Thai Restaurants for sale in Wokingham

View the "OLD ESTABLISHED FULLY LICENSED RESTAURANT - 74 COVERS - PROMINENT CORNER SITE - WOKINGHAM TOWN CENTRE, BERKSHIRE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Thank you for your part in promoting the Café and enabling the sale. 

John Peacock (Feb 2017)
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Leasehold Price: £100,000 Weekly Turnover: £3,000
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Business Description
OLD ESTABLISHED FULLY LICENSED RESTAURANT - 74 COVERS - PROMINENT CORNER SITE - WOKINGHAM TOWN CENTRE, BERKSHIRE

Occupying a prominent corner position in the Town Centre of the busy Berkshire Market Town of Wokingham.

The Spacious Corner Premises are held on a 20 year lease which expires in June 2020 (no difficulty anticipated over renewal). Current rent £25,750 per annum.

GROUND FLOOR: Spacious Restaurant (expensively fitted to high standard - 26 covers). Fully Equipped Kitchen. Ladies & Gents Toilets.

FIRST FLOOR: Additional Restaurant Area (space for a further 48 covers). Additional Ladies & Gents Toilets.

Managed by vendor and wife with additional help at busy periods.

We are advised that Takings are currently averaging around £3,000 weekly but with considered potential for much higher levels of trading.

We understand that trading figures have been much higher in the past and are currently suppressed by town centre building works shortly due for completion and when finished are expected to create an environment which will be beneficial to the surrounding traders and attract more visitors to the town, at which time vendor considers the business will increase. Books & Accounts will be available.

Price required for goodwill, lease, tenant’s fittings, fixtures, utensils, furnishings & equipment:- £100,000 STOCK EXTRA AT VALUATION
Tenure: Leasehold

Location Details:
Occupying a prominent corner position in the Town Centre of the busy Berkshire Market Town of Wokingham.

Leasehold Term:
The Spacious Corner Premises are held on a 20 year lease which expires in June 2020 (no difficulty anticipated over renewal). Current rent £25,750 per annum.

Website:

Listed by: A H LANSLEY

Find out more about this business opportunity.

 
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DT.5100
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