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Restaurant In Newbury For Sale

Newbury, Berkshire
Freehold Price:
£340,000
Lease Asking Price:
£40,000
Sales Revenue:
£255,947
Cash Flow:
Available on request

Good class licensed restaurant - 54 covers - town centre location - newbury, west berks

Well located in the Town Centre of the prosperous West Berkshire Country Town of Newbury.

The Premises and comprise:-

Double Fronted Restaurant (approx. 24’ frontage x 35’ max depth - seating for 54). Fully Equipped Kitchen. Ladies & Gents Cloakrooms with Disabled facilities.

Outside:- Yard with driveway. Car space. Outside Store.

First Floor:- Self Contained Flat - Two Bedrooms. Kitchen. Bathroom.

Account figures for year ended 31st August 2016 show Turnover £255,947 (i.e. £6,000 weekly inc VAT) with a Gross Profit £171,700. Books & Accounts available for inspection.

Run by working owner in management supervision together with a full time chef and waiting staff.

Purchase options

Price required for the valuable Freehold property together with the goodwill, fittings, fixtures, utensils, trade furniture & equipment of the Licensed Restaurant business:- £340,000 Stock extra at valuation - offers invited

OR

A new Full Repairing & Insuring Lease will be granted in respect of the whole premises for a term of 15 years at a commencing rent of £25,000 per annum exclusive of rates and subject to 5 year reviews. Price required for goodwill, lease & furnishings, etc:- £50,000 Stock extra at valuation

Property information

Property:

Available as freehold and leasehold

Other Information

Leasehold asking price:
£40,000

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