CoGoGo presents a fantastic opportunity to acquire a well-established Thai restaurant located in the heart of Croydon, which has been successfully serving loyal customers for over 30 years.
With a proven track record, a prime location, and a solid customer base, this is the perfect business for someone looking to take over a thriving, profitable restaurant.
Business Overview
Business Type: Thai Restaurant
Location: Croydon, London Leasehold
Rent: £18,000 per annum
OTM Price: £149,999
Net Profit: £60,000
Annual Turnover: £400,000
The restaurant has been owned by the current sole trader for 30 years and has built a strong reputation for offering high-quality Thai cuisine. The menu is diverse, and the ambience provides a welcoming space for families, couples, and groups, making it a popular spot for both regulars and new customers.
The current owner operates a set schedule with ample opportunities for additional trading hours or private events, depending on your business strategy.
Key Selling Points
Alcohol Licence: The restaurant holds an alcohol licence, providing the opportunity to serve wine, beer, and spirits, which boosts its overall revenue potential.
Sponsorship Licence: This business currently holds a sponsorship licence providing the opportunity to employ workers from outside the UK.
Long-standing Reputation: The business has been a well-loved staple in the community for over 30 years, with an established customer base and positive reviews.
Excellent Location: Located in Croydon, an area with high foot traffic and easy access to both residential and business districts, the location is ideal for attracting both locals and visitors.
Strong Profitability: With a turnover of £400,000 and net profits of £60,000, this restaurant is financially stable, making it a great investment.
The current owner is looking to move on to new ventures, providing a prime opportunity for someone ready to step in and take the business to the next level.
This is a rare chance to acquire a profitable and well-loved Thai restaurant with a great location, established success, and plenty of growth potential. Don’t miss out on this incredible opportunity!
For more information or to arrange a viewing, contact CoGoGo today!
Financial Profile
This business generated a turnover of £400,000. Full financials can be made available upon request.
