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Restaurant & Accommodation - Bradford On Avon For Sale

Bradford-On-Avon, Wiltshire, UK
Freehold Price:
£800,000 Furniture / Fixtures included
Lease Asking Price:
£225,000 Furniture / Fixtures included
Sales Revenue:
£210,457
Cash Flow:
Available on request

Freehold & Leasehold Options Available
Prominent Town Centre Location
Accounts Year End 30th April 2019
Annual Turnover £210,457
Gross Profit £159,817
Further Financial Info Available After Viewing
Four Bedroom Accommodation
Five Star Food Hygiene Rating
Free Parking In Immediate Area
Excellent Online Reviews
Scope For Longer Opening
Potential To Introduce Deliveries
Could Suit Any Cuisine

REF 7072 – Leasehold or Freehold Restaurant & Accommodation

Blacks Brokers are pleased to bring to the market this restaurant with accommodation located in Bradford-on-Avon, Wiltshire.

INTRODUCTION

Thai Barn was established by our client in another area of Bradford-on-Avon in 1998. Due to expansion, the business relocated to its current position in 2009. The property underwent a huge renovation project to develop its own unique character and ambiance. The business now offers a range of freshly prepared Thai cuisine and the grade two listed property has accommodation within the upper floors. Thai Barn 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, Trip Advisor and Facebook. Thai Barn has a comprehensive website in place.

LOCATION

Thai Barn occupies a high street trading position within a parade of residential properties, shops and offices. The area is well populated commercially with neighbouring businesses including independent retailers along with other eateries, churches and Bradford-on-Avon museum. There are also a number of schools nearby as well as Barton Farm Country Park and the City of Bath. The area is well linked by the A36 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 due to our client’s retirement, 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

Our client owns the property and as such, can offer a leasehold or freehold proposition. If leasehold is preferred, the building will be available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The new lease will be fully negotiated with our client.

STAFF

The business operates with ten members of staff in employment supporting our client working on a full time basis.

FINANCIAL DETAILS

Thai Barn has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has annual turnover of £210,457 and gross profit of £159,817. Full financial information is available upon request.

BUSINESS RATES

The business currently benefits from small business rates relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This highly reputable and long established business occupies an enviable trading position in an affluent and busy area of Bradford-on-Avon. 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 new opening hours and days and potentially a delivery service. 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.

Property Information

Property:

Available as freehold and leasehold

Business Operation

Trading hours:

MON: CLOSED
TUE: 18:00 - 22:00
WED - SUN: 12:00 - 14:30 / 18:00 - 22:00

Other Information

Leasehold asking price:
£225,000 - Furniture / Fixtures included

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