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Profitable Restaurant and Shop Combo with Accommodation in Reading Berkshire

Reading, Berkshire

CONFIDENTIAL SALE

  • Status

    SOLD / WITHDRAWN

  • Advert ID

    618728

  • Leasehold: Price on Application (Stock at valuation)
  • or
  • Freehold: Price on Application (Stock at valuation)
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Accounts Available
  • Established Business
  • High Turnover
  • Prime Location
  • Potential for Alternative Use
  • Attractive Business
  • Fully Fitted
  • Company for Sale

Business Details

Restaurant and shop for sale

This business is currently available for sale, featuring two distinct locations.

The starting price for the restaurant is £80,000, while the shop is listed at £300,000. If both locations are purchased together, the total price will be reduced to account for the leasehold, with an option to negotiate for the freehold as well.

The restaurant, located in a prime area near Reading city centre, boasts a seating capacity of 40 and is fully equipped with essential appliances, including a pizza oven, char grill, hob, kebab machine, smoker, and fat fryers, enabling immediate operation from day one.

The shop enjoys a significant turnover and is well-regarded within the community. It is also fully equipped and stocked, and includes a professional e-commerce website.

Additionally, both locations feature accommodation above the premises, which can either be utilized by the new owner or rented out.

With effective management, there are numerous opportunities for growth that could lead to a turnover exceeding £1 million

 

. Here are some of the key benefits and opportunities that come with purchasing this business:

  1. Established Customer Base: Both the restaurant and the shop have a loyal customer base, ensuring a steady flow of income from the outset. This provides a solid foundation for growth and expansion.
  2. Strategic Location: Situated near Reading city centre, the restaurant benefits from high foot traffic and accessibility, attracting both locals and tourists. The shop's location is similarly advantageous, being well-integrated into the community.
  3. Diverse Revenue Streams: With two distinct businesses under one umbrella, you have the opportunity to diversify your revenue streams. The restaurant's dining services and the shop's retail operations, along with the potential for online sales through the e-commerce website, create multiple avenues for income.
  4. Accommodation Options: The accommodation available above both locations offers additional value and flexibility. It can serve as a residence for the owner or be rented out to generate extra income.
  5. Growth Potential: With effective management and strategic marketing, there is potential to increase turnover significantly. Expanding the restaurant's menu, enhancing the shop's product offerings, or optimizing the e-commerce platform could contribute to reaching the turnover goal of over £1 million.
  6. Opportunity for Freehold Acquisition: The option to negotiate for the freehold provides the potential for long-term investment security and the possibility of further enhancing the value of the property.

Investing in this business not only promises immediate operational capabilities but also offers substantial opportunities for future growth and profitability.

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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Stay Safe

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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