chiller, EPOS touch screen till system with printer, cash till, large extraction unit, stainless steel preparation fridge unit, two stainless steel preparation tables and a rice cooker. The kitchen is through to the rear, again this is well equipped with stainless steel fixtures and fittings.
The property further benefits from having a 4-bedroomed flat above the shop, this could be used as owners’ accommodation, storage or rented out to generate extra income for the owner.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 6 years remaining on the 20 year lease. The rent is £1,375 per month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
