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Description

Well presented, popular, high quality Licensed Thai Restaurant. Excellent trading location, central to Inverness - enjoying year round trade. Spacious and attractive, Thai themed Customer Area seating 64. Good service areas and well equipped Commercial Kitchen. Lanna Thai is a substantial and spacious Restaurant which benefits from a prime trading site central to Inverness, the Highland Capital. In addition to 64 seated covers there is a good demand for take-away meals.

Lanna Thai is a well presented, popular town centre Licensed Restaurant. As it is the only “Thai” Restaurant in Inverness this well frequented business is becoming extremely well known and benefits from a central trading location in the busy Queensgate area of the Highland Capital. The Restaurant has established a good reputation and offers an excellent selection of freshly prepared authentic Thai meals complemented by a wide range of beverages. The well priced range of dining options throughout the day ensures healthy local support, whether from shoppers or from regular business clientele. The smart, modern, open-plan premises combine with friendly staff, a warm welcome, popular cuisine and comprehensive choice of wine, beer, spirits, minerals, specialist teas and coffees to form this attractive business proposition.

In addition to strong local support, Lanna Thai benefits from the strength of Inverness as a trading base. Inverness draws a huge number of visitors. Day trippers from outlying areas supplement tourists from round the world who descend upon the city in varied numbers dependent upon the season. The Highland Capital is a vibrant and expanding city which cuts a fast and dynamic pace in terms of commercial development and business activity. The growing population in and around Inverness combines with a strong business community and established demand from tourism to drive ongoing trade for high quality establishments. The proximity of the River Ness, excellent office and shopping facilities and the new streetscape programme reinforce the benefits of such a busy city centre trading location, whilst the wider locality around Inverness offers a plethora of sporting opportunities for walkers, anglers, golfers etc. with numerous other tourist attractions. Whisky trails, mystic Loch Ness, many accessible Castles, battlefields, clan seats and a host of other opportunities drive demand for accommodation providers and in turn drive lunchtime and evening dining trade to desirable premises such as Lanna Thai.

The current Proprietors have enjoyed running the Restaurant as it stands today, however, plan to relocate and have therefore decided to place the business on the market.

THE PROPERTY
The Restaurant is a smart, modern city centre Licensed Restaurant. The premises are arranged over a single floor. The welcoming open plan layout with attractive Thai themed furnishings creates a popular and easily run business.

PUBLIC AREAS
The Restaurant entry has a well signed presence fronting directly onto busy Queensgate. The main front door of the premises opens onto the main stairwell which leads downstairs directly into the main Customer Area. The premises are open plan easily seating up to 64 covers with an additional comfortable Customer Seating Area for those waiting to go to their table, or perhaps waiting for a take-away. Internal décor and furnishings are to a very high standard. Modern laminate floor coverings, smart wood panelling on the walls, attractive lighting and an integrated music system all help to create a popular atmosphere and an environment enjoyed by a growing client base. Directly overlooking the main trading area is the smart substantive Bar servery, another valuable feature of this desirable business opportunity.

SERVICE AREAS
The business benefits from a well equipped Commercial Kitchen which is conveniently located for service to the main Restaurant area. The Bar is sizeable and well fitted out together with a smart, accessible counter area. A good number of chill cabinets including some larger free standing models are both functional and beneficial from a display point of view.


DEVELOPMENT POTENTIAL
The Restaurant is currently run to suit the present owner’s preferences with relatively little promotional activity. Repeat custom and word of mouth trade are buoyant, however, enthusiastic new owners may choose to increase expenditure on advertising and perhaps offer a home delivery service which would certainly boost turnover beyond its presently successful level.

SERVICES
Mains electricity, water and drainage. Propane Gas.

LICENCES
The business holds a Restaurant License. The new premises license has been applied for.

TRADE
Accounting information will be made available to seriously interested parties subsequent to viewing.
Opening Hours
Monday – Thursday 11.30 am – 2.30 pm
5.30pm – 10.00 pm
Friday – Saturday 11.30 am – 2.30 pm
5.30pm – 11.00 pm
Sunday 5.30pm – 10.00 pm

PRICE
Offers over £65,000 are invited for the leasehold interest complete with goodwill and trade contents (according to inventory). Stock at valuation.

TENURE
The business is currently held on a lease which runs until 2016, the unexpired term of which will be assigned to the successful buyer. Passing rental is currently £7,850 per annum.

Finance & Legal Services
ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. We will be delighted to discuss your financing requirements with you and make an appropriate introduction.

We have a large team of legal experts in-house and can act in all legal matters arising to include Conveyancing and Licence Transfers.

Directions
Lanna Thai Restaurant is central to Inverness at 19 Queensgate per the map below.

Viewing
All appointments to view must be made through the vendors selling agents:
ASG Commercial
York House
20 Church Street
Inverness IV1 1ED
Tel: 0845 4500790
Fax: 01463 711083

Offers
All offers should be submitted in writing to ASG Commercial with whom purchasers should register their interest if they wish to be advised of a Closing Date if one is set.