Linthorpe Road, Middlesbrough, North Yorkshire, TS1
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- SECTOR
Restaurant for sale
Key features
- Popular successful business
- Great Investment Opportunity
- Readily Available
Description
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
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
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
Notes
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