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Award Winning Sushi Restaurant

Sheffield, South Yorkshire
Status
FOR SALE
Advert ID
253273
Reference
B05721 / Rightbiz
Leasehold Price: £295,000
Annual Turnover: £604,425
Business
Hilton Smythe welcomes to the market Sakushi Japanese Restaurant in Sheffield. This completely refurbished national award-winning site has been operated by the current vendor for over 11 years building up an enviable reputation for quality and service becoming one of Sheffield’s longest running restaurants of over 11 years and due to owner relocation this rare and exciting opportunity has now become available. Please note the staff are not aware that the business is not for sale. 

The business operates as a fully licensed restaurant and takeaway operating 12pm-11pm every day. The business has built up a strong lunch time trade serving the business quarter of Sheffield and conducts a substantial trade in the evenings and on weekends, serving everyone from professionals to families and students. 

Sakushi has too many awards to list and is considered one of the best Japanese restaurants in the country becoming the Eat Sheffield award winner several times, just-eat award winner and finalist several times and winner of BEST JAPANESE TAKEAWAY in the UK and top 10 takeaways in the UK.

The business currently operates under a managed restaurant business model with a strong team in place and little commitment is needed from the owner, this makes it an excellent opportunity for an established operator looking for an additional site, or an individual/partnership looking for instant success and a respectable timeframe on return of initial investment.

The new operator does not need to have any experience in Japanese food, all training can be provided by the current staff. This represents a turn-key business opportunity with the new owner having the flexibility to take the business forward in its current format or to put their own spin and ideas into the venue. The current owner sites many new avenues to pursue for further growth and is willing to share these ideas.

The restaurant has been refurbished several times over the 11 years to a high standard with new equipment and changes made to keep up with changing trends.

The current vendor states that a key aspect of Sakushi’s success is its ability to operate on just 2 waiting staff and 2 kitchen staff per day, whilst still cater for its substantial turnover. Sakushi in the last 5 years has had to spend very little on marketing and relies on its 20,000+ Sakushi loyalty club (arguably the largest in Sheffield), Sakushi also has one of the largest social media followings in Sheffield which is regularly used to market to customers.

The current vendor has spent over £300,000 marketing the restaurant over the years and no longer needs to do so anymore due to the site developing a strong regular customer base, this is a huge money saver to consider with any potential new owner.

Sakushi is considered a Sheffield institution and due to the hard work previously conducted, Sakushi can offer its customers superior food and drink and therefore charge considerably more than any other Japanese restaurant in the city. This is something only achievable with a 10+ year reputation and rarely available for purchase.

For additional information and menu options please visit the business website.



Location
Situated along the sought-after Campo Lane in Sheffield City Centre just a short stroll from the Cathedral Quarter, the site is easily accessible on foot and by all modes of transport just off the inner ring road with an NCP car park next door and plenty of pay and display parking within the surrounding area.



Premises
City centre trading location within ground floor premises, front entrance through to main trading area, bar and servery.

50 plus cover seat restaurant including seating tables and soft furnishings, mechanical food delivery system, fully equipped restaurant kitchen, stainless worktops storage units and food preparation counters, oven with stainless extractor over, fridges, freezers ladies & Gents WC’s.



Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £17,750 per annum with 4 years remaining on the current 10 Year lease.



Hours
12.00pm to 11.00pm every day.



Staff
The business is over seen by the owner with day to day operations undertaken by the current staff/management team. Please note the staff do not know the business is for sale. 



Financial Profile
We are advised the business is turning over in the region of £600,000-£750,000 per annum producing a GP of approximately 75-85%.

Business rates are currently £5,400 per annum.



Listing Details
Location: Sheffield, South Yorkshire
Sector: Restaurants, Catering Businesses
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Advert Reference: B05721 / Rightbiz

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