Profitable Lebanese/Grill Restaurant & Takeaway Business in Middlesbrough For Sale
Middlesbrough, North Yorkshire
- Status
FOR SALE
- Date Submitted:
08/12/20
- Advert ID
269690
- Reference
B05978 / Rightbiz
- Call Agent:
- Leasehold: £119,995
- Turnover: £450,000 (£8,654 Per week)
- Net Profit: £75,000 (17% Profit margin)
Business Details
Well established Lebanese Grill Restaurant & Takeaway
BusinessPlease quote reference B05978
Hilton Smythe are delighted to present to the market one of Middlesbrough’s busiest and most well regarded Lebanese/Grill Restaurant & Takeaways.
The exciting ‘Turn-key’ opportunities first established itself in the area in 2012 and due the other business interests of our client in another area, he is looking to pass the multi-faceted business to someone new.
The unique and fresh menu includes –
- Soups – lentil, vegetable, chicken
- Starters – hummus, moutabal, tabbouleh, warak enab, kabees
- Salads – house, Fattoush, hot salad, cucumber
- Hot mezza – falafel, foul mudammas, batata harra, grilled chicken wings, moussaka, hummus shawarma, halloumi.
- Bakery & pastry – sambousek cheese, manakeish bizzaatar, manakish cheese, arayes, lamb
- Main courses – shawarma chicken, special, grilled chicken kebab, kafta meshwi, mixed chicken, mixed grills, baby chicken, king or superking The Bake mixed grill, aubergine moussaka with lamb, biryani, kabasah.
- Parmesans – chicken, fungi, pepperoni of hot shot
- Sides
- Wraps
- Fresh juices, soft drinks
- Desserts & ice cream
In normal trading circumstances the business is split evenly between customers dining in the restaurant or those ordering online for delivery.
We are advised majority of the current sales is taken from delivery orders through Just Eat as well as those walking into the business for collection orders.
There are excellent reviews online for the business –
- Just Eat – 5/6 customer review score from over 1,100 reviews
- Facebook – 4.5/5 customer review score
- Google – 4.4/5 review score
- Trip Advisor – 4.5/5 review score
Further scope for development –
- Increase dining space into 1st floor Shish Lounge
- Increase number of private parties/weddings/office dinners
- Apply for alcohol licence
- Increase social media presence including Facebook, Twitter & Instagram
Location
Bake Two is centrally located on the busy Borough Road in Middlesbrough.
Borough road is a vibrant street with lots of Restaurant & Takeaway businesses which leads straight into the town centre to both the Cleveland centre and Hill Street Shopping Centre.
This is a very good high footfall area, with both Teesside University directly facing as well as Teesside Magistrates Court in front.
Middlesbrough is a large town located just off the A66 cross country link road which links west to the A1 motorway.
The business benefits from free parking in the adjacent streets.
Nearest mainline station is Middlesbrough central.
Premises
Prominent double fronted corner unit spread over 2 floors with electric security shutters to both side
Ground floor –
- Consists of an open plan grill area and separate dining area for (approx. 30 customers)
- Customer toilets
- Kitchen
- Storeroom
- Staff facilities.
- Shish lounge/2nd dining area (further 50 covers)
- Customer toilets
- Storeroom
- Outside terrace.
- Includes 2 x kebab machines
- Large charcoal fired grill
- 2 x large extraction hoods
- 2 x triple fronted stainless steel fridge units
- Table topped fridge
- 2 x glass fronted chilled servery fridges
- Storage counter (with till, card machines & 2 x Just Eat order terminals)
- 2 x fryers
- Single deck oven
- Microwave
- Griddle
- Gas oven
- Freezers.
Tenure
We are advised that the business is being sold on a leasehold basis, with a new 20 year lease being offered to the new buyer. The rent is £1,000 per month and the business are nil.
Hours
The business hours are;
Monday - 11am to 11pm
Tuesday - 11am to 11pm
Wednesday - 11am to 11pm
Thursday - 11am to 11pm
Friday - 11am to 11pm
Saturday - 11am to 11pm
Sunday - 11am to 11pm
Staff
We are advised that the business has 3 full time and 2 part time members of staff.
Financial Profile
We are advised that the business is generating a turnover in the region £450,000 for the year, with the adjusted net profit in the region of £100,000
Please quote reference B05978
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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