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Mexican Street Food Restaurant with Licensed Bar for Sale in Vibrant Leeds Area

Leeds, West Yorkshire
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  • Status

    FOR SALE

  • Date Submitted:

    08/12/23

  • Advert ID

    603668

  • Reference

    590278 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £55,000
  • Turnover: £312,000 (£6,000 Per week)
  • Net Profit: Not Applicable

Business Details

Restaurants For Sale in Leeds

RESTAURANT in Leeds for Sale.

Licensed bar and restaurant premises in a west Leeds township that enjoys a vibrant bar, restaurant and cafe scene. A highly desirable and much sought after residential district with easy, short commuting to Leeds city centre. The many unique, independently owned venues attract a lot of footfall to this bustling drinking and dining circuit. The restaurant currently offers a simple Mexican street food style menu, both dine-in as well as a rapidly developing delivery service via well-known online ordering portals. Annual turnover has been steadily rising and currently averages around £317,000 per annum. Utility costs have been fixed at a reasonable rate and the rent is fair, given the location and colossal amounts of traffic. The restaurant is neutrally decorated and is therefore suitable for any manner of theme, cuisine or operating style, be that food or wet led. The restaurant layout makes for ease of operational management. Licensed premises in this area rarely become available and a fully fitted and equipped venue such as this is a tremendous opportunity for enterprising and ambitious new owners.
Highly prominent, corner building of which the restaurant occupies approximately 147 square metres (1,582 sq ft) of open plan ground floor space accommodating 65 to 70 covers internally, plus an outside, enclosed, timber decked terrace and paved area for 40+ more customers. Internally offers entrance to main dining area and bar. Short step up to additional dining area. Access door to the outside terrace. Customer WC with baby changing facility. Spacious kitchen, superbly fitted and equipped with a comprehensive range of commercial quality catering equipment. High efficiency, stainless steel hooded, extraction system. Separate pot-wash room with commercial upright chillers and ample dry goods storage. Food pantry and secure bottle store. EPC Band B.
Stock £2,500 to £3,000.
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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.

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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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