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.
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.
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.
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.
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.
The business is supported by 2 part time morning staff and 1 full time person in the evening along with 5 part timers.
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%
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.
Please quote ref: 5430