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Licensed Indian restaurant for sale in prime Reading location with 75-80 covers available

Reading, Berkshire
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Fully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading Location Photo 1
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Fully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading LocationFully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading Location
  • Leasehold: £90,000 (Stock at valuation)
  • Rent: £38,000 (£3,167 per month)
  • Turnover: On request
  • Profit: On request

Key Features

  • Established trading history

Business Details

Fully Fitted Licensed Indian Restaurant with 75–80 Covers – Prime Reading Location

A rare opportunity to acquire a fully fitted and extensively refurbished licensed Indian restaurant occupying a prominent roadside trading position on the busy Caversham Road, close to Reading town centre, Reading Mainline Railway Station and Caversham.

The restaurant has been established in its current format since November 2023 and has undergone substantial investment and refurbishment, with the owners advising that approximately £120,000–£130,000 has been invested into the fit-out, décor, commercial kitchen and bar installation. The premises are beautifully presented throughout and provide a genuine “walk in and trade” opportunity for an incoming purchaser.

The premises extend to approximately 2,250 sq.ft and currently provide around 70–75 internal covers, together with forecourt seating potential (subject to any required consents). Internally the property benefits from a stylish dining area, fully fitted bar, quality fixtures and furnishings, customer WC facilities and a substantial commercial kitchen fitted with extensive catering equipment.

Included within the sale is a comprehensive range of equipment including tandoori oven, commercial cookers, large gas burners, extraction system, walk-in fridge, walk-in freezer, stainless steel preparation areas, touchscreen till/POS system, under-counter bar fridges, buffet stations and associated catering equipment.

The business currently trades as an Indian restaurant with a mix of dine-in and delivery trade, however the opportunity would suit a variety of cuisines and hospitality concepts, subject to any necessary consents.

The surrounding area benefits from strong passing traffic together with substantial nearby residential development, helping to increase local footfall and future customer demand.

Leasehold premises held at a current rent of £38,000 per annum exclusive. The vendors have advised that a new lease may be available subject to landlord approval.

The sale includes lease, fixtures, fittings and equipment only. Trading name and branding are excluded from the sale.

An excellent opportunity for an owner-operator, experienced restaurateur or hospitality group to acquire a highly specified restaurant premises in a strong Reading location.

 

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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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