Advert Details

Newly Refurbished Restaurant on Main High Street For Sale

Details: Asking price:£85,000; Sales revenue:< £200k; Net profit:Undisclosed; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: Newly refurbished restaurant, 2 floors, ground floor and second floor both seating 40 and both with a fully fitted bar. Located on busy main street of linthorpe road, surrounded by bars, clubs, and other fine dining restaurants.

General information: Business closed / Asset sale; Years established:1 year; Employees: 5; Trading hours: 11.30am - 2.30, 5.30- 11pm; Property:Leasehold; Lease terms:10 year Leasehold with review every 5 years. 17,500 pa.; Location:Prime high street location,
186 Linthorpe Road, located behind the Universities, and a minute from town centre and central banks; Expansion potential:Converting upstair in a lounge bar, cater for students, cater for office workers, or cater for night out goers.; Competition / Market:No threat, it is more like an opportunity, with surrounding businesses like KFC, Macdonalds, starbucks, fine dining restaurants, bars, clubs, cafe, and high street clothes stores,; Support & training:The restaurant is clean and ready to be vacated. Contact for viewing; Reasons for selling:Family commitments. Brother moving abroad.