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.
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.
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.
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.
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.
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.
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.
The rates payable are £793 per annum. Purchasers should enquire with relevant local authorities to confirm the rates payable.
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. Business: £35,000.
Please quote ref: 6549