City Centre Restaurant and Function Room in Sunderland Sunderland, Tyne and Wear, United Kingdom Advert ref: R032NE Business description
Lakey & Co are delighted to offer For Sale this long established and well fitted Restaurant seating up to 150 covers in Sunderland City Centre. Currently trading as and Indian Restaurant taking in the region of £5000 per week, with an additional function room accessed through the main restaurant, the premises would be well suited to any cuisine and must be seen to be appreciated. The business would provide a fantastic opportunity for an owner chef to aquire and further develop an already highly profitable business.
Property: Leasehold
Lease terms
The premises are leashold with a current rental of £13,500 per year (£260 per week). The lease is for 25 years commencing 2001 with a 5 yearly review.
Location
This Restaurant business is situated in a prime location in the heart of Sunderland City Centre opposite Joplings and close to the junction with Fawcett Street.
Competition / Market
Sunderland is a thriving City Centre with an increasing residential and student population. This business is well positioned to take advantage of the newly construced flats and apartments in this area which is undergoing significant investment and redevelopment.
Reasons for selling
Our clients wish to pursue other business interests.
Financing available
This business opportunity should support finance-subject to status. Please contact Lakey & Co who can put you in touch with impartial and independent commercial finance brokers.
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| | Financial details Asking price: £175,000
Sales revenue: £200k < 500k
Net profit: Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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