Licensed Bar And Restaurant In Whitley Bay For Sale

Whitley Bay, Tyne and Wear, UK

Asking Price:: £100,000 Furniture / Fixtures included

Turnover:: £520,000

Net Profit:: Available on request

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• Sales up to £10,000 weekly.
• 80+ covers including a private dining area.
• Currently Italian cuisine.
• Located within expanding leisure district.
• Recently refurbished and refitted.
• Ideal opportunity for an owner operator.

Property Information

Property:: Leasehold

Lease Terms:: The premises are offered on a new FRI lease for a term to be agreed at £25,000 per annum. Full details are available on application.

Leasehold Rent:: £25,000 per annum

Location:

This thriving business is situated in the centre of South Parade which is the main route running from the town centre down towards the seafront.

Whitley Bay is enjoying significant investment with a number of commercial and residential developments currently under construction within the town. The Premier Inn brand has now arrived in the town and there has also been the redevelopment of the road and footpaths along The Promenade nearby.

Premises Details:

The site previously operated as The Parade gastropub before being refurbished and reopened as The Glass House in 2023. The premises were reconfigured to provide split level dining spaces, a new bar and toilets plus a private dining area to the rear.

The current menu is predominantly Italian cuisine but there are burgers and steak options plus some more traditional dishes on the menu. The restaurant offers a Sunday lunch service and this has proved to be very popular, bringing in custom from quite far afield.

This venue has the benefit of being part of the “circuit” and Whitley Bay is becoming a more popular destination for a night out, particularly as there are increased hotel accommodation options now available.

Viewing is recommended to fully appreciate the size, location and the fit and finish of this space.