Thriving Leicester city centre restaurant with strong rating and great potential for sale
Leicester, Leicestershire
- Status
FOR SALE
- Advert ID
632395
- Leasehold: £210,000
- Rent: £29,000 (£2,417 per month)
- Turnover: On request
- Profit: On request
Key Features
- Town Centre location
- Unique Business
- High Turnover
- Offers Invited
Business Details
Leicester city centre Famous Restaurant business for sale
Highlight : Amazing prime location, on running business, good reputation, fully equipped, spacious basement storage , upstair has 5 studio Flat with bathroom, Low rent and business rate .
The primary reason for selling the restaurant is due to a family relocation .
I am pleased to introduce our restaurant, located on the gourmet street in the prime area of Leicester. Our restaurant is well-known locally and is considered one of the prominent dining establishments in the area.
Additionally, the restaurant is surrounded by student apartments, providing a stable customer base of students. Furthermore, due to the consistently positive reviews of our dishes from local residents, we also have a stable local customer base.
Our restaurant has a rating of 4.3 ⭐ on Google. Restaurant also do delivery on DELIVEROO and Uber eats.
The restaurant is currently operating normally, and I am selling business which is the property lease along with the main assets of the restaurant (which include most of the equipment, furniture and a cold room).
The sale includes the full restaurant with good condition large basement area which is included 1 extra large size and 3 medium size storage . The size of the basement is equivalent to that of the ground floor restaurant.
Additionally, it includes first and second floor apartments consisting of 5 studios Flat , each studion has individual toilet and shower . Also one shared home kitchen for resident of the apartment .
The lease started in 2018 for a duration of 20 years, and you will have priority to extend the lease as the current lease nears its end. The landlord will renew your lease for you. The landlord is very accommodating, and there will be no issues with extending the lease as long as the rent is paid on time.
If you are interested, we can retain most of the menu, and the two chefs currently employed can continue to work here, ensuring that there will be no gap in operation during the transfer process.
Rent : £2366/ Month VAT. Business rate : 15,500/ year
Annual turnover: available on request
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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.
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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.
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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.
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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.
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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.'.
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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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