Restaurant/cafe for sale in Richmond Street, Liverpool L1

£280,000
Restaurant/cafe for sale
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Property description

Ref 6526 – Leasehold Noodle Bar
Blacks Brokers are pleased to bring to the market this leasehold noodle bar located in the bustling city centre of Liverpool, Merseyside.


Introduction


Ichi Noodle Restaurant has been trading on Richmond Street since 2013. Our client established this business after seeing there were no similar eateries in this area of Liverpool. The business has an excellent online presence and superb reviews are noted on Google and Trip Advisor. Ichi Noodle Restaurant has a five star hygiene rating.


Location


The business is located within a pedestrian zone in Liverpool city centre where there is a huge amount of other businesses, shops and tourists providing plenty of passing and local trade. Liverpool is well linked by the M62, public transport links are superb and parking is available within a short distance of this shop.


Reason for sale


The business would be ideally suited to a hands-on owner-operator and is available due our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.


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 current lease is twenty years with rent reviews every five. The lease began in 2013 at a cost of £730 per week.


Building layout and design


Ichi Noodle Restaurant operates from both the ground, first and second floors of a spacious mid terraced property within a busy parade of shops. The business is well branded with modern signage displayed above a fully glazed and branded frontage. Inside, the ground floor offers seating for eight with servery counter and open plan kitchen fitted to the rear. The kitchen is well equipped with four burner extended Chinese cooker, extractor fan system, commercial fridges and much more. The first floor offers additional seating for sixteen and toilet facilities. On the second floor there is a large storage area.


Staff


The business is currently operating with two full time and eight part time members of staff in employment supporting our client working on a part time basis. This includes two chefs.


Financial details


Ichi Noodle Restaurant has traded solidly since opening. We are advised that the business currently has annual turnover of £307,970 with gross profits of £201,112. Full financial details are available upon viewing.


Business rates


The rateable value is £15,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.


Summary


This leasehold business is well established and occupies a prominent trading positions. There is plenty of scope to develop the business further with the introduction delivery service. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £280,000.

Please quote ref: 6526

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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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