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Restaurant for sale

High Street, TS13

Sold STC 132 sq. m. | £299,950

Property Description

Commercial information

  • Business for sale
  • 1,420 sq ft (132 sq m)

Key features

  • REF: 13220
  • FREEHOLD
  • RESTAURANT
  • LETTING ROOMS
  • CRAFT STORE
  • TOURIST LOCATION

Full description

Tenure: Freehold

LOCATION
Cleveland Corner is located in Staithes, Saltburn-By-The-Sea, North Yorkshire.

This is a beautiful tourist village that is situated on the North Yorkshire coast. The business is set amongst quaint businesses within a minutes' walk of the harbour. There are many independent retailers and pubs along the main street. There is a large pay and display car park a 5 minute walk away.

This is a traditional village with an excellent community feel. Staithes offers regular social meeting, clubs and societies, to which the purchaser will be highly welcomed to.

Staithes was once one of the largest fishing ports on the North East coast. The village now offers several bed and breakfasts to cater for the high number of visitors that visit the area each year. Staithes has a great source for iron, alum and minerals. The village is also well-known as the Dinosaur Coast, drawing in huge crowds of amateur and professional geologists. Staithes was the was home to Captain Cook, the famous British explorer, in his teenage years. There is a museum dedicated to Captain Cook in Whitby, which is a short drive down the coast.

Staithes is a village with huge character. The cobbled streets, harbour and hills set this village out from all the rest. This is a must sea fishing village and was recently on the popular TV series 'Hidden Villages with Penelope Keith, as well as being used for the children's TV show 'Old Jacks Boat'.

Staithes is set just off the A174 an arterial road that runs across the coast. This road runs from Saltburn-By-The-Sea across to Whitby were it then connects to the A171. There are bus stops on the main road and the closest train station is in Saltburn, a 20 minute drive away.

BUSINESS
Hilton Smythe welcomes to the market Cleveland Corner. This multi-facet business was originally established in the 1950's and has an excellent reputation in this tourist village. Our clients then took over the business in 2013 and are now looking to sell the business, due to the desire to travel.

This is a bustling business that is set in the beautiful fishing village of Staithes. The business is run as a bistro, craft store and a bed and breakfast. This is a great business that fits in well in the village.

The bistro offers an excellent menu and specialise in meat and fish dishes. All produce is locally sourced. Booking is essential especially in the warmer summer months, as there is a huge increase in visitors. This intimate bistro is the main revenue generator for the business.

The craft store compliments the bistro well and is a great asset to the business. They sell a wide variety of arts and craft products, wools, materials and books to name just a few. On the second floor of the business, there are two letting rooms. The two rooms are both doubles and have been completed to a very high standard. Due to the large amount of tourism this side of the business has proven to be very popular.

We are advised that the business is currently generating an advised turnover of 80,476, as of the 2016 accounts, with a gross profit of 51%. The bistro generates much of the turnover and so we feel that the new owner could look to expand the seating area, across the whole of the ground floor.

The first floor has another retail space. This is currently let out as a lady's fashion store. This space generates 50 per week; this is a great extra income for our clients. This space could be used by the purchaser if required.

The business has a great online presence. The business Facebook page has over 450 followers. This page is regularly updated with new dishes, special offers and promotions. The business also has an exceptional user friendly website (www.clevelandcorner.co.uk). Bookings for the letting rooms can be taken through the site.

When searching for the business through Google, the website is the first link. The site is included in the sale. We feel this is an excellent opportunity that would suit a husband and wife team or partnership.

This is a fantastic Freehold business opportunity that is not to be missed. Hilton Smythe highly advise early viewing to take in the full potential of the trade.

PREMISES
The property briefly comprises:

Set in the corner of the cobbled high street, this double fronted building is very distinct. The letting rooms have a separate entrance to the bistro and craft shop. Each entrance is well signed.

Bistro
To the right-hand side of the building is the entrance into the bistro. The bistro is open plan with 16 covers. Fully fitted with tables and chairs, the walls are adorned with local art works. The bistro joins on to the craft shop and to the rear there are stairs with access to the basement, first and second floors.

Kitchen

The kitchen was fully refurbished in 2015. This room is situated in the basement.

All equipment is included and comprises of-
2 industrial fridges
Industrial freezer
Domestic fridge freezer
Under counter freezer
Double oven
6 electric hobs
Electric griddle
2 microwaves
Mixers
Industrial dishwasher
2 fryers
All general equipment and utensils are also included.

There is also a store cupboard and a wine and beer store.

Craft Shop.

The craft shop benefits from its own shop entrance.

To the left side of the building is the retail craft shop, fully fitted with shelving and display stands. The serving area and till are to the rear, with a clear view of the store.

Up to the first floor there is further retail space. This area is currently leased out to a local fashion retailer, paying 50 per week rent. This space has its own toilet and bathroom as well as storage area.

The retail space is very versatile and could be used for multiple purposes, such as extra letting rooms or private owners' accommodation.

Second floor:

Letting Room 1
This bright and spacious double room has an en-suite bathroom with shower, tea and coffee making facilities and a TV. All furniture is included with the sale.

Letting Room 2
Again, this double room comes with an en-suite shower, TV, tea and coffee making facilities. All furniture and fixtures and fittings are included.

The letting rooms have a separate side entrance.

TENURE
We are advised the business is being sold as a Freehold opportunity.

HOURS
The bistro opening hours-

Summer months
Open Monday - Sunday 6pm - 9pm

Winter months
Thursday through to Sunday 6pm - 9pm (closed Mondays, Tuesdays and Wednesdays)

STAFF
The business is run and managed by our clients, with the help of one full time, two other members of staff and casual help when required for the letting rooms.

FINANCIAL PROFILE
The business generates a turnover in the region of 80,476 as of 2016 accounts.
Gross profit 51%.


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