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Licensed Restaurant/Function Venue
Berkshire-wide, England   Brokered By: Jason
Asking Price: £ 115,000.00 Annual Sales Revenue: Undisclosed


BUSINESS PROFILE VIEW

Business Information

Business Identifier

Licensed Restaurant/Function Venue

Reference

DT5188

Looking For

Buyer / Freeholder

Business Start Date

Undisclosed

Franchise

No

Sector

Retail

Industry

Food & Beverage

Business Description

Well Renowned Licensed Restaurant / Function Venue / Catering / Take-Away - 180 Covers / Circa. 5000sq.ft/477m² - Indian / Oriental 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, catering and party venue, take-away and delivery business in very large and ‘fit for purpose’ setting. Beautiful koi pond inside, adding to the relaxed ambience.
‘Indo-Chinese’ buffet concept with a reputation for high quality authentic dishes 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 8 years unexpired at a rent of £48,000 per annum plus VAT. Tenant break clause in 2025.
Licensed Restaurant (smart and well equipped with seating for 180 covers). Function Room area with a separate bar. Expansive & Comprehensively Equipped Kitchen and Preparation Room. Separate Beer & Wine Chiller Room. Small onsite office. Newly Refurbished Ladies, Men’s & Disabled Cloakrooms.
Rear Access with refuse area and two parking spaces. Further parking spaces available plus agreement for extensive customer parking when required.
The premises have full air-conditioning throughout and have a new water boiler and storage system.
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 can no longer 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 with a the support of a well-experienced team.
Currently run by owner (2 days per week), full time front of house manager, three full time kitchen staff and four part time front of house staff members. Virtually staff run. Excellent, transparent rill system allowing business to be run by owner remotely.
We feel this is a wonderful opportunity for an experienced, hands-on operator to take control of this highly sought after location.
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:- £115,000 Stock extra at Valuation

UK Country

England

County/City

Berkshire-wide

Current Status

None

Asking Price (£)

115,000.00

Annual Sales Revenue (£)

Undisclosed

Gallery

Gallery

No Images Added

Broker Details

Broker Details

Broker Name

Mr. Jason Atkins

Email

jason@ahlansley.co.uk

Phone number

0118 9590271
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Disclaimer

Disclaimer

Values for Annual Sales Revenue may be approximate.

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