260 Seater Berkshire Town Centre Restaurant For Sale

Business description

Quality Busy Town Centre Licenced Restaurant / Function Suite - Seats 260 People.

Well located with eye-catching street frontage in the centre of a prosperous Berkshire Town.

The Very Spacious Premises occupy three floors, i.e. ground floor, first floor and lower ground floor (total floor space circa 5,620sq.ft. - 522m2).

Impressive Ground Floor Entrance approached via plate glass double doors into a vestibule leading into the Main Restaurant with seating for circa 160 (well appointed throughout with polished marble wall covering, attractive furnishings and flattering lighting).

Adjoining is a Spacious and Comprehensively Equipped Kitchen appropriate for servicing a restaurant of this status.

Lower Ground Floor:- Additional Preparation Areas. Storerooms. Cold Room. Restroom. Staff Cloakroom.

First Floor:- Spacious Function Suite with seating for 160 (again all well appointed with close fitted carpet, inset spotlighting, corner bar, etc.). Two Private Rooms adjoining. Ladies & Gents Cloakrooms.

All levels are serviced by wide stairways and service lifts.

All Main Services.

The business has been established in the town for many years and enjoys an excellent reputation.

We are advised that Takings currently average around £20,000 weekly with high ratios of profit. Books and Accounts will be available for inspection of bona fide applicants.

Property information

Property:

Leasehold

Lease terms:

18 years unexpired at a current rent of £59,000 per annum for three years rising to £61,000 per annum for the following 5 years and thereafter at 5 yearly reviews. Current Service Charge circa £16,500 per annum.

Leasehold rent:

£59,000 per annum

Business Operation

Trading hours:

12.00noon to 4.00p.m. & 6.00p.m. to 11.00p.m. daily.