Licensed Indian and Indo-Chinese Restaurant for Sale in Reading with 8-Year Lease

Description

An opportunity has arisen to acquire a fully fitted and licensed Indian and 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 and 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 2034Approx. 8 years remainingRent: £14,000 per annum exclusiveContracted outside the Landlord and Tenant Act 1954Rateable value: £12,750EPC 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.