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Leasehold Independent Restaurant Located In Loughborough For Sale

Loughborough, Leicestershire, UK
Asking Price:
£199,950 Furniture / Fixtures included
Turnover:
£468,000
Net Profit:
Available on request

Leasehold Independent Restaurant located in Loughborough. Town centre location. Recently refurbished and fully fitted. Scope to add an alcohol licence.

Veritas Business sales are privileged to offer to the market this fantastic 3500 sqft casual dining Grillhouse Restaurant which is located in Loughborough Town Centre. The premises were completely transformed upon launch back in 2013 and over the years, to cope with high demand, further extensions to the rear were made. Repeat renovation & refreshing has happened over the last 9 years with more recent work completed in 2021 into what you see today. Our clients are now offering the business for sale due to focusing on their new digital business ventures which is taking up more of their time. The restaurant is fully fitted with top of the range catering equipment along with exceptional quality fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for the new owner as additional will not funds will not need to be spent for some time. The premises is a 3-storey building with seating capacity for 100 covers over two floors. Parking is to the rear for approximately 10 to 12 cars. Fernandez Grillhouse is owner operated and employs 4 full time and 8 part time members of staff and has an average weekly turnover of £9,000 net of vat and all sales are for soft drinks and food only. They have a mouth-watering varied menu specializing in grilled chicken, burgers & steaks. This has led to a very diverse range of customers from regular locals to students, families, tourists and even sports teams, including the Under 21 Arsenal football team. The restaurant has been ranked in the top 10 places to eat in Loughborough on TripAdvisor due to its excellent reputation & delivering exceptional food with exceptional service.
There is a huge opportunity to increase revenue should you wish, by adding an alcohol drinks menu that would compliment the food menu and we believe this would increase revenue by as much as 70%. Other opportunities are extending opening hours to lunchtime trade, creating your own app to help drive more takeaway sales, bringing in own drivers to deliver directly to customers, engagement with student groups, societies and sports teams, increased social media marketing and by growing the business into a franchise model, some modelling was started by current owners which is included within the sale.
This is a superb opportunity to purchase a turnkey business where all the hard work has been done which is a great base to build upon and such early viewing is highly recommended as this gem is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

Term: 10 years
Remaining: ends June 2023 (can be extended)
Rent: £25,000 pa
Business Rates: £6,600 pa

Location:

This modern restaurant is located within a prominent and highly visible trading position on the high street in Loughborough City Centre. Loughborough is a market town in the Charnwood borough of Leicestershire. Loughborough is a fairly small albeit a well-known town in the East Midlands which is well known for its buzzing nightlife as well as the university's academic reputation. The town is a very busy shopping area and offers large retailers along with independent retailers all of which bring high levels of footfall to the area. There is parking space to the rear for up to 12 cars and ample parking within the town centre with multiple free and paid parking options available. The town offers easy access to Leicester City Centre (11 miles) Nottingham City Centre (15 miles) and the M1 Junction 23 (3.5 miles).

Premises Details:

Ground Floor
Restaurant comprising: booth seats 7, tables 12, chairs 16, bar, pendent lights 3, wooden lights 5, neon LED strip designs 2, bar lights 2, EPOS tills - Apple iPads 2, cash register 2, printer 2, Mitsubishi air conditioning unit 2, Gamko drinks fridge, Scotsman ice machine, heated gantry table, essentials sauce fridge, Chefmaster microwave, Blendtec blender, Lincat oven, Polar 3 door freezer, CC fridge 2, 16 speaker sound system and kids high chairs 6.
Disabled & Family W/C with wash basin and baby changing area.
Ground Floor Cont…
Kitchen extended comprising: Meiko pass through dishwasher, Ware washing tabling 2, single large bowled Sink, racking 2, prep table, CC upright fridge, single bowled sink, Fosters chest freezer, Polar 2 door fridge, Foster 2 door counter fridge 2, CC undercounter fridge, double gantry pass, Valentine twin basket fryer 2, Valentine chip scuttle, Bonnet chargril1, tabling for gril1, Rational combi oven, combi stand, Malibu corporation warming drawer 2, Buffalo bain-marie 2, Buffalo microwave 3, Roudup bun toaster, Prince castle holding bin 8 drawer, Lincat flat griddle, kitchen tabling and Gram counter freezer.

First Floor
Restaurant comprising: booth seats 5, chairs 30, tables 16, pendant lights 4, neon LED strip design and Mitsubishi air conditioning unit.
Storeroom also includes, Isark walk in fridge, Foster double upright fridge, Foster single upright fridge and Foster double upright freezer.
Gents W/C with wash basin and wall mounted paper towel holder.
Ladies W/C with was basin and wall mounted paper towel holder.

Second Floor
Office with large room with desk, computer, CCTV control, and ample shelving.
Dry storeroom with ample storage and stainless steel shelving.

External
Rear car parking for 10-12 cars.
The property benefits from electric heating & air-conditioning and is partially double glazed

Business Operation

Trading hours:

Monday – closed
Tuesday – Sunday – 5:00pm – 10:30pm

Years established:
9 years

Other Information

Inventory / Stock value:
£3,000

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