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CONFIDENTIAL SALE
FOR SALE
623937
Business Opportunity: Versatile Shop with Potential for Growth
This is a rare chance to acquire a well-established business strategically located at the beginning of High Street, Stockton-on-Tees. Established in October 1986, this business presents a remarkable opportunity thanks to its unique features and potential for expansion. The property includes a refreshment license valid until 5 AM, beginning again at 6 AM, and it has the potential to develop a highly profitable food delivery service estimated to generate weekly revenues of £5,000.
Originally operating as two separate entities, the business includes Roya's Pantry Café, which was managed by Mrs. E. Zand and open from 9 AM to 4 PM, and an evening Takeaway service with offerings such as pizza, kebabs, burgers, and Parmesan dishes. The café area currently seats 50 customers, and a spacious upstairs area provides excellent potential for additional seating or other creative uses with modern redecoration.
Property Features:
The premises boast large windows for excellent visibility, with a back door leading to a private parking area. The property includes a well-equipped main kitchen with a gas and three-phase electric supply, a 10-foot ventilation hood, and ample cooking facilities. Additional facilities include separate bathrooms for ladies and gentlemen, a staff toilet, and a cloakroom. The flexible layout makes it possible to manage two independent businesses within the same premises.
Opportunities for Growth:
The café initially experienced impressive revenue; however, evolving customer demands now trend toward shawarmas, kebabs, and subway-style sandwiches. By catering to these demands with tasteful renovations, the business can capitalize on the growing market, supported by nearby offices, development projects, and a major hospital that ensure a favorable environment for growth.
This business distinguishes itself with the longest opening hours among local takeaways, being the only shop open until 5 AM and offering ambient food from 4 to 5 AM. In a late-night town where other businesses close by 3 AM, the extended refreshment license provides a significant competitive edge. Although recent management changes and personal commitments have scaled back operations and discontinued home delivery services, the business remains profitable with renewed focus on core hours of 10 PM to 5 AM on Fridays and Saturdays.
The property is offered for a leasehold price of £89,000, with a renewable lease contract and considerable term remaining. The current rent stands at £950 per calendar month, with reasonable annual rates at less than £3,000. All stocks, café and takeaway fixtures, and fittings are included in the sale price.
The retirement of the current owners prompts the sale, seeking a buyer who can fully realize the shop's potential and make the most of its prime location and versatile setup. Serious inquiries only, please, as the sale is available at a realistic price to genuine buyers. Although the business currently lacks an online presence, training opportunities can be offered to new owners if required.
Business Details:
Established: 37 years ago
Nearby Amenities: Yes, including shops, restaurants, and public services
Competition: Offers 23-hour opening license with convenient car park and up to 80 seating area
Reason for Sale: Retirement
Leasehold Price: £89,000
Annual Rent: £12,000
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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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