Well Fitted Licensed Restaurant In Berkshire For Sale

Business description

Total area in the region of 2,500 sq. ft. including seating area, kitchen and storage. We understand the restaurant has recently been refurbished.

Ceramic tiled floor plus partly quality carpeted slight raised area with woodstrip floor, ceiling with spotlighting. Tables and chairs providing seating for 90 persons (can be increased to accommodate 100 persons). BAR, 2 glass fronted counter fridges, wine fridge.

Fully tiled ladies' cloakroom with 2 w.c's, 2 wash hand basins
Fully tiled gentlemen's cloakroom with 2 urinals, 1 w.c. 2 wash hand basins
Fully tiled disabled cloakroom with w.c. and wash hand basin

LEVEL COMMERCIAL KITCHEN fully equipped including 12-burner gas cooker, 1 4-burner gas cooker, large single burner, Tandoori oven, heated cabinet, walk-in coldroom, 2 chest deep freezes, 1 upright deep freeze, stainless steel tables etc.

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease expiring in January, 2020 at a current rental of £30,000 p.a. exclusive of rates. We understand the last review was in January, 2010 and the rent was not increased. We are further advised that rent reviews are every 5 years.

Uniform Business Rates: £10,000 p.a. approx.

THE RESTAURANT HAS BEEN IN THE SAME HANDS FOR THE PAST 6 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

RECOMMENDED FOR EARLY INSPECTION

Location:

Situated in a shopping mall, town centre position, BERKSHIRE

Business Operation

Expansion potential:

WE ARE INFORMED the turnover averages £7,000 p.w. mainly restaurant turnover with only approximately we understand 5% of turnover in respect of takeaway.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £125,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

12 noon - 2.30 p.m. & 6 p.m. - 11 p.m. seven days per week

Employees:

The restaurant is at present operated by 2 partners with the assistance of 6 full time plus 2 part time staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance