High Street, Loftus, TS13

This is a rare chance to step into a fully operational, recently renovated business that is trading successfully and benefiting from zero business rates — dramatically reducing overheads and maximising profitability from day one.

Micklow Taps is currently trading and generating a turnover of circa £90,000 per annum. The business has built a loyal and growing customer base over the past two years and is well regarded within the local community, benefiting from repeat trade as well as visitors to the wider Saltburn and East Cleveland area.

Importantly, there is significant and demonstrable scope to grow turnover considerably under new ownership. The business currently trades Wednesday to Saturday only, meaning Sunday, Monday and Tuesday represent entirely untapped trading days. A new owner extending hours across a full seven-day week could realistically unlock a substantial uplift in revenue with relatively little additional overhead, given the zero business rates and low rent base.

The premises are equally well suited as a neighbourhood bar, daytime café or evening restaurant — Events venue or any combination thereof — giving a new owner considerable flexibility to shape the business to their vision. There is also genuine scope to expand the trading area and increase capacity, offering further upside for an ambitious operator.

The current owners are reluctantly selling due to personal circumstances and a change in career direction, and are committed to facilitating a smooth handover. The premium for the business is £24,995