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Linthorpe Road, Middlesbrough, North Yorkshire, TS1

£225,000

Business rates & charges may apply

Parker Barras, Teesside
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SECTOR

Restaurant for sale

Key features

  • Popular successful business
  • Great Investment Opportunity
  • Readily Available

Description

Parker Barras are delighted to offer a popular smash burger bar restaurant & takeaway in within a busy town centre.



The business achieves substantial sales and profits via a regular customer base and regular passing trade, as well as benefiting from its excellent reputation throughout its hometown and further afield.



Burgerlicious which has traded for 2 years and thrived with a turnover in excess of £700,000 . It boasts a 5 Star Hygiene Rating and a 4.6/5 rating with over 180 great Google reviews. The business is fully staff run and employs 10 staff. This is a great opportunity to purchase an established takeaway with a turnkey operation which is a great base to build upon. As such early viewing is highly recommended. The premises was fully fitted out prior to the launch at an expense of around £120,000 and is well maintained to a high standard. The restaurant seats around 40 customers at full capacity. The current lease is to be assigned to the new owner and has around 8 years remaining at an asking rent of £15,000 plus VAT per annum. A service charges also payable at £2,400 per annum. We believe the business will prove a successful acquisition, especially for a dedicated, enthusiastic purchaser to continue to exploit the full potential and derive maximum profits.



The companies turnover from 01/01/2023 to 25/02/24, so just over 12 months was approximately as follows:



£435,876 - Inside Restaurant sales

£173,912 - Uber Sales (please note uber started from June 2023 onwards - therefore just over 7 months, Uber running for a whole 12 months sales would approximately generate to £300,000)



Online website sales - £75,000



Total Sales - £682,788



The owner is planning to relocate hence the sale.



This business would be ideal for an owner operator which could highly increase profits.



Business For Sale: £225,000 + SAV

Linthorpe Road, Middlesbrough, North Yorkshire, TS1

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Middlesbrough Station0.7 miles
  • Marton Station2.4 miles
  • Thornaby Station2.6 miles

About Parker Barras, Teesside

The Qube Windward Way, Middlesbrough, TS2 1QG

Parker Barras, Teesside

Parker Barras are award-winning Commercial Property & Business Transfer Agents formed in 2007 and operating from state-of-the-art office premises, located in Teesside and covering the North East.

Our proactive approach enables the firm to act efficiently on the Sale and Letting of all types of Commercial Property, as well as acting as business transfer agents, helping you achieve the best outcome, when its comes to selling your business.

Parker Barras charge absolutely no upfront

More properties from Parker Barras, Teesside

Notes

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Disclaimer - Property reference 193916550. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Parker Barras, Teesside. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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