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Staffordshire - Town Centre Thai Restaurant

£525,000

Business rates & charges may apply

Sidney Phillips Limited, North West
SIZE

Ask agent

SECTOR

Restaurant for sale

USE CLASSUse class orders: A3 Restaurants and Cafes

A3

Key features

  • LEASEHOLD ALSO AVALABLE
  • Sizeable town centre building
  • Established Thai restaurant
  • Ground floor restaurant (54)
  • First floor trade area (30)
  • Four bedrooms
  • Net sales for year ending 31/03/2024 £259,647
  • Seller Ref: 95339

Description

Stone is a market town in Staffordshire 7 miles north of Stafford and 7 miles south of Stoke-on-Trent. The town has a rich history, with the Trent and Mersey Canal shaping the town's development and its local industry. Stone has a reputation for excellent food and drink which is cemented by its monthly farmers' market and annual autumn food and drink festival; it also has two of the oldest breweries in the country. The property sits in a prime town centre position surrounded by other retail and hospitality outlets. Stone lies off the A34 which links to Stoke-on-Trent and Stafford, and the M6 is accessible via the A51.

This sizeable, end terrace property is full of character and has many original features, including sash windows throughout. It is of brick construction under a pitched tile roof and set over three storeys.

Thai Lanna is an established restaurant in the heart of Stone which has been operated by our clients since 2007. It has an excellent reputation and boasts great online reviews. The business offers much potential for development via increased marketing of the four generous sized bedrooms, through using the first floor trade space for additional restaurant seating or for private functions and events, and by offering a delivery service on major food delivery platforms such as Just Eat and Uber. Net sales for the year ended 31st March 2024 are £259,647 with an adjusted net profit of £55,919. Full trade accounts can be made available to serious parties following any formal viewing.

FREEHOLD £525,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
NEW LEASEHOLD £40,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.

VAT will apply on the sale of this property and will be levied on the sale price of the freehold at the standard rate on 90% of the purchase price. Purchasers may wish to satisfy themselves with independent professional advice that this VAT may be reclaimed.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.

Energy Performance Certificates

EPC

Brochures

Staffordshire - Town Centre Thai Restaurant

Approximate location
Open mapStreet View

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stone Station0.6 miles
  • Wedgwood Station3.6 miles

About Sidney Phillips Limited, North West

North West

About Sidney Phillips

Pub, hotel and restaurant specialists with a bespoke and personal service

Whether you are looking to buy or sell a pub or a licensed business, we take great pride in delivering a personable service.

Our comprehensive expertise and experience ensure we are able to provide the highest standard of service to clients in the market.

Sidney Phillips operates a bespoke agency service which can assist with buying and selling of both leasehold and freehold assets.

Our specialisms include the sale of 'going concern' businesses as Business Transfer Agents with years of specialist sector knowledge.

A trusted and established name

Established in 1898, Sidney Phillips boasts a network of nine regional offices, providing unrivalled local knowledge with national coverage.

Our experienced team specialises in providing sales, acquisition and valuation services to the licensed trade including public houses, hotels, restaurants, coffee shops, clubs, leisure units, investments and development sites.

We pride ourselves on our professional approach and discretion, acting for a wide range of clients including pub companies, regional brewers, private investors, developers and individual freeholders, leaseholders and tenants.

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 95339. The information displayed about this property comprises a property advertisement. Rightmove.co.uk 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 Sidney Phillips Limited, North West. 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.

Map data ©OpenStreetMap contributors.

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