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Thai Restaurant Takeaway In Sunderland For Sale

Sunderland, Tyne and Wear, UK
Asking Price:
£25,000 Furniture / Fixtures included
Turnover:
£182,000
Net Profit:
Available on request

• Sales circa £3,500 weekly.
• Currently evening trade only.
• City centre location with access to parking.
• 60 covers plus private dining option.
• Genuine retirement sale.
• LEASEHOLD £25,000 plus stock at valuation.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a 10 year lease from 2016 at a passing rent of £15,000 per annum.

Leasehold Rent:

£15,000 per annum

Location:

The business and property situated on Mary Street which is on the outskirts of the City Centre, but close to the main bus and Metro stations at Park Lane Interchange.

The immediate area comprises a mixture of shops, offices and leisure operators but only a short walk away across the A1231, there are densely populated residential neighbourhoods. To the north of the location is the main University centre including Halls of Residences and the Student Union.

Premises Details:

Royale Thai restaurant has been trading for the last 5 years from the site of the Royal Mail sorting office (hence the trading name) and has built up an excellent reputation over this time.

The central location has the benefit of bringing in business from workers, shoppers and nearby residents plus the local students during term time. The menu is traditional Thai cuisine with a good selection of dishes that include vegetarian and vegan options.

During the last 18 months the business has adapted to meet the various restrictions imposed by Covid and our client incorporated a collection and delivery menu which is still very popular. The rear of the ground floor had a collection and delivery hatch installed and this can be used by both customers and delivery drivers. The takeaway menu is available on the Just Eat platform and deliveries currently make up approximately 30% of the sales.

The restaurant was also popular with theatre goers and now that the theatre and cinemas have reopened, the “early bird” menu has been relaunched and is likely to increase takings back to the pre Covid levels of circa £4,500 weekly.

Size in square feet:
830
Energy Performance Rating:
D  View EPC Graph for this property

Business Operation

Trading hours:

Currently ran by the owners with the help of 3 staff
licensed to open till 2am

Employees:
Currently ran by the owners with the help of 3 staff
Years established:
5 years

Other Information

Contact North East Commercial

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