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BUSINESS REFERENCE : 10259 / RightBiz FREEHOLD RESTAURANT FOR SALE IN NORTHUMBRIA, TYNE & WEAR | | | | | | Restaurant Northumbria, Tyne & Wear T/O: £60,000 GP: 70% Well established business. Highly desirable trading position. Self contained private accommodation. 3 storey property. Scope for all day trading. Enviable reputation with rave reviews. Freehold: £540,000 + SAV | | | BUSINESS LOCATION: | Undisclosed Tyne and Wear UNITED KINGDOM | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Agent Sale | FREEHOLD: | £500,000 + SAV | | | | | | | | | | | BUSINESS DETAILS: | This restaurant business is located in a prominent and highly desirable trading position, within the centre of a picturesque village, within the Northumbria/Tyne and Wear region of the North-East of England. The business occupies substantial three-storey premises, with a wide frontage and ample free car parking facilities outside. It is surrounded by a variety of complementary shops and other businesses, which attract a high daily footfall. This is very much a destination area, for all the surrounding towns and villages and is surrounded by outstanding countryside and stunning views. It is an exceptionally desirable place to live, being within a short commuting distance of Newcastle, yet close to the Northumbria National Park.
Bag a Business is delighted to offer for sale this thriving and highly regarded restaurant, located in such a prime trading position, within the North East of England. The business has been established for over four years and has built up an enviable reputation throughout the region, with outstanding reviews. Currently the business is run at a pace to suit our client, as it is only open Tuesday to Saturday evenings. There remains infinite scope to develop turnover further through the development of a daytime menu and all-day trading, for which there is much demand. It is a particularly attractive purchase as the premises have undergone a complete refurbishment programme and benefit from an exceptionally high standard of fixtures and fittings throughout. The restaurant has a bar area and dining facility, currently configured for 26 covers. It has a particularly spacious commercial kitchen, which is fully fitted with all the latest equipment. The upper two floors boast spacious and self-contained private living accommodation, with two double bedrooms and an external balcony. The property stands on a spacious site with potential to develop the garden area, as well as the buildings to the rear of the property. This is a unique opportunity to purchase such a thriving and highly regarded business. Early discussions with Bag a Business must come highly recommended.
PROPERTY DETAILS
Substantial three-storey property with private, self-contained accommodation on the upper two floors, briefly comprising:
GROUND FLOOR
Main entrance
Bar and reception area with tables and chairs for 8 covers, 2 barstools and coat hanging rack
Raised dining area with 18 covers
Contemporary decor and halogen lighting throughout
Wall mounted menu board
Recessed side lighting
Commercial grade carpeting throughout
Ladies W/C
Gents and disabled W/Cs
Commercial kitchen with: stainless steel tables, stainless steel air extraction system, 6 burner range, ovens, wipe down walls and double fryer
Store/still area with various fridges and freezers
Washing up area with: 2 commercial sinks and commercial dishwasher
Rear delivery access
Private staircase to first floor
FIRST FLOOR
Kitchen; newly fitted with tiled floor, units, worktops, 4 burner hob and oven and door to the balcony and decking area
Bathroom with shower above bath, WC, wash basin and tiled floor
Dining room (or additional bedroom)
Lounge
SECOND FLOOR
Double bedroom with access to the loft space, which is all boarded out
The whole property has been completely refurbished with new wiring, new plumbing and new electrics throughout
EXTERNAL
Rear gardens with potential for external dining areas
Rear yard
Double garage with access to a lane at the rear of the property
Various outbuildings
OPENING HOURS
Lunchtime Fri & Sat: 12.00pm - 2.00pm
Evening: Tue - Sat: 6.00pm - 11.00pm
FINANCIAL DETAIL
W/T: £1,200 approx
GP: 70%
TENURE
Freehold | | | | | | FOR SALE | | | | | SELLER: | BAG A BUSINESS | | CONTACT: | 01204 544400 | | REFERENCE: | 10259 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
