Restaurants for sale in Liverpool

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City Centre Restaurant - Liverpool

Liverpool, Merseyside, England

  • Leasehold Price: £359,950
  • Annual Turnover: £822,524
  • Annual Gross Profit: £339,426
  • Annual Net Profit: £50,918
Seller Reference: 6800
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Business Description
 
 
 
 
 
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Seller Reference: 6800
Request Details
Business Description
City Centre Trading Location
Accounts Available Year End 30th June 2018
Annual Turnover £822,524
Gross Profit £339,426
Accounts Available After Viewing
Low Overheads
Close To Large Mutliples
15 Year Trading History
Seating For 220
Beautifully Presented
Well Equipped
8,000 Square Feet Total Size
Management Team In Place
Scope To Introduce Deliveries
Potential To Offer Takeaway Services
Scope For Business To Business Catering
Could Accommodate Any Cuisine
EPC – D
REF 6800 – Leasehold City Centre Restaurant

Blacks Brokers are pleased to bring to the market this leasehold city centre restaurant located in a bustling commercial area of Liverpool, Merseyside.

INTRODUCTION

City Buffet Ltd has been trading on Hanover Street since 2004. Our client established the business here due to the high amount of footfall generated by the busy surrounding area. The business is very well known and has an excellent reputation with a large base of regular customers and good reviews noted on Google and Trip Advisor.

LOCATION

Located on Hanover street in the heart of Liverpool city centre, the business is close to Lime Street Station, John Moore’s Liverpool University, many department stores, Liverpool One Shopping Centre and much more. The area is well linked by the M62, public transport links are superb and large car parks are located nearby.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but due to our client’s other business interests the business is managed by staff and therefore offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a competitive rate on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a seven year lease that began in 2019. This runs at a cost of £1,731 per week.

STAFF

The business is currently operating with fifteen members of staff in employment including two managers. Our client is not involved in the day to day management of the business.

FINANCIAL DETAILS

City Buffet Ltd has traded well during the last fifteen years. Accounts for year ending 30th June 2018 show annual turnover of £822,524 with gross profit of £339,426. Full financial details are available upon viewing.

BUSINESS RATES

The business has a rateable value of £35,000. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position in the centre of Liverpool – this area is highly sought after. There is plenty of scope to develop the business further with a strong marketing drive to showcase new services such as takeaway noodle services, business lunch deliveries and an expansion of menu choices available. The business could accommodate any cuisine. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Fixtures:
Epos Till

Carpigiani Ice Cream Machine

All Tables & Chairs

Waterfall Feature

Hot Buffet Unit x 3

Cold Buffet Units With Under Counter Storage x 3

Built In Soup Tureen

Ice Machine

Commercial Dishwasher

Hot Plates

Walk In Fridge

Walk In Freezer x 2

Chest Freezer x 2

Ice Cream Freezer

Chinese Cooker With Turbo 5 Rings

Overhead Extraction Unit

Double Deep Fat Fryer x 3

Commercial Stainless Steel Double Fridge

Steamer x 2

Rice Cooker x 2
Trading hours:
MON - THU: 12:00 - 22:00
FRI & SAT: 12:00 - 22:30
SUN: 12:00 - 22:00
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
City Buffet Ltd operates from the lower ground floor of a spacious, mid terraced retail property within a popular parade of shops and businesses. The restaurant is well branded with large signage displayed above a fully glazed frontage. Inside, the main restaurant is positioned down a flight of stairs. This main dining area offers seating for up to two hundred and twenty and is presented beautifully with tiled flooring and modern decor throughout. To the left side there is a well stocked bar with storage room behind. To the right side of this impressive space, there is a fully equipped commercial kitchen with walk in fridge and freezer. To the rear of the kitchen there is a washing up area and preparation area, and a second storage area. There are also ladies, gents and disabled toilet facilities. All areas are finished to a very high standard with superb attention to detail. The restaurant in total is approximately 8,000 square feet in size.

Location Details:
Liverpool
Leasehold Term:
£1,731 Per Week
Listed by:
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