Prominent Main Road Location
Accounts Available Year End 5th August 2021
Annual Turnover £64,186
Gross Profit £40,489
Accounts Available After Viewing
Owner Operator / No Staff
Five Star Food Hygiene Rating
Ill Health Sale
Fully Equipped
Website Included
Social Media Presence
Fantastic Online Reviews
Scope For Delivery Service
Potential For Longer Opening
Scope To Introduce Marketing Drive
EPC - C
REF 7703 – Leasehold Thai Street Food Takeaway
Blacks Brokers are pleased to bring to the market this leasehold Thai street food takeaway located in Bury, Greater Manchester.
INTRODUCTION
Pen Thai was set up from scratch by our client in this densely populated area of Bury in 2019. The business offers a range of authentic Thai street food. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook. Pen Thai has a basic website in place and a good social media following.
LOCATION
Pen Thai occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Lidl and The Post Office. There are also a number of schools, housing estates and other local amenities nearby. The area is well linked by the M66 with very strong public transport links and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due to our client’s ill health, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a four year lease which began in 2019 at a cost of £217 per week.
STAFF
The business operates with our client only in employment.
FINANCIAL DETAILS
Pen Thai has traded solidly since opening and our client has established a strong repeat customer base. The accounts year end August 2021 show that the business has an annual turnover of £64,186 and a gross profit of £40,489. Full financial information is available upon request.
BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.
SUMMARY
This well established business occupies an enviable trading position in a bustling and sought after area of Bury. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours and a delivery service. A strong marketing drive and online ordering service could also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
