Restaurants for sale in Reading

View the "LICENSED RESTAURANT / TAPAS BAR - SPANISH / MEDITERRANEAN STYLE CUISINE - PROSPEROUS AREA OF READING, BERKSHIRE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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S Martin (Feb 2013)
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Leasehold Price: £49,500 Price Reduced Weekly Turnover: £3,750
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Business Description
LICENSED RESTAURANT / TAPAS BAR - SPANISH / MEDITERRANEAN STYLE CUISINE - PROSPEROUS AREA OF READING, BERKSHIRE

Well sited not far from the river on a busy road in a prosperous suburb of the Berkshire Thameside Town of Reading.

PREMISES: Single Fronted Restaurant (well-furnished and decorated with some 54 covers, French doors to the rear leading out to a patio sundeck with al fresco seating for a further 16 covers in the summer).

Lower Ground Floor:- Fully Fitted Kitchen. Ladies & Gents Cloakrooms.

LEASE: A new lease for a term of 15 years from March 2016 at a rent of £24,000 per annum subject to 3 yearly reviews.

THE BUSINESS: We are advised that Takings currently average around £3,500-£4,000 weekly with good ratios of profit. Currently Spanish cuisine.

Run by working owner together with his son, a full time kitchen assistant and part time waiting assistants at busy periods.

Hours of Trading:- 10.00a.m. to 3.00p.m. & 6.00p.m. to 11.00p.m.

Price required for goodwill, lease, tenant’s fittings, fixtures & equipment, etc. £49,500 (OFFERS INVITED) STOCK EXTRA AT VALUATION
Trading Hours:
10.00a.m. to 3.00p.m. & 6.00p.m. to 11.00p.m.


Number of Employees:

Owner and son, a full time kitchen assistant and part time waiting assistants.

Tenure: Leasehold

Location Details:

Well sited not far from the river on a busy road in a prosperous suburb of the Berkshire Thameside Town of Reading.

Leasehold Term:

A new lease for a term of 15 years from March 2016 at a rent of £24,000 per annum subject to 3 yearly reviews

Listed by: A H LANSLEY
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DT.4914
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