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Lucrative Restaurant/Bistro In Middlesbrough For Sale

Middlesbrough, Teesside, UK
Asking Price:
£55,000
Turnover:
£208,000
Net Profit:
Available on request

Parker Barras are delighted to bring this staff ran restaurant to the market.

The Prickly Pear Bistro is a self proclaimed "Hidden Gem" on the outskirts of Middlesbrough town centre operates seven days a week opening from 12pm - 9pm offering a range of traditional Teesside dishes.

The restaurant which was purchased by its current owner last year has seen heavy investment, including lots of new kitchen equipment, a new seating area, a new £14,000 electric blind to protect the customers from the sun, alongside fully refurbished toilets. (These toilets are communal in the centre)

Located in The TAD Centre in Middlesbrough the property benefits from plenty of on site car-parking and it offer a great service for the other tenants in the centre, there is scope to tap more into the centre and offer deals for its tenants.

The restaurant is held on a lease which is dated until August 2028 on a rent of £2,000 Per Month.

The business is for sale as the owner lives away and has other business ventures to focus on, the restaurant would highly benefit from an owner operator to take it to the next level.

We are advised the restaurant is currently taking £4000 Per week, there is huge scope to increase this.

Property Information

Property:

Leasehold

Lease Terms:

Expiring August 2028

Leasehold Rent:

£24,000 per annum

Location:

A Prime Location With Plenty Of Parking In Middlesbrough

Business Operation

Years established:
4