Premier Reading Nepalese & Thai Restaurant For Sale

Business description

Advent Business Sales are pleased to offer to the market this prestigious and very well established Nepalese and Thai restaurant and takeaway.

Founded over 20 years ago and in the hands of our client for over 6 years, the restaurant is only now being offered for sale to enable him to pursue an alternative unrelated business venture.

The restaurant offers a large and varied menu of Nepalese and Thai dishes and is also able to offer a full range of alcoholic drinks.

The restaurant has an enviable local reputation for quality food and offers a discount from the menu prices for orders collected for gives free home deliver within a 4 mile radius for all orders over £20. Sunday buffet lunches are all you can eat for only £8.95.

The reputation has spread afar, so that a purported member of the Saudi Royal family recently came to dine and so pleased with the meal that a huge tip was left.

The restaurant has circa 70 covers within a rectangular seating arrangement with the premises being in excellent decorative order throughout and a new owner having nothing to do on take over.

The business employs 2 part time staff who work on average 20 hours per week each and also 6 full time. They achieve excellent weekly sales of approx £6,000 with most customers coming from within a 30 mile radius. The restaurant does no advertising with all new diners coming from personal recommendation and word of mouth.
The restaurant has a 2 bed, 2 bathroom and a kitchen on the upper floors, which are currently used as staff living accommodation.
REF: 9242RG

Property information

Property:

Leasehold

Lease terms:

TENURE: Leasehold
Original lease: 25 years
Remaining lease: 8 years
Review every: 5 years
Rent: £24,000 P.A.

We are advised that the annual business rates are currently: £3,500

Location:

The restaurant has an excellent location on a busy main road in an affluent part of Reading in Berkshire. Situated just outside the main town centre, the restaurant is surrounded by residential properties as well as a good mix of commercial enterprises who often drop in for lunch.

Parking is time limited free of charge immediately outside on street, but there are no evening restrictions.

Premises details:

BUSINESS PREMISES:
Large spacious 70 cover restaurant in excellent decorative order and briefly comprising:

Ground Floor
• Side door from pavement into lobby entrance, into the restaurant with reception/bar area with window seating/waiting
• Long rectangular restaurant with 70 covers
• Rear door to w/c’s which have disabled facilities
• Rear managers office
• Rear fully fitted commercial kitchen with back exit
• Side stairs to basement
• Side access to self contained first and second floor flat with 2 bedrooms (both doubles), 2 bathrooms and a kitchen
Basement
• Large basement –currently unused

Other information

Expansion potential:

The restaurant is clearly very successful but still offers excellent scope to increase both sales and profits further by converting the
large basement into a separate wine bar or to gain extra covers.

Trading hours:

Sun - Thurs : 12.30 – 2.30pm
5.30pm – 11pm
Fri – Sat: 12.30 – 2.30pm
& 5.30pm – 12pm

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