Business for Sale Overview:
This is a successful family run Mediterranean restaurant which is situated in Redcar town centre on Teeside. The restaurant was established in 2002 and over the years has earned a fine reputation for its good food, whilst being competitively priced. The menu for the restaurant includes pastas,pizzas, steaks, fresh fish and some Turkish dishes which are sourced from local suppliers and freshly cooked to order.
The restaurant is fully fitted and decorated to a high standard and boasts a modern commercial fitted kitchen with stainless steel worktops and prep areas. Recently they were awarded a 5 star hygiene award from the local council. There is an attractive bar area and there are circa 45 covers but in a single party can cater up to 60 people.
The restaurant is situated on the ground floor and upstairs there is adequate room for conversion into living accommodation or to use as a rental property as it has a separate entrance, and which could bring in circa £5,000 per annum.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The freehold property is on two floors. The first floor is the main restaurant with an attractive bar area, forty five covers and a fully fitted stainless steel commercial kitchen. There is a store room at the back of the kitchen and there are customer toilets at the rear of the main restaurant area. Downstairs has full central heating.
Upstairs, which is unused at present, has two large rooms, and two other small rooms which could be converted into a toilet, kitchen, a large bedroom and a living room. There is a separate entrance which leads solely to the upstairs.
The latest valuation of the freehold property was £160,000, rates and water are circa £4,015.
Market Competition and Expansion:
N.A.
Reason for Selling:
The owner would like to return to his homeland.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.