For Sale
Highly Rated Korean Restaurant In Newbury
Newbury, Berkshire
- Asking Price: £39,995 +SAV
-
Turnover:
We are advised as per the 2022 accounts, the business generated a turnover in the region of £139,000. Full financials can be made available upon further request.
- Tenure: Leasehold
- Assets only £19,995
- Or whole business £39,995
Hilton Smythe are delighted to welcome to the market a highly rated Korean restaurant in Newbury, Berkshire.
The restaurant was established by our client 2017, building up an excellent reputation during its time of trading. As seen by some online ratings and reviews, the business is extremely popular within the local area.
The business has now come to the market as our client is looking to move onto other interests.
The Korean restaurant is one of a kind in the area, and receives regular repeat custom.
Key selling points -
- Excellent location
- Well established
- Outstanding reputation
- Not much competition in the area
- Repeat custom
- Push marketing/advertising
- Leaflet drops
- Create a dedicated website
We are advised that the business is run and managed by our clients, with the help of 1 staff member in the Kitchen.
The current trading hours are -
Monday - Closed
Tuesday – 12:00pm – 10:00pm
Wednesday – 12:00pm – 10:00pm
Thursday – 12:00pm – 10:00pm
Friday – 12:00pm – 11:00pm
Saturday – 12:00pm – 11:00pm
Sunday – 5:00pm – 10:00pm
The restaurant is located on Northbrook St, in the town centre of Newbury, Berkshire.
The business has eye catching signage and receives high levels of footfall and passing trade.
Occupies a single fronted premises on a busy parade
Ground floor -
- Restaurant space with seats and tables
- Commercial kitchen area towards the back of the premise
- Commercial kitchen
- Extraction system
- Tables and chairs
- Fridges
- Freezer
- Counter
- Till and card reader
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 15 year lease. The rent is £28,000 per annum, with rates payable at £15,000 per annum.
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Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
