Restaurant for sale

Bridge Road, Stockton-On-Tees, Cleveland, TS18

£99,995

Property Description

Full description

POPULAR ITALIAN RESTAURANT - COUNTY DURHAM
Situated in the desirable town of Stockton-on-Tees
Ideal for a first time buyer or a partnership
Early viewing essential to fully appreciate
High amount of regular and repeat trade
Scope to further develop the business
Advised annual turnover of 300,000
Genuine reason for sale
Walk in condition
LEASEHOLD

Location
This fantastic Italian restaurant is situated in a prominent position in the market town of Stockton-on-Tees, County Durham. The business is surrounded by complimentary businesses, leisure facilities, visitor attractions and much more which are all beneficial for the business. Stockton is located on the north bank of the River Tees. The town has many suburbs with individual identities including Fairfield, Grangefield, Elm Tree Farm and many more. Stockton-on-Tees is easily reached via the A66, the A19 and the A174 making commuting easy for anyone who wishes to visit.

Business History
Meridian Business Sales are delighted to offer to the market this superb Italian restaurant which was established by our client in 2008. Our clients are reluctantly offering the business to the market due to their desire to take a well deserved retirement.

Since the business was established our clients have continually developed and improved the business introducing new lines and income streams which have enhanced the business massively.

Our clients inform us that annual turnover currently runs at 300,000 which is derived from offering classic Italian dishes and a high quality customer service.

The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade alongside good word of mouth recommendations.

The business is very well presented throughout and is being sold with all fixtures and fittings included in the sale price which is a huge plus for a new owner as additional funds will not need to be spent on modernising for many years.

Our clients have invested time and money into the business and premises to the point where it is in full walk in condition.

The business has been run at a pace to suit our clients lifestyle meaning that there is scope for a future purchaser to further develop the business by introducing longer opening hours.

This is an excellent opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this brilliant business is not to be missed.

Financial Profile
Turnover: 300,000pa
Stock approximately: 5,000

Tenure
We are advised Leasehold
Rent: 2,100pm

Opening Hours
Monday: CLOSED
Tuesday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Wednesday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Thursday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Friday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Saturday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Sunday: 12:00pm - 2:30pm // 5:00pm - 10:00pm

Accommodation
Well signed property briefly comprising:

GROUND FLOOR
Secure entrance leading to:

Open plan dining area

Bar

Kitchen/ prep area

Male, female and disabled toilets

Nearest stations

  • Thornaby (0.5 mi)
  • Stockton (0.7 mi)
  • Eaglescliffe (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Thornaby (0.5 mi)
  • Stockton (0.7 mi)
  • Eaglescliffe (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 4359. 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 Meridian Business Sales Ltd, Bolton. 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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