Summary - Foam Cottage, Higher Market Street, Looe PL13 1BP
1 bed 1 bath Restaurant
**Standout Features:**
- Award-winning Thai restaurant with “Thai Select” seal
- Established for over 20 years, owner-operated for 10 years
- Recently refurbished with modern equipment included in the sale
- Excellent trading position in a busy holiday destination
- Strong reputation with high repeat trade from locals and tourists
- Current annual turnover of £244,146
- Leasehold with 8 years remaining, £16,800 annual rent, and zero business rates
**Notable Concerns:**
- Limited opening hours; currently not open for lunch
- Mortgage lenders may hesitate due to the remaining lease term
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Discover an incredible opportunity to own an award-winning Thai restaurant located in the picturesque town of Looe, Cornwall. Boasting a superb trading position, this leasehold property features a charming, newly renovated interior that combines rustic elements with modern conveniences, providing an inviting atmosphere for guests. An established business with over 20 years in operation, it has garnered a loyal clientele and a strong reputation for serving authentic Thai cuisine, freshly prepared using the finest local produce.
With an annual turnover of £244,146, the restaurant has significant potential for growth, particularly with the option to extend operating hours to cater to the untapped lunchtime crowd during peak seasons. The premises come fully equipped, ensuring a smooth transition for the next owner.
Take advantage of being in a thriving tourist destination that attracts visitors year-round and has a low crime rate, perfect for families looking for a vibrant community. While the property comes with an 8-year remaining lease that may impact financing, this thriving restaurant represents an exceptional investment for those ready to dive into the hospitality industry. Early viewing is highly recommended to secure this unique opportunity before it’s gone!
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