Fully Fitted Licensed Indian & Indo Chinese Restaurant with 8 Year Lease – Reading

Licensed Indian & Indo-Chinese Restaurant – Reading
£43,000 Plus SAV

An opportunity to acquire a fully fitted and licensed Indian & Indo-Chinese restaurant business in Reading.

The premises occupy a prominent position on Northumberland Avenue within a busy residential catchment area and benefit from ample customer parking to the front of the parade on a first come, first served basis.

The business specialises in authentic North Indian, Goan and Indo-Chinese cuisine and benefits from indoor seating for approximately 25 covers, a fully equipped commercial kitchen, CCTV and a 5-star food hygiene rating.

The premises extend to approximately 50 sq m (538 sq ft) overall and include equipment such as a tandoori oven, extraction system, double fryer, 9-flame gas hob with oven, refrigerated preparation counters, stainless steel preparation areas and further catering equipment.

The premises licence permits the sale/service of alcohol from 12pm until 10pm, 7 days per week.

The vendors advise current turnover of approximately £2,000–£2,500 per week with further scope to increase trade through extended opening hours, increased marketing and delivery expansion.

Lease details:

• Lease until 30th April 2034
• Approx. 8 years remaining
• Rent: £14,000 per annum exclusive
• Contracted outside the Landlord & Tenant Act 1954

Rateable Value: £12,750
EPC Rating: D (90)

Applicants should note that the landlord operates a strict referencing and approval process for any incoming tenant.

Viewings strictly by prior appointment through the sole agents, Lansley Commercial. Please do not approach staff, customers or the owner directly.