This is a fantastic opportunity for the right people, to take over the No 1 Steak restaurant in Leicester.
The owners are now offering the opportunity to lease and purchase the business with a "seller finance" option.
Year 1 payment upfront £36,000 - £20,000 for rent & £16,000 towards fixtures, fittings, equipment & goodwill.
Year 2 £36,000, split over 12 monthly payments - £20,000 rent & £16,000 towards fixtures, fittings, equipment & goodwill.
Year 3 £36,000, split over 12 monthly payments - £20,000 rent & £16,000 towards fixtures, fittings, equipment & goodwill.
Rent thereafter £20,000/year
At the end of 3 years you will own the business and all the fixtures, fittings and equipment.
The owners have created, what is considered to be, the go to Shisha Lounge in Leicester on the ground floor, with a seating capacity for 120 covers.
They are also about to open an American Pool Lounge on the second floor, ready for the 1st July. With 6 tables and gaming areas and realise that they will be too stretched to comfortably operate all 3 businesses.
So they are prepared to lease the restaurant on the generous terms.
The restaurant was generating sales of around £4K per week from limited opening hours, prior to lock down. The lease will include the use of all fixtures and fittings as well as a recently installed professional kitchen.
The restaurant is situated on the first floor of the building. It has been beautifully re-furbished, the kitchen and storage areas are very large with no expense spared on the equipment that has been installed.
The 2 experienced chefs will be happy to stay on if required and this can be discussed with the owners.
The restaurant does not currently serve alcohol, however it is highly likely that an alcohol licence will be granted once an application is made. There is also the possibility to continue to provide food for the Shisha Lounge, this arrangement can be discussed with the owners. This however can only be available if the restaurant remains alcohol free.
No 1 Steak House in Leicester on Trip Advisor
Fully refurbished kitchen and dining area £40K spent on professional kitchen
60 Covers, with Online reservation system
Current sales of £4K per week (evenings only)
Must be viewed to appreciate the quality, size and potential
No 5 on Trip Advisor for all restaurants Leicester
Car Parking - arrangement with NCP adjacent car park, 4 hours parking for £1.00