Status: For Sale
Tenure: Leasehold
Leasehold Rent: £11,500 per annum
Turnover: £186,425
Authentic Thai Restaurant In Town CentreAuthentic Thai Restaurant In Town CentreAuthentic Thai Restaurant In Town CentreAuthentic Thai Restaurant In Town CentreAuthentic Thai Restaurant In Town CentreAuthentic Thai Restaurant In Town Centre
£85,000 + SAV

Authentic Thai Restaurant In Town Centre

For Sale
  • Reference: 13631 A
  • Location: Barrow-In-Furness, Cumbria
Hilton Smythe welcomes to the market Baan Siam Thai Restaurant. The business was originally established by our client in 2013. The owner is now looking to sell the restaurant, due to the desire to take a well-deserved retirement.

The business runs as a traditional Thai restaurant offering an excellent authentic menu in a welcoming tranquil ambience. Dishes include mildly spiced golden fishcakes, marinated pork, king sized steamed mussels, soups, salads, Thai curries, Stir fries, spaghetti dishes, noodles and rice dishes, as well as a range of side dishes and desserts. The premises are fully licenced offering an excellent selection or wines, spirits and beers. All fayre is available to take away, a popular service with the locals.

The business generated a turnover in the region of £186,425 as of the 2016 accounts, with a gross profit of 61%. This is a healthy turnover with scope to be increased. We feel that the purchaser should look to advertise the business on popular ordering sites such as JustEat and HungryHouse. These are well-known websites that would allow for more takeaway trade.

As well as regular dining our client also offer a daily buffet for lunches and evening dining. This could be advertised further on the business Facebook page and website. The Facebook page has over 500 followers and is kept regularly updated. The website is easy to navigate and has a full menu available, this can be found at (www.baansiambarrow.com).

The first and second floor of the property are currently derelict and used only for storage. The purchaser could consider utilising this space and transforming it into further seating or as a private function room.

Baan Siam Thai Restaurant boasts a prime trading location in the town centre of Barrow-In-Furness. The business comes fully equipped and thrives on its excellent reputation; a real turn key purchase. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

TENURE

We are advised the business is being sold as a Leasehold opportunity.

Original lease length: 5 years.
Remaining lease length: 1 years as of 2017.
Rent: £11,500 per annum.

HOURS

The business opening hours: -

Monday - Saturday: 5pm - 11pm
Sunday: Closed

STAFF

The business is run and managed by our clients, with the help of four full time and two-part time members of staff.

FINANCIAL PROFILE

The business generated a turnover in the region of £186,425 as of the 2016 accounts, with a gross profit of 61%.
Baan Siam Thai Restaurant is located in Barrow-In-Furness, Cumbria.

The restaurant is situated within Barrow High Street, a bustling location with a variety of retail outlets. The town centre location allows the business to benefit from heavy footfall and passing trade, there is also ample free parking around.

Barrow-In-Furness is a popular town in Cumbria. The town has some beautiful architecture with over 249 Grade II listed buildings. Originally a small industrial town and now one of the biggest iron and steel manufactures in the world. Barrow-In-Furness has its own deep water port which developed with the steel and ship building industry.

The town centre location benefits from great public transport and excellent road connections. There are bus stops and a train station within walking distance and the A590 a-road is close by. The A590 is an arterial road that connects to the M6 motorway network at Kendal.
Baan Siam Thai Restaurant boasts a single fronted property. There are large windows across the front, this allows for a bright and airy interior. The restaurant is well-signed clearly visible to passing trade.

On entry is the main 45 cover seating area. This space has wooden table and chairs, tiled flooring and light walls. To the back of the room is the bar with card machine, telephone point, shelving stocked with glasses, optics, beer pumps and a fridge for wine, beers and soft drinks.

Through to the rear of the property is a fully equipped kitchen, preparation room and dishwashing area.

The rear storage area has double gates that lead to the rear communal car park. The storage room is used for stock.

The first and second floor of the property are currently used for storage and are derelict.

The sale includes the following equipment: -
Double stainless steel sink
Industrial glass washer
Plate washer
Chest freezer
Ice cream freezer
Freezer for desserts
Ice machine
Stainless steel preparation area
Microwave
Stainless steel warming cupboard
Stainless steel preparation area
Extractor fan
Double fat fryer
Five gas ring burner
4 x stainless steel fridges
Upright freezer
Chest freezer
Hand wash sink
Large stainless steel fridge
Blender
Pans and utensils

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