Popular Thai Restaurant and Takeaway in Devon For Sale, Established in 2018
Plymouth, Devon
- Status
FOR SALE
- Date Submitted:
08/11/23
- Advert ID
602320
- Reference
B07622 / Rightbiz
- Call Agent:
- Leasehold: £249,999
- Turnover: £439,000 (£8,442 Per week)
- Net Profit: £72,000 (17% Profit margin)
Business Details
Well established Thai restaurant and takeaway for sale
BusinessPlease quote reference B07622
CoGoGo are delighted to welcome to the market Koh Thai Noodle, a highly rated restaurant and takeaway located at the Derriford Hospital in Plymouth.
The business was first established by our client in 2018, building up an excellent reputation and regular customer base. As seen by the online ratings and reviews, the business is extremely popular due to its location.
Koh Thai Noodle has now come to the open market due to our clients desire to concentrate on other business interests.
Koh Thai Noodle offers fantastic Thai Soups, Noodle Dishes, Stir Fried Boxes & Curry Pots to take away.
Koh Thai Noodle is renowned in the area for its quality and presentation of freshly prepared Thai Soups, Noodle Dishes, Stir Fried Boxes & Curry Pots, paying special attention to every fine detail in their menu and only using the very finest and freshest ingredients.
Food is freshly made to order on the premises, with customers able to dine in (30%), takeaway their food (60%) or get it delivered (10%).
The business is proud of its five star hygiene rating, with the sale including the company website. The restaurant The business is proud of its five star hygiene rating.
Key selling points -
- A well established business with an enviable reputation and many regular customers
- Prime trading position at Derriford Hospital and benefitting from loads of footfall
- Ideal owner managed or partnership business
- Current owner would be happy to offer a handover to ensure the success of the business
- A real opportunity to increase turnover and profits significantly, current owner been running at a pace to suit due to his other business interests
- Advertising and Marketing campaign. A local leaflet drop usually yields good results
- Maximise the use of social media
- Introduce a customer loyalty card / scheme
- Invest in SEO and PPC to drive new customers to the business
Location
Koh Thai Noodle Limited occupies a highly desirable trading position at Bircham Park, on Derriford Road in Plymouth.
The restaurant has eye catching signage, receiving high levels of footfall and passing trade as its located outside the Derriford Hospital.
There is ample parking within the area.
Premises
The business occupies generous premises ideally suited to the trade with restaurant and commercial catering kitchen.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 15 year lease. The current rent is £17,500 per annum.
Hours
The current trading hours are -
Monday - Closed
Tuesday to Sunday - 11:00am - 9:30pm
Staff
We are advised that the business is run and managed by our client, with the help of 4 full-time and 7 part-time staff members.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £439,000. Further financials can be made available upon further request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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