Restaurant/cafe for sale in Linthorpe Road, Middlesbrough TS1
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Property description
Parker Barras are delighted to offer a popular smash burger bar restaurant & takeaway in within a busy town centre.
The business achieves substantial sales and profits via a regular customer base and regular passing trade, as well as benefiting from its excellent reputation throughout its hometown and further afield.
Burgerlicious which has traded for 2 years and thrived with a turnover in excess of £700,000 . It boasts a 5 Star Hygiene Rating and a 4.6/5 rating with over 180 great Google reviews. The business is fully staff run and employs 10 staff. This is a great opportunity to purchase an established takeaway with a turnkey operation which is a great base to build upon. As such early viewing is highly recommended. The premises was fully fitted out prior to the launch at an expense of around £120,000 and is well maintained to a high standard. The restaurant seats around 40 customers at full capacity. The current lease is to be assigned to the new owner and has around 8 years remaining at an asking rent of £15,000 plus VAT per annum. A service charges also payable at £2,400 per annum. We believe the business will prove a successful acquisition, especially for a dedicated, enthusiastic purchaser to continue to exploit the full potential and derive maximum profits.
The companies turnover from 01/01/2023 to 25/02/24, so just over 12 months was approximately as follows:
£435,876 - Inside Restaurant sales
£173,912 - Uber Sales (please note uber started from June 2023 onwards - therefore just over 7 months, Uber running for a whole 12 months sales would approximately generate to £300,000)
Online website sales - £75,000
Total Sales - £682,788
The owner is planning to relocate hence the sale.
This business would be ideal for an owner operator which could highly increase profits.
Business For Sale: £225,000 + sav
* Sizes listed are approximate. Please contact the agent to confirm actual size.
For more information about this property, please contact
Parker Barras, TS2 on +44 1642 966828 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Parker Barras, and do not constitute property particulars. Please contact Parker Barras for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.
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