Restaurants for sale in Huddersfield

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Town Centre Restaurant - Huddersfield

Huddersfield, West Yorkshire, England

  • Leasehold Price: £29,950  Price Reduced arrow_drop_down
  • Annual Turnover: £88,956
  • Annual Gross Profit: £56,541
Seller Reference: 6710
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Business Description
 
 
 
 
 
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Seller Reference: 6710
Request Details
Business Description
Prime Town Centre Location
Accounts Available To Year End 31st March 2018
Annual Turnover £88,956
Gross Profit £56,541
Accounts Available After Viewing
Low Rent of £147 Per Week (Service Charge Included)
Impressive Georgian Building
Retirement Sale
Currently Trading 3 Days A Week
Huge Potential To Expand Opening Days
Scope To Introduce Lunch Time Trade
Fantastic Online Reviews
EPC - G
REF 6710 – Leasehold Town Centre Restaurant

Blacks Brokers are pleased to bring to the market this leasehold restaurant located in the heart of Huddersfield town centre, West Yorkshire.

INTRODUCTION

Lost Property Restaurant has been trading on John William Street since 2015. Our client established the business here due to the prominent trading position. The restaurant is well known and has an excellent reputation in the area with a large base of regular customers and superb online reviews noted on Google, Facebook and Trip Advisor. The business has received certificates fo excellence from Tip Advisor in 2017 and 2018, the restaurant has also been rated number 5 of 465 eateries in Huddersfield for the last 2 years.

LOCATION

The business is positioned on a busy main road close to a range of offices, independent retailers and large multiples such as Tesco and Argos. Kingsgate Shopping Centre is also nearby. The area is well linked by the M62 with good public transport links including Huddersfield Station within walking distance providing strong links to Manchester and Leeds. Parking is available in the immediate vicinity.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s retirement, 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 a five year lease which began in 2014 at a cost of only £147 per week including the service charge. The lease is provided by Kirklees Council and can therefore be renewed at a similar rental and is fully transferable.

STAFF

The business is currently operating by our client working in a hands on role. Our client is the chef and is supported by a range of casual members of staff employed from the local university. Staffed time at present is 50 hours per week not including our client.

FINANCIAL DETAILS

Lost Property Restaurant has traded well during the last four years. Accounts for year ending 31st March 2018 show annual turnover of £88,956 with gross profit of £56,541. Full financial details are available upon viewing.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This leasehold business occupies a superb trading position in a bustling area of Huddersfield. There is plenty of scope to develop the business further with the introduction of seven day opening and lunchtime offers. There is also scope to cater for local businesses/offices in the surrounding area. 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:
Outside front entrance

Exterior Lights x 2, Doorside Laterns x 2

Entrance Light x 1, Signage x 4

Cafe Barrier x 1, "A" Board x 1

Entrance Hall

Plinths & Statues x 2, Large Light Fitting x 1

Heater - Heat Curtain x 1, Welcome Sign x 1

Dining Room

Georgian Statue x 1, Chairs x 24

Two Seater Tales x 8, Four Seater Tables x 2

Wall Mounted Heater x 1, Plug in Electrical Heaters x 2

Centre Light - Based on a Wagon Wheel x 1, Wall Lights x 4

Wall Mounted Mirrors x 3, Wall Mounted Antique Shutters x 3

Various Decorations

Bar Area

Wine Rack x 1, Wine Fridge x 1

Small Fridge x 1, Fridge Freezer x 1

Bottle Fridge x 1, Cash Box x 1

Wooden Shelving, Mirror Backed Bar Shelves

Stainless Steel Trolley x 1

Kitchen

Large Fridge x 1, Stainless Steel Crockery Store x 1

Dish Washer x 1, Water Boiler x 1

Stainless Steel Trollies x 3, Stainless Steel Shelves

Charcoal Grill x 1, Six Hob Gas Cooker x 1

Hot Plate Gantry x 1, Extractor System & Canopy

Commercial Microwave x 1

Store Room

Chest Freezer x 1, American Fridge x 1

Ice Maker x 1, Cleaning Store

Bread Mixer x 1, External Table and 4 Chairs
Trading hours:
SUN, MON, TUE & WED: CLOSED THU - SAT: 17:30 - 21:30
Tenure:
Leasehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
Lost Property Restaurant operates from the ground floor of an impressive Georgain mid terraced property with clear branding displayed above a large bay window. Inside, there is a reception lobby adorned with statues and a welcome area which leads to the main dining area. This offers seating for twenty four, it is traditional in appearance with a free standing tables and chairs in place and stunning décor throughout. The commercial kitchen is professionally fitted with a range of equipment including stainless steel worktops, shelving and trollies, charcoal grill, six hob cooker and much more. There is also a large preparation and store room fitted with a large American fridge, chest freezer, ice maker and so on. The bar is positioned within the dining area and is again fully equipped with a range of accessories including wine fridge, wine rack and mirrored back drop. All areas are finished well with great attention to detail.

Location Details:
Huddersfield
Leasehold Term:
£147 Per Week Including the Service Charge
Listed by:
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