Very Busy Licenced Restaurant in Tees Valley For Sale Cleveland, United Kingdom Advert ref: R225NE Business description
Lakey & Co are delighted to offer For Sale this busy, well established licenced Restaurant currently taking between £8,000 and £12,000 per week. This business is situated in a busy, popular and prominent location and the premises are presented in extremely good order. This business opportunity presents an ideal chance for an existing operator to further expand their portfolio or for a chef looking at buying an established and busy business. The business is widely respected in its own locality and further a field.
Property: Leasehold
Lease terms
The premises are leasehold with a current rental of c£35,000 per year. The business rates payable are £7,000 per year.
Location
This Restaurant benefits from a prominent and highly visible location, with ample parking in the immediate vicinity. It is surrounded by both complimentary businesses which lead to a thriving and active restaurant community.
Reasons for selling
The business is being sold for family reasons.
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.
Related documents
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| | Financial details Asking price: £279,950
Sales revenue: £500,000
Net profit: Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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