Prime 2-in-1 Fast Food Restaurant & Takeaway in Reading - Newly Refurbished & Fully Equipped
Reading, Berkshire
- Status
FOR SALE
- Date Submitted:
06/12/22
- Advert ID
504834
- Reference
DT.5189 / Rightbiz
- Call Agent:
- Leasehold: £300,000 (Stock at valuation)
- Rent: £50,000
- Turnover: On request
- Net Profit: On request
Key Features
- Price Reduced
- Price Further Reduced
- Fully Fitted
- Attractive Business
- Town Centre location
- Open Plan Trading Area
Business Details
EXCELLENT ’2 IN 1’ FAST FOOD RESTAURANT T A NEWLY FITTED EXCELLENTLY EQUIPPED READING, BERKS
Excellent ’2 in 1’ Fast Food Restaurant / Take-Away / Delivery - Circa. 2730sq.ft / 256m² - Newly Fitted / Refurbished to High Standard / Excellently Equipped - Reading Town Centre
Situated in the very busy and sought after Reading Town Centre, we offer for sale two franchised businesses under one roof (‘2 in 1’). Immaculately presented and excellently fitted (no expense spared) Fast Food Restaurant / Take-Away / Delivery incorporating a Burger Bar and a Chinese Noodle Bar (with the option of incorporating a dessert / ice cream bar too).
The premises, we are informed, are held on a 10 year lease commencing 28th May 2021 and ending 27th May 2031 with a 5 year break clause. Rent for Years 1 & 2 £50,000 per annum (4,166.66 per calendar month) thereafter increasing to £62,500 per annum (£5,208 per calendar month). Six month surety rent deposit required.
Rateable Value:- £69,000 (amount payable - circa 49%)
EPC Rating:- C-66
The premises comprise:- Large, bright and open dining and take-away ordering area. Ample seating throughout (circa 45/50), potential for an Ice Cream Parlour section to the fore (currently not utilised), menu & marketing screens throughout, CCTV, air-conditioning system, tiled floors and modern LED lighting.
Noodle Bar with dedicated counter and kitchen on one side of the spacious premises and the Burger Bar with its dedicated counter and kitchen on the other side. Both kitchens with walk-in refrigerators and freezers and fully equipped to high standard (full equipment list to be made available to serious applicants).
Two cloakroom facilities for customers. Staff cloakroom and changing room. Storerooms. Covered bin area at rear.
We are advised that the current combined Takings average around £12,000 weekly.
Both businesses operate under one company and are franchised. We are informed that the franchise fee for the Burger Bar is £950 inc VAT (currently waived) and the franchise fee for the Noddle Bar is £1,500 plus VAT.
The business has been operating since May 2021 and is now for sale as the owners run several other similar businesses in the central London area and are finding it difficult to focus on this business due to its location.
An internal viewing is highly recommended to fully appreciate the location and superb standard of the restaurant furnishings and equipment.
Price required for lease, goodwill, tenant’s fittings, fixtures, utensils, furnishings & equipment:- £300,000 Stock extra at Valuation
Contact Agent
Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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