Restaurant for sale

High Street, Milton Keynes, Buckinghamshire, MK16

168 sq. m. | £89,000

Property Description

Commercial information

  • Business for sale
  • 1,808 sq ft (168 sq m)

Key features

  • REF: 2312
  • LEASEHOLD
  • RESTAURANT

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this popular Thai restaurant business in Newport Pagnell, Buckinghamshire. The business was established in 2003 and has been in our clients' careful hands since 2013 and is only now being offered to the market due to our client` relocating abroad. The business is open 7 days a week and generates a turnover in the region of 208,000 per annum with a gross profit of approximately 63%.

Pin Petch Thai Restaurant is popular and a well-known destination restaurant that attracts customers from a wide area. The restaurant has a lot of repeat business and has a growing excellent reputation, proven by the excellent reviews on www.tripadvisor.co.uk, where the business also earned the title 'Certificate of Excellence' in 2014. The restaurant has been refurbished by our client to a very high standard, high quality fixture and fittings are in place throughout the business. The restaurant also scored an outstanding 5 star hygiene rating.

The business is linked to www.opentable.co.uk, which allows customers to easily pre book tables. A great website is already in place for the business www.pinpetchthairestaurant.co.uk, the website has information about the business, menu, testimonials, events, online booking and details on how to find the restaurant.

The turnover is seeing a month on month growth but we feel the turnover could be expand even more by expanding opening hours to possibly open Mondays. This is an excellent opportunity for a new owner to take this popular business to the next level; therefore early viewing must come highly recommended to avoid disappointment.


LOCATION
Pin Petch Thai Restaurant is located in Newport Pagnell, Buckinghamshire.

Situated in a prominent corner position in the town centre on the main high street, the business has excellent football from passing shoppers and motorist. The area has great transport links, a bus stop is located round the corner from the business, and the M1 motorway is approximately a 5 minute drive away.

Newport Pagnell is a town within the Borough of Milton Keynes. It is separated by the M1 motorway from Milton Keynes The town has a population of approximately 15000.

PREMISES
Prominent corner position in town centre, briefly summarising:-

Double door entrance leading to:

Main Restaurant Area:
The main restaurant area has covers for 45 and up to 60 for functions.
The area is decorated to a Thai theme and has high quality wooden tables and faux leather chairs.
The flooring is finished in a beautiful hard wood.

Bar :
The bar is equipped with 1 x draught pump which is fed from under counter, 4 x 1 x door bottle chillers, sink, ice maker, large shelving display unit, 1 till (ePOS - linked to kitchen). The bar is made from high quality wood. Behind the bar is a large fitted shelving unit, which is used to display beverages and Thai themed decorations.

Split level - steps down to private seating area with 1 x table with 4 x chairs.
Passage leads to additional private room/overspill/function room with 24 x covers.

Kitchen:
The kitchen is fitted with a 6x burner oven, 6x burner wok range, 2x tall fridges, 2x chest freezers, 2x rice cookers, 2x microwaves, counter top fryers (1 x double + 1 x single) commercial sink and a rear exit.

2x ladies and gentleman's toilet facilities
Storeroom

External:
The exterior of the premises is well signed, with street parking and access to rear via a small private road.

TENURE
We are advised leasehold.

Original lease length: 10 years
Remaining lease length: 9 years
Reviewed every: 5 years
Rent: 25000 per annum

HOURS
The business is open:

Monday: closed
Tuesday - Thursday: 12pm till 2:30pm and 5pm till 10pm
Friday - Saturday: 12pm till 2:30pm and 5pm till 11pm
Sunday: 12pm till 2:30pm and 5pm till 10pm

STAFF
The business is owner run and managed with the assistance of 2 full time chefs and 3 part time staff members.

FINANCIAL PROFILE
We are advised the business generates a turnover in the region of 208,000 per annum and a gross profit of approximately 63%.

Nearest stations

  • Wolverton (3.8 mi)
  • Milton Keynes Central (4.2 mi)
  • Woburn Sands (5.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Wolverton (3.8 mi)
  • Milton Keynes Central (4.2 mi)
  • Woburn Sands (5.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299139 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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