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Takeaway for sale

Oxford Road, Reading, Berkshire, RG30

Sold STC £74,995
30 sq. m.

Property Description

Commercial information

  • Business for sale
  • 322 sq ft (30 sq m)

Key features

  • REF: 13308

Full description

Tenure: Leasehold

Hilton Smythe welcomes to the market Thai Now Ltd. The business was established by our client in 2015. The takeaway is now being offered to the market, due to our clients desire to focus on other commitments.

Thai Now is already well known in the area and has an excellent reputation with good reviews online and a loyal customer base. The business generates a turnover of 135,000 per annum with a gross profit of 65%.

The business benefits from a quality website with an easy to use online ordering system which is popular with customers. This already has the records of 1,600 customers and the option to market offers through text messaging to these customers.

Thai Now has established a strong brand identity which reflects the quality of the business. This brand is reinforced on its well-lit shop frontage, packaging and bags.

There are opportunities for growth including joining JustEat, opening at lunchtimes and increasing delivery areas. Further, there is a potential revenue stream in outside catering and the cooking facility could be expanded to go under an extraction area which is currently unused.

There is accommodation above the takeaway included in the sale. The rent payable on the whole premises is 13,000 per annum but the rent received from the 4 rooms above is 18,420 per annum so a new owner could operate from a comfortable position of receiving rent rather than paying it.

This is a fantastic recently refurbished business opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

Thai Now Ltd is located in Tilehurst, Reading, Berkshire.

Superb trading location with free off road parking.

The shop is located within a parade of shops with plentiful free parking right outside. This parade of shops forms part of the busy A329, a prominent main road that also has a barber, beauty salon, hairdresser and firework shop with a large Waitrose next door.

Tilehurst is an affluent suburb of Reading and the shop is located near the train station which has direct services to London, bringing many wealthy commuters right by the shop. The location also benefits from buses which run right outside and a direct road to the center of Reading which is less than 10 minutes away.

Thai Now Ltd boasts a well-presented property. There is great signage, this is clearly visible to passing trade. The large window across the front allows for a bright interior.

The customer waiting area looks clean and presentable. There are two tables with chairs for waiting customers. The counter runs the length of the room and has a glass serve over chiller fitted in.

Behind the counter is a great sized preparation area. This is equipped with a 2.5 m glass fronted drinks chiller, EPOS touch screen till system with printer, cash till, large extraction unit, stainless steel preparation fridge unit, two stainless steel preparation tables and a rice cooker.

The kitchen is through to the rear, again this is well equipped with stainless steel fixtures and fitting.

Kitchen equipment includes: -
2 x Large stainless steel preparation tables
Fixed wall shelving to both sides
Large extraction unit
2 x Basket fryers
Six ring gas cooker
2 x Wok burners
Four Pan Bain Marie
Upright freezer
Double upright stainless steel fridge
Stainless steel preparation fridge unit
Hand wash sink
Large stainless steel preparation sink

Above the shop is accommodation. This has four bedrooms each room is let out, there is a shared kitchen and shared bathroom between these rooms.

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

Original lease length: 20 years
Remaining lease length: 12 years as of 2016.
Rent: 13,000 per annum

The business opening hours: -

Monday: Closed
Tuesday: 5:30pm - 9pm
Wednesday: 5:30pm - 9pm
Thursday: 5:30pm - 9pm
Friday: 5:30pm - 10pm
Saturday: 5:30pm - 10pm
Sunday: 5.30pm - 9.00pm

The business is run and managed by our client, with the help of two chefs, three counter staff and one driver.

The business generates a turnover in the region of 135,000 per annum.
Gross profit 65%

Map & Street View

Disclaimer - Property reference 13308. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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