Overview
- Updated On:
- July 20, 2022
Description
SOLD SUBJECT TO TERMS
TST Restaurant, Guiseley, West Yorkshire
Offers Over £80,000, leasehold
Superb large restaurant and wine bar in the highly desirable town of Guiseley in Leeds.
Excellent reputation and trading history, established for over 30 years.
Stylish and well-presented restaurant and large commercial kitchen.
BULLET POINTS
– Leasehold restaurant
– 100 covers
– £600,000 turnover
– Net profits over £100,000
– Beautifully presented
– Fantastic reputation
– Large commercial kitchen
– Established for over 30 years
– Great location
SUMMARY
TST Restaurant and wine bar is stunning, a successful business in a superb location, perfect for any style of cuisine and/or wet led bar.
Showing high sales volume and strong profitability, this restaurant is the perfect addition to an existing portfolio or for an operator looking to take their business to the next level.
LOCATION
TST Restaurant is on ‘The Green’ in the heart of Guiseley, a wealthy and densely populated town in north Leeds.
Guiseley is rated as the fourth best suburb in Leeds to live, Meston and Otley rural towns close by leading to the Yorkshire Dales.
DEVELOPMENT OPPORTUNITY
TST is a well-established Chinese restaurant, with a loyal following, opening throughout the day and being open seven days, a week would increase the turnover even further.
Local demand for a high quality wine bar is high.
FURTHER OPPORTUNITY
The late-night bar on the first and second floor are also available by separate negotiation.
KITCHEN
The commercial kitchen has a six-pan range, a ‘Rational’ oven, and a rice steamer amongst the equipment.
There are multiple storage rooms with substantial fridge and freezer capacity.
STAFF
There are six front of house staff and six kitchen staff, all staff are subject to TUPE.
TENURE
Our client is selling the business as a leasehold for ‘Offers Over £80,000.
The vendor will grant a new lease for the incoming party for a period to be agreed by both parties, the rent will be £39,000 per annum on a full repairing and insuring lease.
TRADING INFORMATION
We have been advised by our client that the turnover is £600,000 per annum, generating a healthy net profit in excess of £100,000 each year.
ADDITIONAL INFORMATION
TST Restaurant has a dedicated website, please visit https://www.tstbarrestaurant.co.uk/
They also have a Facebook page with over 1,600 followers.
