Restaurants for sale in Luton

View the "Highly Profitable French Restaurant" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (March 2017)
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Leasehold Price: £70,000 Price Reduced Annual Turnover: £104,000 Gross Profit: £57,200
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Business Description
Excellent Reputation
Annual Turnover £104,000
5* Food Hygiene Rating
Scope To Develop
Close To Town Centre

Blacks Brokers are pleased to bring to the market this long established, beautifully presented and highly profitable French restaurant in Luton.

Le Steak Parisien has been open here on Wellington Street for over 9 years, with an impressive 29 year trading history in total. The current retail unit was empty and our client completed a full restoration with installation of state of the art equipment and high end fixtures, fittings and furniture. Every aspect of the aesthetics of this restaurant have been customised to suit the style and atmosphere created by our client. The business has gained a reputation which is second to none and has a large, loyal customer base with exceptional online reviews. Our client only offers for sale now due to retirement and family commitments, thus we have this excellent opportunity for a new owner to really push this business forward even more, with scope to expand the online presence and create a new marketing strategy.

The location of Le Steak Parisien is just out of the town centre along a road of restaurants and bars. The area is well used and much sought after. There is plenty of free parking available close by and the area bring much passing trade in addition to locals. The business is housed within a smart, single fronted unit with a side entrance and glazed frontage. The brand identity is displayed on classic and clear signage. Inside is a bar area, main dining area which offers 40 covers, kitchen and toilets. The French inspired interior features classy décor, well maintained and inviting. All areas are exceptionally well presented and of a high quality.

To summarise, this is a great opportunity for a new buyer to drive this business forward, the area is perfect for this type of business and the standard of food, service and surroundings is extremely high. The business is currently achieving an annual turnover of £62,000 with 55% gross profits, rent is competitive for the area at £12,000 per annum. To appreciate this business in full, a viewing at your earliest convenience is highly recommended, by appointment only.

All Fixtures and Fittings Included in Sale.
Trading Hours:
TUE - SAT: 18:30 - 00:00

Tenure: Leasehold

Accommodation Details:
French style interior

Location Details: Luton

Leasehold Term: Rent: £12,000 Per Annum

Downloadable Documents

Listed by: Blacks Business Brokers Limited
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