Summary - 1A, MOLESWORTH STREET PL27 7DA
1 bed 1 bath Restaurant
Profitable riverside Thai restaurant with strong margins and immediate cashflow potential..
Net turnover £364K pa with EBITDA £202K pa
An established Thai restaurant and takeaway occupying a prominent riverside position in Wadebridge, offered as a leasehold business sale. The operation currently runs as a 50-cover restaurant (approximately 70% of trade) with a 30% takeaway element, reporting a net turnover of £364,000, a gross profit margin of 78% and an EBITDA of £202,000 pa. The trading figures indicate strong unit economics and immediate income for a buyer seeking a cash-generative hospitality business.
The premises are well presented with an authentic ambience, good street frontage overlooking the River Camel and a fully equipped commercial kitchen suited to continued restaurant use. The fit-out is modern-industrial and requires minimal cosmetic work to continue trading; the property benefits from easy customer access at street level and visible signage opportunities. EPC rating C (57) and low flood risk are positive practical points for operation and insurance.
Notable practical considerations are factual and important: the sale is leasehold (price shown £165,000 plus SAV) so lease terms and service liabilities must be checked. The building is older (pre-1900) with granite walls assumed uninsulated, and main heating is electric storage heaters — these factors can affect energy costs and comfort. Broadband speeds are very slow, which may constrain online ordering systems unless upgraded. Local crime is recorded above average; prospective buyers should review security measures and insurance costs.
This opportunity suits an investor or hands-on purchaser wanting a well-located, profitable restaurant with immediate cashflow and potential to tweak turnover through extended takeaway, delivery, or seasonal promotions. Full on-site inspection and review of the lease, accounts and plant inventory are recommended before exchange.
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