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Licensed Restaurant In Newbury For Sale

Newbury, Berkshire
Asking Price:
£120,000
Sales Revenue:
£403,000
Cash Flow:
Available on request

Old established fully licensed restaurant - 70 covers - 5 bed self-contained accommodation - excellent main street corner location / few miles newbury, berks

Fully Licensed Indian Restaurant situated in the High Street of a well sought and developing Country Town near Newbury, West Berkshire.

Well known locally and successfully run under the same ownership for 16 years. The 70 cover restaurant (scope for 85 covers) benefits from self-contained 5 bedroom accommodation above and 10 dedicated parking spaces. Ample street parking.

The Sizable Restaurant Premises (circa.1950sq.ft./180m²) are held on a 20 year lease, we are advised, having about 13 years unexpired at a rent of £30,000 per annum with 5 year reviews. Next review is approximately in 2 years time.

Licensed Restaurant. Comprehensively Equipped Kitchen. Two Spacious Storerooms. Well Presented Ladies / Men’s / Disabled Cloakrooms.

First Floor:- Self-Contained Five Bed Flat currently housing staff in three bedrooms with the remaining two bedrooms privately let generating an income of £10,000 per annum.

We are advised that current Takings average around £7,500/£8,000 weekly. The menu is authentic, reasonably priced and appeals to a diverse clientele. Books available for inspection to a serious buyer.

The business is run by the working owner together with staff, now regrettably for sale as the owner wishes to retire and feels he no longer can devote enough time and attention to running the business to its full potential.

We consider this to be a great opportunity for an experienced, hands-on operator to take over this 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 goodwill, lease, tenant’s fittings, fixtures, utensils, furnishings & equipment:- £120,000 Stock extra at valuation

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