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Steakhouse Restaurant And Bar For Sale

Cambridge, Cambridgeshire, UK
Asking Price:
£149,950
Turnover:
£780,000
Net Profit:
Undisclosed

STEAKHOUSE RESTAURANT AND BAR in Cambridge for Sale.

Ernest Wilson is proud to present to the market this highly popular and long-established steakhouse restaurant and bar, ideally situated in a thriving leisure destination. Located within a vibrant complex that includes a cinema, ten-pin bowling, and a wide variety of bars and eateries, this venue enjoys exceptional footfall and visibility. The restaurant occupies a prime corner position with dual-aspect frontage, offering excellent exposure to passing trade. Neighbouring businesses include major retailers including supermarkets, national leisure and dining brands - creating a dynamic and complementary environment for continued success. Weekly turnover £15,000. The business currently operates on sensible trading hours across seven days, and is predominantly staff-run due to the vendor’s other business commitments. This presents a fantastic opportunity for a hands-on owner-operator to step in, reduce staffing costs, and significantly enhance profitability by building on the strong foundations already in place. The premises are held on a secure lease until 2030, and our client advises that the landlord is open to negotiating a longer-term lease, subject to formal consent - providing further stability and growth potential for the incoming operator. Internally, the premises are fitted to an exceptionally high standard, with a stylish and spacious layout spread across two floors. The restaurant features a welcoming dining area and a well-appointed bar, all tastefully decorated with an impressive collection of memorabilia that adds character and charm. The commercial kitchen is fully equipped with a high-quality extraction system, generous pot wash area, and ample storage facilities. Customer amenities include separate ladies, gents, and disabled WCs. EPC Band B.

Property Information

Property:

Leasehold