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Maximos Restaurant, Old Brewery, Stockton Road, Castle Eden, TS27 4SU

Offers in Region of
£50,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant for sale

Key features

  • Long Established Popular Restaurant
  • Affluent Village Location
  • Immaculately Presented Throughout
  • 2023 Net T/O c.£365k with ANP c. £75,000
  • Annual Rent £25,000
  • 70+ Covers EPC Rating C
  • Christie & Co Ref: 6467074

Description

Description

Maximos Restaurant is a long established and successful business immaculately presented throughout, offering authentic Italian cuisine.

Located within the Old Brewery, Castle Eden, the restaurant is frequented by locals as well as tourists to the area.

With fantastic reviews on TripAdvisor as well as other sites, Maximos has been a firm favourite for many years.

This is a great opportunity for an independent business owner, chef or manager to invest in a turnkey renowned business.

Location

Maximos Italian Restaurant is perfectly located on the B1281 in the well renowned Old Brewery, Castle Eden, in south County Durham. Popular with executive commuters, Castle Eden is within easy reach of the A19 and less than 15 minutes outside Durham City and Hartlepool.

The village of Castle Eden is home to one of the best parkland golf courses in the North East of England, which is opposite the restaurant.

Internal Details

The restaurant consists of a communal entrance, 70 covers, fully fitted commercial kitchen, storage areas and toilets.

Fixtures & Fittings

We have been advised that the majority of fixtures and fitting are owned outright and will be included in the sale, subject to an inventory.

We are advised that the trade fixtures and fittings are substantially free from loan, lease or hire purchase agreement.

External Details

The business benefits from a large car park.

The Opportunity

After over 20 years, our client is now selling to retire. With such a great local clientele following, the business benefits from a premium location and authentic Italian cuisine with very little competition in town.

The sale of Maximos is a great opportunity for an independent operator or expanding regional restaurant brand to invest and takeover this characterful premise.

The leasehold is agreed to be extended upon new operators taking over the premises.

Trading Information

Trading Profit & Loss Accounts will be provided to seriously interested parties after a formal viewing has taken place.

Trading Hours

Monday
Closed

Tuesday to Saturday
12.00pm – 2.00pm
5.00pm – 9.00pm

Sunday
12.00pm – 6.00pm

Tenure

Maximos Italian Restaurant is for sale by way of a leasehold with a rent of £25,000 per annum.

Business Rates

The Rateable Value is £21,000 from 1st April 2023. Confirmation of actual business rates payable should be obtained from the local Authority.

Regulatory

Premises Licence

Energy Performance Certificates

EPC 1

Brochures

Maximos Restaurant, Old Brewery, Stockton Road, Castle Eden, TS27 4SU

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Horden Station2.7 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 6467074-lh. 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 Christie & Co, Pubs & Restaurants. 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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