Thriving Thai and Chinese restaurants in Middlesbrough with strong customer base and growth potential
Middlesbrough, North Yorkshire
- Status
FOR SALE
- Advert ID
631408
- Leasehold: £225,000
- or
- Freehold: £225,000
- Rent: £13,000 (£1,083 per month)
- Turnover: £200,000 (£3,846 per week)
- Profit: £50,000 (25% Profit margin)
Key Features
- Established Business
- Offers Invited
- Prime Location
- Small Business
Business Details
Thai and Chinese restaurants in Middlesbrough
Thai and Chinese food
This well-established Thai restaurant, situated in the heart of Middlesbrough, North Yorkshire, has been in operation for 24 years. It enjoys a robust customer base and presents an excellent opportunity for interested buyers. The business is available for a freehold purchase, with the asking price available upon request. The current turnover stands at £180,000, and the profit margin is £40,000. All stock, fixtures, and fittings are included in the sale price.
The present owner has managed the restaurant for the past two years but is selling due to relocation from the city. The business employs eight staff members and maintains an active online presence, further enhancing its reach and customer engagement.
Prospective buyers will benefit from the offer of training opportunities to facilitate a smooth transition and ensure continued success. The accounts are available for review, providing transparency and insight into the business's financial health.
This is a unique opportunity to own a well-regarded dining establishment specializing in Thai and Chinese cuisine. The sale is part of a retirement plan, representing a chance for new ownership to continue and expand the business's legacy.
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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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