£125,000
(£225,000.00/sq. ft)
Restaurant for saleMiddlesbrough TS1
1 sq. ft
Business
About this property
Parker Barras are delighted to offer a popular smash burger bar restaurant & takeaway in within a busy town centre.
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: £125,000 + sav
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: £125,000 + sav
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