Modern British Restaurant in Teeside

Redcar, Teeside
REF: R07364

Asking Price:
£70,000
Annual Turnover:
£196,971
Annual Net Profit:
TBC
Featured
REF: R07364

Overview

Tenure:
Leasehold
Established:
2018
  • Central, accessible location
  • Repeat customer base
  • Well-equipped premises with 48 covers
  • Great team of staff
  • Brilliant local reputation

Now for sale is this relaxed restaurant serving favoured British cuisine in Teeside.

Since 2018, the restaurant has been serving a range of high quality breakfasts, lunches and evening meals, gaining a loyal client base and an excellent reputation in the process. Licensed to serve alcohol, the restaurant draws in large groups to celebrate special occasions, as well as couples and families looking for a quiet meal out.

Due to the current owner now seeking a lifestyle change, a new proprietor is required to take the business over easily and continue training profitably.

The restaurant prides itself on using high quality ingredients and delivering the best customer service to ensure diners have a memorable meal. With a team of two full-time and five part-time staff in place, the restaurant runs smoothly throughout the week, welcoming in passing trade and reserved tables.

Customers enter the premises from the main road and step directly into the seating area, with three tables to the left and a raised seating area and bar to the right. Beyond are toilets and a fully-equipped kitchen, fitted with stainless steel worktops and equipment which is less than a year old, including four burner cookers with grill, a hot plate, two fryers, a convectional oven, two large fridges and an industrial pot wash, amongst other items. To the rear is a fire exit leading to a garage used for storage space. There is also an additional lock up with CCTV.

The business has a professional website and utilizes social media platforms.

This is an excellent opportunity to take on an immaculate, tastefully decorated restaurant which has a loyal customer base and its supported by local businesses in the community.

Ideal for a couple or single trader, with experience preferably in the catering industry, or potentially a chef or first-time buyer looking for a business opportunity, a new owner could take steps to grow the business further.

Opening on Mondays or extending opening hours would be beneficial in allowing more diners to visit the restaurant. Possibly introducing a delivery service would also help grow the customer base and increase sales. Reaching out to more local businesses in the area and offering discounts to their employees would also boost trade. Currently above the restaurant there are nine offices ready to be let which will undoubtedly increase trade when they are.

The current owner would be willing to stay on for a transitional period upon sale.

Loading...
  • On a busy main road
  • High footfall
  • Parking available
  • Easy access
Rent
£15,000
Rates
TBC
Lease Term
5
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

Refine

Miles
£
£
£
£