Restaurant/cafe for sale in Great George Street, Leeds LS1

£84,995
Restaurant/cafe for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • City Centre Location
  • Combined Annual Turnover £431,600
  • Gross Profit £302,120
  • Customer Seating for 30+
  • Great Potential To Develop Trade
  • EPC - D

Property description

Introduction
Blacks Brokers are delighted to bring to the market this leasehold restaurant in the heart of Leeds City Centre.

Senbon Sakura has been trading on Great George Street in Leeds since 2010 and our client acquired the business in 2016.


Location


Leeds City Centre is contained within the Leeds Inner Ring Road, formed from parts of the A58 road, A61 road, A64 road, A643 road and the M621 motorway.


Reason for sale


The business is only being offered for sale due to our client’s other international business interests and therefore this has created an exciting and highly lucrative opportunity for a new owner to enjoy.


Lease


The building is available on a competitive rent on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial property lease. The lease length is 17 years with 5 yearly rent reviews. A new lease was granted to our client in 2016.


Building layout and design


This City Centre business is located adjacent to the City Hospital and Law Courts and therefore the location attracts heavy footfall. The location is well-known for eateries and as such the area has earned an enviable reputation. Whilst there is competition as one would expect at a location of this calibre, no other restaurant serves Japanese cuisine.

The property is a corner unit and delivers a flawless first impression. Once inside the finish and layout can be fully appreciated. The restaurant offers seating for 56 with a catering kitchen on the ground floor which is open plan to give it a modern feel. The décor is not typically Japanese and therefore the restaurant could accommodate almost any cuisine.


Staff


The business is supported by 2 part time morning staff and 1 full time person in the evening along with 5 part timers.


Financial details


The business has traded strongly and delivers healthy weekly takings with an impressive gross profit margin. The cafe income is £93,600 per annum and the restaurant brings in £338,000 per annum with gross profit of 70%


Summary


This is a rare opportunity to acquire a well-presented Japanese restaurant that trades from this high footfall town centre location. With impressive weekly takings and newly fitted as of August 2016, the business would ideally suit a hands-on owner operator who could build on the trading foundations and push the business forward. Early viewings are advised.

Business: £84,995.

Please quote ref: 5430

Fixtures & Fittings

2 Deep Fryers

Wok Burner

2 Fridges

Freezer

Bain Marie

Tables

Chairs

Coffee Machine

Grill

Griddle

Panini Grill

Opening Hours

Mon - Fri: 11.00 - 23:00
Sat: 17:00 - 23:00
sun: Closed

Arrange Viewing

For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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