Ref 6135 – Leasehold Licensed Restaurant, Bar & Grill Blacks Brokers are proud to bring to the market this leasehold licensed restaurant, bar & grill located in a busy and well populated area of Liverpool, Merseyside. Introduction
4FIVE3 Restaurant, Bar & Grill has been trading on Smithdown Road since 2016 when the business was established by our vendor, however, a business of this nature has been trading in this location over 40 years. The business offers a range of high quality food choices and has gained a large, repeat customer base in addition to gaining many excellent online reviews on sites including Trip Advisor, Hungry House and Just Eat. The business also has an Instagram & Facebook presence. Location
The shop is positioned Smithdown Road close to the junction with Ullet Road. Smithdown Road is a historic street in liverpool and is a popular residential area with a great deal of passing traffic in addition to the local customer base. The area is well linked by the M62 and A562, with excellent public transport links and parking available close by. The area is also home to a large percentage of the Liverpool University student population. Reason for sale
The business is only being offered for sale due to our client’s other business commitments. Lease
The building is available on a Full Repair and Insure lease (Fri lease). This is the most common form of commercial lease. The current lease began in 2016 at a cost of £250 per week. The lease is 15 years with reviews every 3 years. Building layout and design
4FIVE3 Restaurant, Bar & Grill is housed within the ground floor of a well-presented, mid-terraced property within a parade of shops and businesses. The shop is well branded with attractive signage in place above a partially glazed frontage. Inside, the main restaurant area is very nicely presented and finished to a high standard, with wooden flooring throughout, cosy booth tables and seating areas, and neutral décor. The bar is positioned to the rear of the space with the commercial, well-equipped kitchen behind along with a storeroom. The business lease also includes the basement area which is currently used for additional storage space. All areas are presented beautifully with excellent quality fixtures and fittings in place. A full inventory is available on request. Staff
The business is currently operating with our client and partner in full-time employment in addition to four casual, part-time members of staff. Financial details
Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business generates an annual turnover of £ 91,000 with gross profits of 59,150. Summary
This leasehold business is well-established and has a superb reputation already in place. There is plenty of scope to develop the business further with the introduction lunchtime opening and an online booking service. This proposition would ideally suit an owner-operating team looking for a new venture, able to continue to drive this business forward. Early viewings are strongly advised. Business: £35,000.
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