Reading, Berkshire, RG2

An excellent opportunity to acquire a long-established and independently owned Chinese restaurant, prominently positioned in South Reading, close to the University and surrounded by residential housing, schools, and complementary retail and food outlets.

The business offers around 80-100 covers in an attractively presented, traditionally styled dining area with a mix of table sizes and good natural light. To the rear is a fully equipped commercial kitchen with substantial extraction system, storeroom, staff WC, and access to a rear yard. The premises are not currently licensed for alcohol, although a new owner could reinstate a license by application.

The business provides eat-in, takeaway, and in-house delivery services with a loyal customer database exceeding 1,000 regulars. Deliveries are handled by a full-time driver, with no reliance on Uber Eats, Deliveroo, or Just Eat, offering clear potential for expansion.

Included above the restaurant is a self-contained two-bedroom flat, currently sublet at £1,200 per calendar month, accessed via external steps to the rear - ideal for staff or owner accommodation.

Operated by the current owners for approximately eight years (and a Chinese restaurant for many years before that), the business has built a strong local reputation and consistent trade. The sale is prompted by family commitments limiting the owners' available time.

The premises are held on a 10-year FRI lease from January 2023 at a rent of £34,800 per annum, with the next rent review due January 2028.

Turnover: Circa £6,000 per week (no accounts available)

Rateable Value: £34,250 (applicants to make own enquiries)

Price: £75,000 + SAV
Viewing: Strictly by prior appointment through Lansley Commercial -
Ref: DT5215