Sought after Restaurant with Bar and Nightclub in Berkshire For Sale

Situated in a parade, prime trading position, sought after BERKSHIRE

Turnover £ 12,000
Price £350,000

Features

Impressive Bar & Restaurant Plus Night Club (friday & Saturday Only)

4 STAR HYGIENE RATING
5 DAYS OPENING
FORECOURT SEATING FOR 8 PEOPLE

BI Fold FRONTED PREMISES in the region of 2,000 ft² WITH ELECTRIC SHUTTERS, marble tiled floor, LED lights. Marble Bar with 4 pumps and seating for 6 People, EPOS till, Tables and chairs providing seating for 50 People, CCTV system (22 cameras, 3 monitor)

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), 2 x Deep fryer, pizza oven (2-deck), grill, preparation table, refrigerated making table, combi oven, fresh air intake.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

First floor in the region of 900 ft² night club and bar (additional lounge seating)

Stock room / Store room.
Office
First floor flat roof (additional storage).

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,000 p.w. with a Gross profit of 65% approx. (increasing dramatically during racing events)

In addition, on Racing weekends additional £3,000 / £4,000 and for big weekends £20,000 + Racing week £80,000 +

Staff

The business is at present operated by Staff, 2 bar man, 1 chef, I porter, 1 waitress, plus additional agency staff as required.

Trading Hours

5 Day week (2.30am LICENCE)
TUESDAY - THURSDAY 4pm - 12pm
FRIDAY & SATURDAY 4pm - 2am

Outside

Rear yard for bins

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £57,000 p.a.

Business Rates from April 2025 £5,800 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £350,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 175,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote