This property has been removed by the agent. It may be sold or temporarily removed from the market

View similar properties

Restaurant for sale

Friar Gate, Derby, Derbyshire, DE1

Sold STC £10,000
126 sq. m.

Property Description

Commercial information

  • Business for sale
  • 1,356 sq ft (126 sq m)

Key features

  • REF: 1745

Full description

Tenure: Leasehold

Hilton Smythe would like to welcome to the market Friars Bar and Steakhouse in Derby. The business was established in 1999 and has been in our client`s ownership since 2006. Only now is the business offered to the market due to our client`s wish to relocate. The business is open 6 evenings per week and generates a turnover in the region of 60,000 with a gross profit of 65%. The restaurant comes with a full licence and the seating area offers 30 covers. The business has a loyal client base with a large amount of repeat trade.

The business is a small family run restaurant and has a rustic and cosy atmosphere. It is a relaxed venue with exposed brick walls, wooden flooring and soft lighting. We feel the business would benefit from a website to advertise the business and services offered as there is currently none in place. We also feel that the turnover could be increased by extending the opening hours and perhaps serving a lunchtime menu. This is an ideal opportunity for a new owner to acquire a very profitable business, which is well-equipped and in a 'walk-in-and-trade' condition; therefore early viewing must come highly recommended.

Friars Bar and Steakhouse occupies prominent three storey premises on the busy Friar Gate within Derby, Derbyshire. The business is situated in an area that is renowned for its quality restaurants and bars. The property benefits from ample on-street parking to the front of the property and is situated within a range of complementary businesses. Situated within the Cathedral Quarter of the city, the property is within walking distance of the Derby City Church and the Derby Museum and Art Gallery with a large amount of footfall and passing trade.

The area is well served by public transport with several bus stops within easy walking distance of the property, with the nearest railway station just a short distance away. Derby is a popular and thriving city with a large student population and is a desirable place in which to live. Derby is well served by the A-roads being in close proximity to the A38 and A61, with the M1 motorway being approximately 9 miles away. Nottingham is 15 miles away and Chesterfield 24 miles away.

Mid-parade three storey premises, briefly comprising:

Ground floor:

Restaurant area with wooden flooring, tables and chairs for 30 covers, central heating, 2 x feature ceiling fans, bar servery with two points of dispense, electronic cash register, ice machine, wine chiller and ladies and gents WCs.

Fully fitted commercial kitchen with stainless steel work surfaces, 2 x stainless steel sink units, dishwasher, 4 x refrigerator/freezers, plate warmer, grill, double fryer, 6 x burner range and stainless steel extraction system.

Cellar used as storeroom.

1st floor with:

Lounge,bathroom and acillary area.

2nd floor with:

2 x double bedrooms.

We are advised Leasehold:

Original lease length: rolling agreement.
Rent: 3,200 per quarter.

The business is open:

Monday - Saturday: 6.00pm - 9.30pm.
Sunday: Closed.

The business is owner run and managed with 2 full-time staff members.
The business generates a turnover in the region of 60,000.

Map & Street View

Disclaimer - Property reference 1745. The information displayed about this property comprises a property advertisement. makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by

Map data OpenStreetMap contributors.