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SOLD OR WITHDRAWN FROM THE MARKET
Advert pending deletion

Popular Restaurant & Bar in Leicester

Leicester, Leicestershire
Leasehold Price:
£237,750
Status
SOLD / WITHDRAWN
Advert ID
214285
Reference
6191 / Rightbiz
    Annual Turnover £360,000

    Gross Profit £259,200

    Superbly Presented

    Seating for 80 Customers

    80% Dry, 20% Wet Sales

    Run Under Management

    Highly Professional Business Model

    Fantastic Trading Location

    EPC – G

Description:
REF 6191 – Leasehold Bar & Restaurant
Blacks Business Brokers are pleased to bring to the market this leasehold bar and restaurant located in a busy and much sought-after area of Leicester.

INTRODUCTION
This business has been trading on Granby Street since 2016 with our client in ownership since opening. The restaurant offers a range of freshly made street foods and burgers along with an array of cocktails and beers. This is a very popular eatery with 80% food sales and 20% drink sales. The business has a very good customer base and superb reputation along with plenty of excellent online reviews.

LOCATION
Located in Granby Street in the centre of Leicester, this area is close to the Town Hall Square Fountain and the Boer War Memorial and is very well linked by the A47, A50 and A594. Parking is available in the immediate area with excellent public transport links.

REASON FOR SALE
The business is only being offered for sale due to our client’s other business interests.

LEASE
The current lease is nine years and began in 2016 at a cost of £423 per week. Full lease details to be confirmed. If you would be looking to purchase just the fixtures and fittings it would be at a premium of £100,000.

BUILDING LAYOUT AND DESIGN
The business occupies the ground floor of a well presented, mid-terraced property within a parade of other shops and businesses including two high street banks. The business is very well branded, with bold signage displayed above a fully glazed frontage and attractive outdoor terrace area – the frontage fully opens in the finer months to give direct access to the outside of the business, where there is a paved area with two attractive wooden flower boxes and outside seating for 6 customers. Inside, the main dining area and bar are open plan with seating for up to eighty. The bar and servery area is positioned to the side. The glass frontage comprises of concertina doors which can be fully opened during warm weather allowing access to the outside seating area. The restaurant is beautifully finished with wooden flooring throughout and matching tables and chairs along with exposed brick-work walls. To the rear is a spacious, well-equipped kitchen with ample food preparation space and storage areas.

There is no living accommodation included.

STAFF
The business is currently operating with eleven members of staff in employment – this includes four chefs. During busy periods, there are up to fifteen staff employed. Our clients are not involved with the direct day to day operating of the business.

FINANCIAL DETAILS
The business has traded solidly during the last two years. The business generates an annual turnover of £360,000 with gross profits of £259,200. Full financial details are available upon viewing.

SUMMARY
This is a superbly presented restaurant with an excellent reputation for street food and meat dishes located in the heart of Leicester’s City Centre. The set-up is highly professional and shows very good trading figures for a restaurant that has only two years of trading history. There is some scope for daytime trade with the restaurant not being open during the day. The branding is exclusive to the current owners and is not included within the sale. Early viewings are strongly advised.

Fixtures & Fittings:
Restaurant floor

x 25 tables
x 60 chairs
x 10 barstools
x 4 high chairs
x 18 spotlights
x 25 hanging lights
x 2 neon lights
x 4 heaters
25m of bench seating
Large Wooden Dividers and Planters
3 pieces of commissioned artwork
Bar


x 4 bottle fridges
Tilling system
x 3 ordering tablets
x 3 sinks
Cocktail equipment
x 4 beer taps
Commercial Glass washer
security alarm
fire alarm


Commercial winter halter dishwasher with liquid dispensers
x 2 large commercial stainless steel sink units with taps and spray tap
Large walk in fridge with shelving
Hand wash sink
Full extraction units
x 3 stainless steel tables
Stainless steel hot cupboard
x 3 under-counted fridges
x 1 stand up fridge
x 1 tandoor oven
x 1 6 burner commercial gas hob
x 1 commercial fryer
x 1 table top fryer
x 1 commercial char-grill
x 1 commercial flat top grillx 1 large racking system
x 1 hot light, 2 tiers
x 1 safety cut off gas system
x 2 solenoid gas valves
fire extinguishers
serving equipment
x 1 stand up fridge
x 1 chest freezer
security camera system
shelving
computer
store room
shelving and glass stock
Customer toilets
staff toilet
water heater
bottle store
ice machine
beer lines


Opening Hours:
Monday to Thursday: 17:00 - 22:00Friday & Saturday: 17:00 - 01:00Sunday: 12:00 - 19:00


Weekly Rent:
£423 Per Week.
Listing Details
Leasehold Price: £237,750
Tenure: Leasehold
Location: Leicester, Leicestershire
Sector: Restaurants, Bars
Financials
Annual Turnover: £360,000
Annual Net Profit: £15,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6191 / Rightbiz
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Listing Statistics
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