Indie restaurant comes on the market as investors show appetite for city’s eating-out scene

April 26, 2019

One of Bristol’s new generation of independent café/restaurants, Dela in Easton, has been put up for sale by its owners.

Co-owners Mike Orme and Lara Lindsay opened Dela two years ago in a former Victorian warehouse in Mivart Street, home to an eclectic group of creative businesses. 

Dela, which means ‘share’ in Swedish, is based on the principle of sharing food and eating together.

In keeping with many outlets in Bristol’s burgeoning good scene, it supports small-scale, local suppliers and producers, with a menu focused on seasonal vegetables and sustainable sourced meat and fish as well as local beers and ciders and organic wines.

Mike Orme and Lara Lindsay are now looking to explore other opportunities and have put the 1,461 sq ft open-plan restaurant on the market with leisure property specialists Fleurets.

A new lease is being offered at a guide rent of £22,500 a year, plus a premium of £50,000 to buy the business as a going concern.

Lara said: “Almost two years ago to the day, we took on a tired old warehouse space in need of a lot of love. Following a long summer of grafting we opened the doors to Dela, a space we’re hugely proud of.

“However, nothing ever stands still, it’s been an amazing and rewarding journey, and Mike and I are now looking for a little more time for ourselves and to pursue other projects. We’ve decided to pass on the baton and put the business up for sale.”

Fleurets head of retail leisure & restaurants Kevin Conibear, who is handling the sale, added: “The independent restaurant scene in Bristol continues to attract huge attention and we are witnessing strong levels of demand for well configured neighbourhood restaurants.

“The reputation that Mike and Lara have established, the quality of the accommodation and being situated in a sought-after area is likely to attract considerable interest.”



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