Hilton Smythe is delighted to welcome to the market this well-established and busy Thai takeaway business, which is ideally located within the large town of Bolton, Greater Manchester.
The business was established by our client in 2015 and is only now being offered to the market, due to our client's desire to concentrate on other business interests. The takeaway currently operates 7 evenings per week and generated a turnover in the region of £289,000 in 2016, with a gross profit of approximately 51%.
The business offers a wide variety of Thai takeaway food including starters and soups, curry dishes, stir fried dishes, noodle dishes, rice dishes, speciality dishes and a children's menu. Our client also offers a delivery service within the area. The property boasts 108 sq. metres of floor space, is very well maintained and is fitted out to suit the trade.
The business has built up an excellent reputation within the area for the high quality of the fayre and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening for the lunchtime trade. A new owner could also embark on a modest marketing campaign to highlight the excellent food and service offered. The takeaway has excellent reviews on the popular travel website Trip Advisor, as well as on the food ordering website Just Eat.
There is huge potential to roll out the concept into a franchise opportunity. The buyer would be purchasing a brand with unique recipes along with loyal staff, all of which are trained to cook the cuisine to Tonge Thai standards.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this popular takeaway business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 6 years
Remaining lease length: 4½ years
Rent: £170 per week
HOURSThe business is open:
Monday - Sunday: 5.00pm - 9.45pm
STAFFThe business is owner run and managed with 2 x full time and 3 x part time staff members.
FINANCIAL PROFILEThe business generated a turnover in the region of £289,000 in 2016, with a gross profit of approximately 51%.
Tonge Thai Takeaway Ltd occupies substantial ground floor premises, ideally located within the town of Bolton in Greater Manchester. The business is situated on the very busy Tonge Moor Road, within a parade of complimentary shops and businesses, therefore benefiting from a very high volume of footfall and passing trade. The business further benefits from good car parking facilities within the area.
Bolton is a bustling town in the North West of England and as of the 2001 census, the town had a residential population of 139,403. Landmarks in the town include the imposing neoclassical town hall, which was designed by William Hill and opened in June 1873 by the Prince of Wales.
The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is Hall i' th' Wood, which is just over 5 minutes' walk away. The area is also well served by the A-roads, with the business located on the A676 and the A58 being just a short drive away, which links to the national A-road and motorway networks. Bolton is 10 miles northwest of Manchester and is surrounded by several smaller towns and villages.
Substantial ground floor premises, which is in an ideal trading location, briefly comprising:
Small waiting area with a Thai food cart.
Preparation and wash up area.
WC with wash hand basin.
Thai food cart.
6 x single gas burner stoves.
2 x dual stoves.
Low set noodle pot gas stove.
Stainless steel preparation tables and benches with under-counter refrigeration.
Commercial deep fat fryer.
Deep set sink unit.
Double Gastroline refrigerator.
Twin bowl sink with double drainer.