Award Winning Restaurant Opportunity In Oxford For Sale

Oxford, Oxfordshire, UK

Asking Price:: £775,000

Turnover:: £1,500,000

Net Profit:: Available on request

Exciting opportunity to acquire a very long established licensed restaurant which has been trading for almost 30 years in the historic city of Oxford.

Key features:
- Long established restaurant
- Located within the Affluent and Historic City of Oxford
- Net sales in year to June 2023 circa. £1.5 million with high six figure profits generated.
- Impressive trading premises across four floors
- Would suit investors as easy to run, a restaurant group or hands-on working owners
- Dining areas providing 92 covers
- Highly confidential sale
- Outstanding Tripadvisor and Google Reviews

Property Information

Property:: Leasehold

Lease Terms:

The property is held on a fully repairing and insuring lease from an Oxford College for a term of 20 years from 25th March 2017 at a passing rent of £64,000 per annum, exclusive of business rates, and subject to rent reviews every 5 years – next review due March 2027.

Subject to the status of the assignee, the landlord may require payment of a rent deposit equivalent to 3-6 months’ annual rental to be held for the duration of the lease. Interested parties should take this into consideration when preparing financial forecasts and budgets. The vendors provided a six months’ rent deposit.