Large Well Appointed Licensed Restaurant In Berkshire For Sale

Business description

• Affluent Berkshire Town
• Licensed for 120 Covers
• 2 Function Rooms
• Outstanding Cuisine

Established for 28 years, our clients have extended a warm welcome to customers who have enjoyed the friendly relaxed atmosphere and the highest standard of cuisine.

A truly individual restaurant, the restaurant has earned a well deserved reputation for providing outstanding cuisine within a relaxed and intimate setting. Occupying a strong trading location, the property comprises a Restaurant (120 covers) with bar servery; and well-equipped commercial kitchen with ample stores, large secured yard, customer and staff toilets. The restaurant also benefits from 2 separate function room which can be made into 1 large function room if required.

Trading on a busy high street location in this affluent Berkshire town, the restaurant enjoys a high footfall of local residents drawn to the offerings of the area. It also benefits from a car park situated close by.

The vendors own the freehold and subject to satisfactory references are prepared to grant a new full repairing lease exclusive of rates. We have been advised the business rates are currently £9,500 p.a.

There is also a 3 bedroom owners/staff accommodation available with a separate entrance if required.

We have been advised the restaurant shows a good set of accounts with sales circa £250,000 p.a. in our opinion offering tremendous potential for further increase in the right hands.

The business serves private individuals as well as corporate bookings and private functions. The trading name is well known in the local community, and is the restaurant of choice for customers looking for the best quality food, in comfortable and well appointed surroundings, at a reasonable cost. With further promotion, and continued trading, the business is ready to expand further and accommodate a full service every night. There is room to promote the offerings for private functions.

Property information

Property:

Leasehold