Restaurants for sale in Reading

View the "EXCELLENT LICENSED RESTAURANT / FUNCTION VENUE / CATERING / TAKE-AWAY / 180 COVERS / CIRCA. 5000SQ.FT/477M² - INDIAN / ORIENTAL / GLOBAL CUISINE - AFFLUENT THAMES VALLEY BERKSHIRE AREA" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

EXCELLENT LICENSED RESTAURANT / FUNCTION VENUE / CATERING / TAKE-AWAY / 180 COVERS / CIRCA. 5000SQ.FT/477M² - INDIAN / ORIENTAL / GLOBAL CUISINE - AFFLUENT THAMES VALLEY BERKSHIRE AREA

Reading, Berkshire, England

  • Leasehold Price: £90,000
  • Under Offer
Seller Reference: DT.5164
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Business Description
 
 
 
 
 
 
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Seller Reference: DT.5164
Request Details
Business Description
EXCELLENT LICENSED RESTAURANT / FUNCTION VENUE / CATERING / TAKE-AWAY / 180 COVERS / CIRCA. 5000SQ.FT/477M² - INDIAN / ORIENTAL / GLOBAL CUISINE - AFFLUENT THAMES VALLEY BERKSHIRE AREA

Fully Licensed Restaurant / Function Venue / Catering / Take-Away & Delivery business prominently located in a prosperous suburb in the Thameside Town of Reading Berkshire.

Buffet Restaurant before Covid 19 lockdown, currently operating as a dine-in restaurant with very good take-away sales until buffet option can be reinstated.

‘Global Cuisine’ buffet concept with a reputation for high quality food and hygiene standards (5 star Food Hygiene Rating 2018). Almost no expense spared on recent refurbishment and authentic décor.

The sizable premises (circa. 5,000sq.ft.-477m²) are held on a 12 year lease with 10 years unexpired at a rent of £48,000 per annum plus VAT. Tenant break clause in 2025. Currently no rates payable (review 2021).

EPC Rating:- N/A (Listed Property)

Licensed Restaurant (smart and well equipped with seating for 180 covers). Function Room area with a separate bar. Comprehensively Equipped Kitchen and Preparation Room. Newly Refurbished Ladies, Men’s & Disabled Cloakrooms.

Rear Access with refuse area and two parking spaces.

We are advised that Takings averaged around £10,000 weekly before lockdown. Now, after re-opening, levels are on an upward curve and vendor is optimistic that levels will reach those previously achieved and beyond. The menu is reasonably priced and appeals to a diverse clientele.

The business is now regrettably for sale as the owner has a full-time commitment elsewhere which is increasingly taking up more of his time and he now cannot devote enough time and attention to running the business.

This is, therefore, an exciting opportunity for a new, experienced owner to take over a well-established business and put their own stamp on it.

An internal viewing is highly recommended to fully appreciate the location and superb standard of the restaurant furnishings and equipment.

Price required for lease, goodwill, tenant’s fittings, fixtures, utensils, furnishings & equipment:- £90,000 STOCK EXTRA AT VALUATION
Tenure:
Leasehold
Location Details:
Prominently located in a prosperous suburb of the Thameside Town of Reading Berkshire.
Leasehold Term:
The sizable premises are held on a 12 year lease with 10 years unexpired at a rent of £48,000 per annum plus VAT. Tenant break clause in 2025.
Listed by:
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