Chinese Restaurants for sale in Thatcham

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LICENCED CHINESE RESTAURANT, BERKSHIRE

Thatcham, Berkshire, England

  • Leasehold Price: £125,000  Price Reduced arrow_drop_down
Seller Reference: E7615DW
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Business Description
 
 
 
 
 
 
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Seller Reference: E7615DW
Request Details
Business Description
Established 31 years, in historic town centre, taking £7,500 pw @ 65% gp. New negotiable renewable lease with 5 yearly reviews.

DESCRIPTION: The Double fronted 1,500 sq ft restaurant has 60/75 covers with an additional side entrance for takeaways. Inside, the restaurant is laid out with a bar section and a separate takeaway section to the side and rear.
The 1st floor is the function/party room. Good size stockroom and ladies and gents wc’s. 2 car spaces are included with the premises.
BUSINESS: Established in 1987 and in the same hands since 1997, the business is run by the family with one full time and 3 part time staff taking £7,500 pw at 65% g,p.
EQUIPMENT: Fully fitted and equipped restaurant and kitchen with a wash up section, a walk in cold room plus freezers and also a small storage area.
HOURS: Noon to 2 pm and 5 pm to 11 pm.
TENURE: New negotiable renewable 20 year lease is offered with 5 yearly rent reviews at an initial rent of £26,000 pa.
Trading hours:
Noon to 2 pm and 5 pm to 11 pm.
Number of employees:
family with one full time and 3 part time staff
Tenure:
Leasehold
Location Details:
In a thriving affluent and busy picturesque country town with a seven hundred acre Conservation Park, the Kennet & Avon Canal flowing through it, a famous race course and golf course nearby. The restaurant is situated in the busy town centre close to Costa Coffee, the Co-op, Waitrose and all the local shops. There are good parking facilities in the area including just outside and within a 15 minute walk of the station.
Leasehold Term:
New negotiable renewable 20 year lease is offered with 5 yearly rent reviews at an initial rent of £25,000 pa.
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