- Same family ownership since 2011.
- Turnover circa £280,000 per annum.
- GP margin 50%.
- Scope to extend the trading hours.
- Currently 34 internal covers.
- 1 bed living accommodation above.
- Asking Price:
- £275,000 Furniture / Fixtures included
- Turnover:
- £280,000
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Freehold
- Living Accommodation:
-
First Floor
Lounge / Kitchen 225 sq.ft. (21 sq.m.)
Bedroom 160 sq.ft. (15 sq.m.)
Bathroom
Separate W.C.
- Location:
-
This business is situated on Sea Road in the heart of Fulwell at the junctions of Rosedale Terrace and Maud Street. Fulwell is a sought-after residential suburb of Sunderland, located to the north of the City centre just inland from the seafront.
Sea Road is an up and coming popular high street and one of the main routes leading towards the promenade. There is ample free parking on the surrounding streets
- Premises Details:
-
This is a thriving licensed hospitality opportunity which has been operated by our clients since 2011. The business has been placed on the market as our clients are reducing their work commitments and now planning for retirement.
The property is in good order throughout and comprises a dining and kitchen space on the ground floor with a separate 1 bed flat on the first floor. The dining space is currently configured for circa 34 covers and there is ample prep and kitchen space to the rear.
The current menu offers breakfast, lunch, afternoon tea, as well as specials board options. The food, ambience and service receive positive social media feedback. Currently the business trades daytime only but new owners could easily extend the hours and incorporate an evening service.
The outside catering element is a significant part of the current business.
This is a rare freehold food & drink opportunity in a pleasant Sunderland suburb with living space above.
- Energy Performance Rating:
- C
Business Operation
- Trading hours:
-
Monday - Sunday 8.30am - 4.00pm
- Employees:
- Currently operated by the owners with the help of 7 members of staff.
