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£850k Leicester bar & restaurant for sale

Barceloneta & Bar Dos Hermanos, a former Spanish and Cuban-inspired bar and restaurant in Clarendon Park, Leicester, has been brought to market through Christie & Co, with a guide price of £850k for the freehold or £75k for the rent leasehold.

Based on Queens Road, the adjoining bar and restaurant site is situated in a lively area of the city and has been trading under the same family ownership since 1989.

The restaurant half of the business, Barceloneta is renowned for serving freshly cooked tapas and an extensive selection of drinks inspired from areas of Spain, the Mediterranean and North Africa.

Next door, Bar Dos Hermanos is a popular 1940s Cuban American-style bar, serving classic and contemporary cocktails, beers, wines and spirits from around the world.

The business was forced to close its doors in March this year due to the COVID-19 lockdown and has remained shut since. During this time, the current owners, brothers, Andy and John Husain have carried out a good amount of refurbishment and the site represents a genuine ‘turnkey’ opportunity. The pair have now made the decision to bring the property to market to retire from the sector.

John commented, “After thirty-one very enjoyable years of running Barceloneta & Dos Hermanos, we have made the decision to hand the reins to a new owner – this has come a little sooner than we originally planned due to the COVID-19 pandemic.

'My brother and I would like to take this opportunity to thank all of our generous customers, many of whom have become friends, for the tremendous support they have given us. We are extremely humbled that so many people in our neighbourhood and throughout the city embraced our restaurant and helped us to succeed for as long as we had.

'We harbour no thoughts of leaving this community, our community, or of retiring. When we find suitable operators to take over the business, then we very much look forward to entering the premises as customers.”

Gavin Webb, Senior Agent in Christie & Co’s Licensed and Hotel team is handling the sale and added, “This is a rare opportunity to purchase or lease a long-established business, located in a popular area of Leicester, just two miles from the city centre.

'The business is very well established and represents an ideal opportunity for either an existing operator or someone already working within the trade who would like to acquire their own business.”