Restaurants for sale in Derby

View the "Thriving Bar and Restaurant in Derby For Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 I had a great response from potential buyers which resulted in 3 offers for my business. 

Peter Webber (March 2014)
View More
Leasehold Price: £10,000 Price Reduced Sale Agreed Turnover: £60,000 Gross Profit: £39,000
Request Details
Business Description
Hilton Smythe would like to welcome to the market Friars Bar and Steakhouse in Derby. The business was established in 1999 and has been in our client`s ownership since 2006. Only now is the business offered to the market due to our client`s wish to relocate. The business is open 6 evenings per week and generates a turnover in the region of £60,000 with a gross profit of 65%. The restaurant comes with a full licence and the seating area offers 30 covers. The business has a loyal client base with a large amount of repeat trade.

The business is a small family run restaurant and has a rustic and cosy atmosphere. It is a relaxed venue with exposed brick walls, wooden flooring and soft lighting. We feel the business would benefit from a website to advertise the business and services offered as there is currently none in place.  We also feel that the turnover could be increased by extending the opening hours and perhaps serving a lunchtime menu. This is an ideal opportunity for a new owner to acquire a very profitable business, which is well-equipped and in a ‘walk-in-and-trade’ condition; therefore early viewing must come highly recommended.

Friars Bar and Steakhouse occupies prominent three storey premises on the busy Friar Gate within Derby, Derbyshire. The business is situated in an area that is renowned for its quality restaurants and bars. The property benefits from ample on-street parking to the front of the property and is situated within a range of complementary businesses. Situated within the Cathedral Quarter of the city, the property is within walking distance of the Derby City Church and the Derby Museum and Art Gallery with a large amount of footfall and passing trade.

The area is well served by public transport with several bus stops within easy walking distance of the property, with the nearest railway station just a short distance away. Derby is a popular and thriving city with a large student population and is a desirable place in which to live.  Derby is well served by the A-roads being in close proximity to the A38 and A61, with the M1 motorway being approximately 9 miles away. Nottingham is 15 miles away and Chesterfield 24 miles away.

Mid-parade three storey premises, briefly comprising:

Ground floor:

Restaurant area with wooden flooring, tables and chairs for 30 covers, central heating, 2 x feature ceiling fans, bar servery with two points of dispense, electronic cash register, ice machine, wine chiller and ladies and gents WCs.

Fully fitted commercial kitchen with stainless steel work surfaces, 2 x stainless steel sink units, dishwasher, 4 x refrigerator/freezers, plate warmer, grill, double fryer, 6 x burner range and stainless steel extraction system.

Cellar used as storeroom.

1st floor with:

Lounge,bathroom and acillary area.

2nd floor with:

2 x double bedrooms.

We are advised Leasehold:

Original lease length: rolling agreement.

Rent: £3,200 per quarter.

The business is open:

Monday – Saturday: 6.00pm – 9.30pm.

Sunday: Closed.

The business is owner run and managed with 2 full-time staff members.

The business generates a turnover in the region of £60,000.

Tenure: Leasehold

Listed by: Hilton Smythe
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

Seller Reference:
Bookmark and Share
You May Also Like...