Restaurant/cafe for sale in Leeds, West Yorkshire LS11

£150,000
Restaurant/cafe for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Well established and lucrative café/sandwich bar
  • Ideally positioned within an area of multi million pound regeneration
  • Weekly takings £5,000 (5.5 days only), terrific growth potential, excellent reputation
  • Extensive customer base, 16 covers, superbly fitted, retirement sale, viewing recommended

Property description

Reference - 48347

Description
This is an exciting opportunity to acquire a well established and lucrative café/sandwich bar located in the bustling West Yorkshire city of Leeds.
David Street Café is ideally positioned at the heart of a densely populated area to the south of the railway station on a busy throughfare for people walking from the numerous car parks into the heart of the city centre. The area is currently undergoing a multi million pound regeneration scheme, creating a mixed development of residential apartments and commercial dwellings which will naturally increase footfall and activity in the locality and can only prove to be advantageous to the business in the future.
David Street Café has successfully operated within the city for the past three decades, having relocated to its current location in 2014. During that time the business has established a enviable reputation with excellent reviews boasting an extensive and loyal customer base.
David Street Café serves a wide selection of fresh wholesome food including breakfasts, hot and cold sandwiches, pies, chilli, chips, cakes etc. As well as teas, coffees and a selection of daily blackboard specials.
David Street Café operates from a modern highly visible and imposing property providing deceptively spacious and versatile ground floor lock up business, which is superbly presented throughout.
David Street Café is a thriving and lucrative business yet still offers fantastic scope for future growth. The business therefore represents a terrific investment for an ambitious operative, who can continue to build on the solid foundations that have been laid, whilst enjoying the lifestyle and financial rewards a business of this stature generates quite literally on a daily basis.

Sales
Currently shop sales average £5,000 per week approximately.

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Monday – Friday 07:00 – 14:30
Saturday 07:00 – 11:30

Staff
Managed by the owners with 3 part time staff.

Building External
The highly visible and imposing modern property provides deceptively spacious and versatile ground floor lock up business accommodation.

Building Internal
The open plan 16 cover dining area is light and airy, with floor to ceiling windows and quality furniture creating a relaxed and welcoming environment. There is an accessible WC. To the rear of the property there is a well fitted kitchen with a comprehensive range of excellent quality, valuable catering equipment which has been well maintained. Externally there is a parking space to the rear which is offered by way of a separate rental agreement at £1800 per annum.

Residential accommodation
There is no residential accommodation for owners/management available.

Tenure
We are advised that the property is held on a 10 year lease which commenced in 2014. The annual rent is £10,530 plus VAT exclusive (correct as advised on 16/03/21). Rent reviews are at 5 yearly intervals.

Summary
This is a rare opportunity to purchase a first class business with an excellent reputation, occupying an enviable trading position. Only now being offered for sale due to retirement, viewing is highly recommended to avoid disappointment.

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For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer 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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