Restaurant for saleNewbury, Berkshire, RG14
- Good Class Licensed Restaurant
- Town Centre Location
- Self Contained Two Bed Flat
- Newbury, Berks
AVAILABLE FREEHOLD OR ON LEASE - 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 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.
Price required for the valuable Freehold property together with the goodwill, fittings, fixtures, utensils, trade furniture & equipment of the Licensed Restaurant business:- £465,000 STOCK EXTRA AT VALUATION
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 £27,500 per annum exclusive of rates and subject to 5 year reviews. Price required for goodwill, lease & furnishings, etc:- £75,000 STOCK EXTRA AT VALUATION
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