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City Centre Location
Current Weekly Takings £7,000
Running On Limited Hours
Peak Historical Sales of £25,000 PW
£500,000 Worth of Fixtures & Fittings
EPC - D
REF 5625 – Leasehold City Centre Restaurant
Blacks Brokers are proud to bring to the market this leasehold restaurant, located in the much sought after area of Leeds City Centre.
This impressive business has been trading for over 30 years here on Brittania Street in Leeds City Centre. The business name Espeto has been trading here since 2016. During that time, it has firmly established itself within the community and within this business sector as a high end, exceptionally presented restaurant in the city centre, gaining a large and loyal customer base. This superb trading position also brings continual, passing trade from city workers, weekend visitors and customers enjoying a night out.
Leeds is a large, vibrant city in Yorkshire. The area is densely populated with city dwellers, businesses and many shops, bars and restaurants. Brittania Street is placed ideally for a business of this nature, close to large, prestigious office blocks home to solicitors, advertising agencies and financial businesses. There is roadside parking available in addition to local car parks and Leeds Train Station is a short distance away.
REASON FOR SALE
The business is only being offered for sale as our client has other business commitments.
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 20 years with rent reviews every 5 years. The current lease began in 2005 at a cost of £93,262 per annum.
BUILDING LAYOUT AND DESIGN
Espeto is housed within the ground floor of this impressive and imposing, four storey building. The business is presented to a high standard, with tasteful branding displayed externally on both sides of this corner unit, along with two entrances. Inside, the restaurant is beautifully presented, with high-shine, tiled flooring throughout. On their welcome into the reception area, customers can be shown directly to their table in the main dining area, or enjoy a drink in the cocktail bar, complete with piano and comfortable seating.
The main dining area offers a true fine dining experience, with a selection of leather seating, wooden tables, private booth areas and mood lighting.
The open plan kitchen is of a professional standard, with high end equipment, fixtures and fittings in place.
Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates weekly takings of £7,000 with strong gross profits. Many customers are from the local area as one would expect, with plenty of additional trade from passers-by.
This leasehold business offers a new owner an exciting opportunity to acquire a very high end, well presented business in an exceptional trading position in Leeds City Centre. The business has a superb reputation, 5* hygiene rating and long trading history with customer base already established. There is plenty of scope to develop the business further with an online presence and potential for lunchtime opening. Early viewings are strongly advised.
MON: 19:00 - 00:00
TUE: 19:00 - 00:00
WED: 19:00 - 00:00
THU: 19:00 - 00:00
FRI: 19:00 - 00:00
SAT: 19:00 - 00:00
SUN: 19:00 - 00:00
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