Leasehold Independent Restaurant Located in Leicester
Ratings # Trip Advisor 4.5 / Facebook 4.5 / Google 3.9 / Uber Eats 4.1
Ref 2686

Location
This modern, vibrant restaurant is located within a prominent trading position on Friar Lane in Leicester City Centre. Located in the conservation area of Leicester City centre, a stone's throw away from Richard III Memorial. Leicester's city centre is the bustling heart of the city. A heady mix of the old and the new, Leicester city centre offers a superb taste of culture, food, history and fantastic shopping opportunities. Leicester has enough shopping centres, independent shops and stalls to suit every budget, including an open-air market. The city has a very vibrant arts scene, resulting in a high concentration of quirky boutiques, art galleries, antique stores, and gift shops. All of which bring high levels of footfall to the area. Leicester offers easy access to Nottingham City Centre (22 miles), Coventry (23 miles),Derby (23 miles) and M1 Junction 21 (7.7 miles).

Asking Price: £74,995 plus SAV (£2,000)

Business Description
Veritas Business sales are privileged to offer to the market this vibrant Grillhouse Restaurant which is located in the heart of Leicester City Centre. The 380sqft building was completely renovated from a bar previously into a restaurant in 2016. The restaurant has been nominated for several design awards, due to the amazing style and décor. The restaurant has ranked on Trip Advisor between 20th & 30th over the last 10 years, out of over 500+ restaurants in the city. Our clients are now offering the business for sale due to focusing on their new digital business ventures which is taking up more of their time.
The premises come fully fitted with top of the range catering equipment along with exceptional quality fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Fernandez Grillhouse is a 2-storey building with seating capacity for 130 covers over two floors. Seating for the majority is located on the ground floor with some basement floor seating. The business is owner operated and employs 4 full time and 8 part time members of staff and for the average weekly turnover of £7,500 net of vat and all sales are for soft drinks and food only. They have a mouth-watering varied menu specialising in grilled chicken, burgers & steaks. This has led to a very diverse range of customers from regular locals to students, families & tourists.
There is a huge opportunity to increase revenue should you wish, by adding an alcohol drinks menu that would compliment the food menu and we believe this would increase revenue by as much as 80%. Other opportunities include, extending opening hours to lunch time trade, private hire, creating your own app to help drive more takeaway sales, bringing in own drivers to deliver directly to customers, engagement with student groups, societies and sports teams, increased social media marketing and by growing the business into a franchise model, some modelling was started by current owners which is included within the sale.This is a superb opportunity to purchase a turnkey business where all the hard work has been done and is a great base to build upon and such early viewing is highly recommended as this gem is not to be missed.

Opening Hours
Monday - closed
Tuesday - Sunday - 5:00pm - 10:30pm

Leasehold
Term: 10 years
Remaining: 3 years 9 months (can be extended)
Rent: £30,000 pa
Business Rates: £6,660 pa

Licenses
A3

Ground Floor
Restaurant comprising of seating for 112 covers on this floor, 24 booth seats, 60 tables, 48 chairs, 6 highchairs, bespoke bar, 3 Epson receipt printers TM-T88V, 2 cash drawers, 2 Apple iPads, 2 Gram fridge's, Gram freezer, 3 Cater-Cool fridges, Waring ice crusher IC70, Nespresso coffee machine, Scotsman ice machine AC86, X-TRA dishwasher, Music Vision amplifier P65OB, and 4 Panasonic phones.
Disabled & Family W/C with wash basin and baby changing area.
Ladies & Gents W/C with wash basin and wall mounted paper towel holder.
Basement Floor
3 fantastic intimate themed booth rooms were designed to bring a fun element to the dining experience of grilled food from around the world. The booths are always in demand for small groups and families.
Large Kitchen comprising: 2 Valentine twin basket fryer, Valentine chip scuttles, Lincat flat grill, Foster saladadette, Buffalo bain-marie, Prince Castle 8 pan drawer, Round Up vertical toaster, Bonnet grill 1800mm, 2 Malibu hot drawers, Bonnet steamer high pressure, Bonnet combi oven, Buffalo dessert fryer, Blendtec blender, Inomak gantry with warming drawer, Hobart dishwasher, 4 Buffalo microwaves, Apple iPad, Foster chest freezer, 3 Foster double upright fridges, 2 Foster double upright freezers, 2 Foster countertop fridges and Foster countertop.
Office with Apple mini mac, Apple airport extreme, Net Gear power net gear and 3 Samsung screens.
Gents W/C with wash basin, electric water heater and wall mounted paper towel holder.
Ladies W/C with wash basin, electric water heater and wall mounted paper towel holder.

The property is single glazed and benefits from electric heating & air-conditioning