Tyne And Wear Busy Restaurant For Sale

Business description

This is a long established restaurant which has been run by the current proprietor for 22 years and has been placed on the market due to impending retirement.

The restaurant currently trades with an Italian theme though could easily offer different styles of cuisine without major alterations to the property.

Currently offering 50 covers, there is potential (subject to appropriate permission) to create a further 50 covers as it understood that two disused rooms on the first floor were previously used as restaurant premises.

This is a great opportunity to purchase a very busy restaurant generating profits in excess of £100,000 in a city centre location with an added advantage of buying the freehold property.

If this business is of interest to you, please request full Sales Particulars or alternatively contact Gordon Mair by clicking on the contact seller button below.

Property information

Property:

Freehold

Location:

North-east England, situated in the district of Tyne & Wear.

Premises details:

A mid-terraced property, the main entrance from the front leads into the Restaurant via an entrance vestibule. This is split into two levels and is designed and decorated in traditional style giving a great atmosphere. Whilst catering for up to 50 covers the restaurant also gives the feeling of intimacy.

To one end is a bar servery with the usual equipment behind.

On the first floor level are two large rooms which are believed to have been previously used as dining areas and as previously mentioned offers great potential for new owners to almost double the size of capacity (subject to appropriate planning permission). There is a electric lift between the 2 floors to assist with food serving. The attic level also offers a further area of storage.

On the ground floor level is a well equipped commercial kitchen. Equipment includes a 12 ring gas burner, pizza oven, triple fryers etc. There are also well appointed ladies and gents toilets servicing the public areas situated on the first floor level.

Business Operation

Expansion potential:

On the first floor level are two large rooms which are believed to have been previously used as dining areas and as previously mentioned offers great potential for new owners to almost double the size of capacity (subject to appropriate planning permission).

Reasons for selling:

Retirement.

Trading hours:

The restaurant is open for lunches Monday to Saturday and from 5pm to 9.00pm (last orders). The restaurant is currently closed all day Sunday.

Employees:

The business is run by the proprietors along with four full-time staff and around 10 part-time staff.

Years established:

22 years