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Restaurant and bar for sale in Leeds, West Yorkshire with spacious seating and prime location

Leeds, West Yorkshire
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Licenced Trade, Pubs & Clubs For Sale in Leeds Photo 1
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  • Leasehold: £175,000
  • Turnover: £1,040,000 (£20,000 per week)
  • Profit: Not Applicable

Business Details

Licenced Trade, Pubs & Clubs For Sale in Leeds

SUPERBLY FIT-OUT RESTAURANT AND COCKTAIL BAR in Leeds for Sale.

An outstanding opportunity to acquire one of West Yorkshire’s premier restaurant and cocktail bar venues, fitted and equipped to an exceptional standard throughout. Occupying a prominent position on a bustling and highly sought-after high street in Guiseley, the business benefits from excellent visibility, strong levels of passing trade and an established reputation.

The premises underwent an exceptional fit-out, with the original investment estimated at approximately £1.4 million, creating a striking contemporary restaurant and bar that would be extremely expensive to replicate in today’s market. No expense has been spared in the design and creation of this unique venue, resulting in a truly impressive establishment that must be viewed to be fully appreciated.

The restaurant has traded successfully for approximately three and a half years and is being offered for sale solely due to the owner’s change in personal circumstances and relocation plans. Importantly, this is not a distressed closure. The business remains fully operational and staffed, with an established kitchen and front-of-house team in place, allowing an incoming owner to take over and continue trading immediately.

The business currently enjoys a strong and profitable wet trade alongside its established restaurant operation. Trading over just five days per week and within relatively limited hours, there remains significant scope to further develop the business through extended opening hours, private events, increased food service and additional beverage offerings. Historical turnover has been substantial, with full trading information available to genuinely interested parties following appropriate confidentiality checks.

THE PREMISES
The premises provide spacious and stylish restaurant and cocktail bar accommodation with approximately 90 internal covers, complemented by an attractive marble-finished outdoor terrace providing seating for a further 28 customers. A particular feature of the venue is the impressive cocktail bar area, enhanced by contemporary multi-coloured mood lighting, creating a vibrant and memorable atmosphere.

Further facilities include dedicated ice room with crushed ice machine, block ice machine and glass-washing equipment, refrigerated storage room and separate rear storeroom, plant room, office and dry goods storage, substantial commercial kitchen fitted to a very high specification, with extensive extraction system, separate walk-in fridge and freezer rooms, rear delivery bay for efficient servicing and stock handling, air conditioning throughout the premises, luxurious ladies’, gents’ and disabled toilet facilities and staff facilities and rear parking.

The landlord is prepared to discuss the grant of a new lease with an incoming purchaser, presenting an excellent opportunity for an established hospitality operator, restaurant group or ambitious chef / proprietor seeking a high-quality venue without the enormous cost, risk and time commitment associated with creating such a business from scratch.

The substantial reduction in the asking price reflects the owner’s desire to achieve a sale within a suitable timeframe due to relocation plans and should not be interpreted as a reflection of the quality of the premises, fit-out or business opportunity.

This represents a rare opportunity to acquire a fully equipped, high-specification restaurant and cocktail bar in a prime trading location, with an exceptional fit-out, established operation and significant potential for future growth.

Viewing is strongly recommended.
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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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The data showed regarding this advert 'Licenced Trade, Pubs & Clubs For Sale in Leeds - 591631 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.