Thriving Restaurant in Tyne & Wear

South Shields, Newcastle upon Tyne
REF: R05744

Asking Price:
£60,000
Annual Turnover:
£250,000
Annual Net Profit:
TBC
REF: R05744

Overview

Tenure:
Leasehold
Established:
2004
  • Varied menu options
  • 5-star hygiene rating
  • Prime trading location
  • Well-fitted premises
  • Genuine retirement sale

A stellar opportunity has presented itself to acquire a well-established and thriving restaurant located in the popular Tyne and Wear county.

This is a well-operated and successful restaurant which provides a wide range of high-quality food and drink to its customers, at competitive yet reasonable prices. Offering a timely and reliable service, the business also serves an assortment of alcohol and through offering locally sourced produce and a clean and tidy environment, has achieved the coveted 5-star hygiene rating. Trading seven days a week, the business has grown organically through word of mouth and recommendations, as well as via its Facebook presence.

Since it began trading in 2004, the restaurant has strived to provide good quality products and has successfully cemented a strong standing within the local community and acquired a large customer base.

The maintenance of low overheads have contributed to healthy weekly takings and the business continues to thrive.

The business trades from a double-fronted, terraced building with a vibrant exterior, displaying the restaurant name across the top of its entrance. The rear of the premises provides storage and its entrance leads to a loading bay.

The ground floor is comprised of the main restaurant area which can accommodate up to 140 diners. There is a bar to the left of the floor and to the right are two large Bain Marie units and coffee machines. The interior is decorated in gold and red and boasts high-end fixtures and fittings. There is a large disabled toilet facility and baby changing unit on this floor.

The upper-level floor incorporates a large space, which is currently unused and could potentially cater for a further 40 covers. This floor includes a male and female toilet facility, a well-equipped kitchen and conference room which can hold up to 30 people. The business has also offered the premises for functions, which has proved popular with locals, as well as evening entertainment.

This is an ideal platform for an experienced caterer or owner-operator looking to acquire their own base in this geographical location and will also benefit an existing company, looking to grow through acquisition into this area.

Through incorporating the upper-level floor into the business, the new owner could effectively cater to more customers on a regular basis. This would ultimately result in higher annual takings.

Longer trading hours would also be beneficial, as would offering a takeaway, home delivery and external catering service. An increased workforce would also allow operations to be managed more efficiently.

Furthermore, increased marketing through online platforms and social media would help boost exposure and attract a larger customer base.

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  • Residential area
  • Heavy footfall
  • Town centre position
  • Easily accessible
  • Parking nearby
Rent
£23,400
Rates
£0
Lease Term
5
Lease Expiry
2026
Square Footage
TBC
Accommodation Included
No
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

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