Immaculately Refurbished In 2017
Prime High Street Trading Location
Annual Turnover £123,088
Gross Profit £79,051
Currently Only Thai Cuisine On Just Eat In Area
Customer Seating For 15
Brand New Fixtures & Fittings
Five Star Food Hygiene Rating
EPC - D
REF 6532 – Leasehold Thai Noodle Bar
Blacks Business Brokers are pleased to bring to the market this leasehold Thai noodle bar located in a busy and popular area of Stevenage, Hertfordshire.
Nok’s Wok is a Thai Oriental Noodle Bar and takeaway. It was established by our client in 2017 as there are no other Thai eateries in this area. Our client completed a thorough refurbishment before opening and all fixtures fittings and equipment are brand new as of 2017. The business has quickly gained an excellent reputation, large customer base and good online following with excellent ratings noted on Google, Trip Advisor and Just Eat. At present, there is no alcohol licence in place and this is something a new owner could look to explore. The lease includes this business space in addition to a second (currently empty) shop which is positioned to the rear of this building.
The business occupies a prime location at the centre of Stevenage high street. This area is packed with other local businesses and shops as well as large multiples including Waitrose. Stevenage is well linked by the A1(M) and public transport links are excellent with Stevenage Railway Station close by. Parking is available in the immediate vicinity.
REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator and is only available due to our client’s family commitments. This sale presents an excellent opportunity for a new owner-operator or team to take the business to the next level and immediately increase profits by reducing staffing costs.
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 ten years and began in 2014 at a cost of £423 per week. This includes the empty shop positioned to the rear of this business.
The business is currently operating with two full time and four part time members of staff in employment.
Nok’s Wok has been open for just over one year and is trading well already. We are advised that the business currently has annual turnover of £123,088. This includes £36,192 generated by Just Eat. Full financial details are available upon viewing.
The rateable value is £12,018. Purchasers should enquire with relevant local authorities to confirm the rates payable.
Nok’s Wok is a Thai Oriental Noodle Bar takeaway with no competition in the area and the only Thai on Just Eat in Stevenage. It occupies a prime location in the centre of Stevenage high street. There is substantial scope for growth with the options of expanding the business into the other shop behind it, diversifying and opening another complimentary business there or sub-letting it. A new owner-operator would also be beneficial to reduce staffing costs and boost profits. There is also scope to apply for an alcohol licence and introduce theme nights and events. Early viewings are strongly advised.
Nok's Wok operates from a large, mid terraced property within a parade of shops and businesses. The business is very well branded with newly fitted, bright signage displayed above a fully glazed frontage. Inside, the shop has a dining area made up of a bar and stools that offers seating for fifteen customers and a servery/counter area. The newly fitted and very well equipped catering kitchen is positioned to the right with a staircase leading to the cellar – this has been converted as an extension to the kitchen and includes a wash up area. There are also customer toilets to the rear and access to a small courtyard yard with an outdoor storage room.
The second shop which is currently empty is accessed via this business and is positioned on Middle Row which is a lane of shops that runs parallel to the high street. This has great potential to either expand the noodle business, create a second business or sub lease to another business owner. This is currently used as storage.
Fixtures & Fittings:
3.5 GN hot water Bain Marie with storage underneath
4 GN cold Bain Marie with fridge underneat
3 Ring custom build wok burner with 21 vortex rings
2 x 4 Ring commercial cookers, 1 has a large griddle
2 Basket 20L gas deep fat fryer
Electrolux tall standing fridge
3 Door work surface fridge
Vogue sink and drainer
Full EPOS till with recipe printer and just eat machine
Double pot wash sinks
Electrolux tall freezer
Vogue work surface
Extra storage room in courtyard:
Brand new 2 inch mains gas line installed leading into the basement.
Full 2K CCTV with remote viewing.
Brand new consumer unit.
Full alarm system (needs maintenance).
3x TV montors
Excellent powerful extraction system.
200mb virgin media internet with Ethernet to back shop.
Mon - Thur - 11am - 9pmFri & Sat - 11am - 10pmSun - Closed
£423 Per Week.
|The Business Partnership|