Restaurants for sale in Oadby

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Y. MacGregor (Nov 2017)
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Leasehold Price: £69,995 Price Reduced Annual Turnover: £47,788 Gross Profit: £30,823 Annual Net Profit: £21,021
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Business Description
Established Since 2004
Annual Turnover £47,788
Scope For Lunch Time Trade
Low Rent and Rates
Very Well Presented

Blacks Brokers are pleased to bring to the market this very well established and profitable restaurant in Oadby, Leicester.

Cheikho’s Restaurant has been trading here on Leicester Road since 2004. It is a family run business with a large customer base and is located on a busy main road. The business is popular with locals and has a good amount of passing trade. Our client offers for sale now due to a change in personal circumstance and as such, we have this most exciting proposition for a new owner to really benefit from the impressive trading history and position.

Oadby is a busy suburb on the main arterial A6, which is South East of Leicester with good links to the M1 and the A563. Leicester University, the Leicestershire Golf Club and Leicester Airport all lie close by. The business is housed within a large, two storey retail unit which is an end of terrace, converted house with an attractive, gated garden at front. There is plenty of free roadside parking available locally. Inside, the business is presented beautifully, with 70-80 covers spread over two floors with bar servery at the rear leading through to the kitchen and a store room. All areas are well presented with good quality fixtures and fittings. The dining areas are beautiful, with marble topped tables, wooden flooring and tasteful décor in place with an interesting range of art and artefacts adorning the outer walls and one large glass panelled display unit. Currently, the first floor is used to cater for private functions which are popular in this area and could be a good area for a new owner to develop. Customer toilets are located at the rear of the first floor.

To summarise, this is an ideal opportunity to acquire a well-established, traditional Italian Trattoria based restaurant which is very well presented throughout and is well appointed to cater for standard restaurant services as well as private functions, as the dining area is split over two floors. The business generates an annual turnover of £47,788 and has a low rent for this area of only £196 per week, this very agreeable rent and additionally the low rates are a major advantage in the success and profitability of this business. As the business is currently completely run by family, no staff will remain after the sale. Viewings are advised as soon as possible.

Restaurant Furniture

Marble Topped Tables

Fully Equipped Bar/Servery

Air Extraction System

6 Hob Gas Cooker With Double Oven

Hot Plate

Coffee Machine

Bean Grinder

Stainless Steel Prep Units



Large Glass Panelled Display
Trading Hours:
TUE - SAT: 06:00 - 22:00

Tenure: Leasehold

Location Details: Oadby

Leasehold Term: Rent: £196 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

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