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Restaurant And Tapas Bar In Reading For Sale

Reading, Berkshire
Asking Price:
£45,000
Turnover:
£195,000
Net Profit:
Available on request

LICENSED RESTAURANT / TAPAS BAR - SPANISH / MEDITERRANEAN STYLE CUISINE - PROSPEROUS AREA OF READING, BERKSHIRE

Well sited not far from the river on a busy road in a prosperous suburb of the Berkshire Thameside Town of Reading.

PREMISES: Single Fronted Restaurant (well-furnished and decorated with some 54 covers, French doors to the rear leading out to a patio sundeck with al fresco seating for a further 16 covers in the summer).

Lower Ground Floor:- Fully Fitted Kitchen. Ladies & Gents Cloakrooms.

LEASE: A new lease for a term of 15 years from March 2016 at a rent of £24,000 per annum subject to 3 yearly reviews.

THE BUSINESS: We are advised that Takings currently average around £3,500-£4,000 weekly with good ratios of profit. Currently Spanish cuisine.

Run by working owner together with his son, a full time kitchen assistant and part time waiting assistants at busy periods.

Hours of Trading:- 10.00a.m. to 3.00p.m. & 6.00p.m. to 11.00p.m.

Price required for goodwill, lease, tenant’s fittings, fixtures & equipment, etc. £49,500 STOCK EXTRA AT VALUATION - PRICE NEGOTIABLE - OFFERS INVITED

Property information

Property:

Leasehold

Leasehold Type:
New
Location:

Prosperous area of Reading, Berkshire.

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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