Restaurants for sale in Huddersfield

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Renovated Licensed Restaurant In Huddersfield

Huddersfield, West Yorkshire, England

  • Leasehold Price: £89,950  Price Reduced arrow_drop_down
  • Annual Turnover: £450,000
Seller Reference: 6549
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Business Description
 
 
 
 
 
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Seller Reference: 6549
Request Details
Business Description
Immaculate Thai Restaurant
Town Centre Trading Location
Newly Refurbished 2018
Projected Annual Turnover £450,000
Customer Seating For 150
Beautifully Presented
Function Room With Seating For Approx 20
10% Of Turnover From Takeaways
Experienced & Reliable Staff
Superb Google Reviews
4.5 Stars On TripAdvisor
Could Accommodate A Variety Of Cuisines
EPC - D
REF 6549 – Leasehold Licensed Thai Restaurant

Blacks Brokers are pleased to bring to the market this leasehold licensed Thai restaurant located in the much sought-after area of Huddersfield, West Yorkshire.

INTRODUCTION

Siam Square has been trading on John William Street since February 2018. Our client established this business here mainly due to the excellent trading position and lack of Thai cuisine in this area. Siam Square has quickly become a well known, highly reputable restaurant with a large base of regular customers and a superb reputation. The business has a comprehensive website in place with online ordering service and a strong social media presence.

LOCATION

Siam Square is positioned within a bustling area of Huddersfield town centre. This area is well linked by the M62 with Huddersfield train station close by and parking available within the immediate vicinity. Other businesses in this area vary from independent shops to large multiples including Tesco supermarket and Barclays Bank. The University of Huddersfield and Greenhead Park are also within walking distance of this business.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business interests being higher than anticipated, the business is offered for sale and 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 competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is nine years and began in 2018 at a cost of £1,200 per week. This is paid quarterly.

STAFF

The business is currently operating with nine members of staff supporting our two clients working on a full time basis. The staff are all reliable and experienced and if required can ensure a smooth transition for clients and the new owner - giving reassurance that the momentum of success can be continued under new ownership.

FINANCIAL DETAILS

Siam Square has established itself well since opening in early 2018. We are advised that the business has a projected annual turnover of £450,000. 10% of takings are currently generated by takeaway orders. Full financial details are available upon viewing.

BUSINESS RATES

The rateable value is £2,638. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business is newly refurbished and occupies an enviable trading position in Huddersfield town centre. The business has quickly generated healthy takings and shows excellent potential for the future. There is plenty of scope to develop the business further with a strong marketing drive and partnerships with websites such as Just Eat and Hungry House. The business could suit a variety of cuisines or the menu could be broadened to accommodate more choice. 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. Fixtures:
Walk in freezer

Pizza oven

Walk in fridge

Buffalo cooker

Zanussi fridge

6 pan cooker

Wok burner 5 pan

Microwave x 2

Dishwasher

Zanussi freezer

Under counter fridge

Grill

Stainless steel worktops

2 x under counter display fridge

EPOS till

Bar (2 pumps) can have 6-8
Trading hours:
Mon - Fri - 12pm - 3pm / 5.30pm - 11pm Sat & Sun - 12pm - 11pm
Tenure:
Leasehold
Is accommodation included?:
Siam Square occupies a large and imposing property within a busy retail parade. The business has striking modern signage displayed across it’s imposing and impressive frontage. Inside, the restaurant is presented beautifully with stairs leading into the welcoming bar area and main restaurant which offers seating for 150. Attractive tiled flooring is fitted throughout with ornate flower arrangements in place. Free standing tables and cream leather chairs are positioned carefully to maximise space. There is also a private function room which is presented to the same standard as the main restaurant and this offers seating for around 20. The kitchen is positioned to the rear and is professionally equipped with walk in freezer, pizza oven, buffalo cooker, stainless steel worktops and much more. Supporting rooms include a cloak room, store room and private office along with toilet facilities. The lower ground floor comprises of storage area, barrel cellar, staff toilets and shower.
Location Details:
Huddersfield
Leasehold Term:
£1,200 Per Week
Listed by:
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