Restaurants for sale in Liverpool

View the "Popular African Bar & Restaurant in Liverpool" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Thank you for your part in promoting the Café and enabling the sale. 

John Peacock (Feb 2017)
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Leasehold Price: £250,000 Price Reduced Annual Turnover: £400,000 Gross Profit: £220,000
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Business Description
City Centre Trading Location
Annual Turnover £400,000
Gross Profit £220,000
Scope to Trade Til 6am
Would Suit Many Uses
4 Function Rooms
Strong Social Media Following
Free Of Tie
Ran Under Management
Customer Seating for 60+ Outside
Ground Floor Seating 75 - Upstairs 46
EPC - D
REF 6372 – Leasehold African Bar & Restaurant

Blacks Brokers are pleased to bring to the market this leasehold African bar & restaurant located in a very busy and much sought-after area of Liverpool, Merseyside.

INTRODUCTION

Roots Liverpool was established by our client in 2016. Attracted by this busy and popular area of Liverpool, our client completed significant refurbishment of this property to create a superbly presented bar and restaurant. The business offers a range of African cuisine and has gained a strong base of regular customers from the local area. This trading position ensures additional trade from passers by and visitors. Roots Liverpool has established an enviable reputation and many excellent online reviews noted on Facebook, Skiddle, Google and Trip Advisor.

LOCATION

The business occupies a superb trading position within Liverpool city centre, this main road location is close to many other local businesses, shops and high street multiples. The area is well linked by the M62, with excellent public transport links and there is a large car park within 100m.

REASON FOR SALE

The business would be ideally suited to a hands-on owner-operator but is currently operated by staff only due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and 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 rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is four years and began in 2016 at a cost of £923 per week.

BUILDING LAYOUT AND DESIGN

Roots Liverpool operates from two spacious ground floor properties that have been converted into one, the lease also includes the lower ground floor for both. The business is very well branded with large signage displayed to both sides of this corner property. Inside, there is a number of dining and entertainment areas including a main bar and dining area, pool room, staff room, two private booth areas, large function room with DJ booth and office. All areas are presented exceptionally well and are fitted with top quality fixtures and fittings, this includes six flat screen televisions, EPOS tilling system and four pump bar fittings. There are also two store rooms, toilet facilities and a cellar. The kitchen is positioned to the rear of the space and is professionally equipped and fitted with double fryer, six-hob cookers, stainless steel worktops, pizza oven and much more. All areas are finished to exacting standards. The business could suit a variety of uses, potentially a restaurant with private events held, or a nightclub or wine bar.

STAFF

The business is currently operating with four members of staff in employment – this includes a manager. Our client is not involved in the day to day running of this business.

FINANCIAL DETAILS

Roots Liverpool has traded solidly since opening. We are advised that the business currently has annual turnover of £400,000 with gross profits of £220,000. Full financial details are available upon viewing.

BUSINESS RATES

Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business has undergone refurbishment in 2016 with substantial investment from our client. It is presented to a very high standard and could accommodate a variety of businesses as mentioned above. As a restaurant, it would ideally suit an existing business owner looking for and owner-operator expansion opportunity in this area of Liverpool. It may be of great interest to a chain of restaurants looking for expansion into this area. Early viewings are strongly advised. Fixtures:
Double fryer

6 hob cookers

Stainless steel worktops

Dishwasher

Pizza oven

Chest freezer

Grill

Fridge

Freezer

Jvc tv

Bar (4 pumps)

Epos till

2 x display fridges

Double cooker

2 x double fridge

6 x Samsung tv

Coffee Machine - Leased
Trading Hours:
Mon - 1pm - 10pm
Tue - 1pm - 10pm
Wed - 1pm - 10pm
Thur - 1pm - 10pm
Fri - 2pm - 4am
Sat - 1pm - 4am
Sun - Closed

Tenure: Leasehold

Location Details: Liverpool

Leasehold Term: Rent: £923 Per Week

Listed by: Blacks Business Brokers Limited

Find out more about this business opportunity.

 
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6372
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