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Casual Dining Restaurant for Sale in Newcastle upon Tyne, Tyne and Wear

Newcastle upon Tyne, Tyne and Wear

CONFIDENTIAL

  • Leasehold: Price on Application
  • Turnover: £155,000 (£2,981 per week)
  • Profit: £10,000

Business Details

Exceptional Opportunity to Acquire a Thriving Casual Dining Restaurant in Tyne & Wear

Starling Corporate is delighted to present an outstanding opportunity to acquire a well-established and highly regarded casual dining restaurant, prominently positioned within one of Tyne & Wear's most affluent and desirable locations.

Founded in 2017, the business has earned an exceptional reputation as a vibrant community destination, renowned for its distinctive fusion-inspired menu and welcoming atmosphere. It enjoys a loyal and diverse customer base, has attracted visits from celebrities and professional footballers, and has even received enquiries from parties interested in developing the brand through franchising.

This is a rare opportunity to acquire a profitable, fully operational hospitality business with a strong local reputation, proven trading history, and considerable scope for future growth. The restaurant demonstrated remarkable resilience during the COVID-19 pandemic by successfully adapting its business model, expanding its offering, and strengthening its connection with the local community. As a result, it emerged with an even stronger brand and an increasingly loyal customer following.

The business is offered for sale as the current owner plans to retire. While it has been successfully managed to date, the vendor believes the next stage of growth would be best achieved by a dedicated owner-operator. Opportunities exist to further increase profitability through expanding private events and functions, growing takeaway and delivery revenues, enhancing digital marketing and social media presence, refreshing the brand, or revisiting previous franchising discussions.

The premises feature a fully equipped commercial kitchen, attractive customer dining areas, experienced and dedicated staff, and well-established operational systems, ensuring a smooth transition for a new owner with minimal disruption to trading.

This opportunity would be ideally suited to an experienced restaurateur, an ambitious owner-operator, an entrepreneurial couple seeking a lifestyle business, or an investor looking to acquire a respected hospitality brand with multiple opportunities for expansion.

Businesses of this quality and reputation rarely come to market. Early enquiries are strongly encouraged, and offers are invited.

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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.

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