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South American Inspired Restaurant And Dessert Bar In Newcastle Under Lyme For Sale

Newcastle Under Lyme, Staffordshire, UK
Asking Price:
£140,000
Turnover:
Available on request
Net Profit:
Available on request

Summary:

• Rental Property
• Huge Potential
• Prime Location
• Heavy Footfall Area
• Unique Opportunity
• Residential Area
• Highly Rated
• Established Business
• Proof of Funds Required

Business Description:

Silk Letting Ltd are delighted to present to the market a restaurant and dessert bar in Newcastle-under-Lyme. This family run business has been established for 6 years offering a unique menu including dishes from Mexico, Portugal and Italy.

The dining area is located over one floor and can accommodate 80 covers, with an additional outdoor terraced area that can accommodate between 30 – 50 covers.

During their time of running the business the current owner has built up an excellent rapport with the locals and has created a widely renowned friendly restaurant offering a great service and ambiance that has gained them many 5 * reviews across multiple platforms.

The restaurant is located in a very affluent area with no direct competition. The business has pre established delivery agreements with Uber Eats and Just Eats as well as its own fully functional website.

Location and Amenities:

The business is ideally located on a busy main road in Newcastle-under-Lyme, it is in a prime location with a high footfall of passing trade and walk-ins, surrounded by local amenities and other businesses.

Close to the A34 and A527 with good transport links and a car park at the rear of the premises making the business easily assessable for both the owner and customers.

Growth Potential:

This is a perfect opportunity for any new owner looking to purchase a well-established business with the potential for further growth.

This already successful business could increase revenue by opening earlier to include a breakfast and brunch menu. Offers and discounts throughout the week at quieter times to increase business and net profit.

Extend online platforms to include Deliveroo.

Increase social media following by running incentives/competitions for customers on Facebook and Instagram accounts to boost social media following and encourage more customers to order online or visit the shop.

Financial Profile:

Tenure: Lease – Rents property only – 10 years remaining on the lease

Turnover is available upon request.

Property:

This well presented restaurant is located over one floor and consists of a dining area that accommodates 80 covers, dessert counter, kitchen and cold room. The business also benefits from an outdoor terrace area that can accommodate an additional 30 – 50 covers.

Security:

The property is fully secured with an alarm system throughout and CCTV cameras covering both the inside and outside of the premises.

Fixtures and Fittings:

All stock, fixtures and fittings are included in the asking price making it fully equipped and ready for any new owner to take over and continue running.

A full list of assets is available upon request.

Staff:

The business currently employs 10 staff members, who are happy to continue employment under new ownership.

This is a turnkey opportunity for any new owner looking to purchase an already existing business with the opportunity to increase revenue by extending the opening hours.

The business is currently open:

Monday – Sunday – 1 pm – 10 pm

Reason for Sale:

The owner is selling the business due to other business commitments. This creates the perfect opportunity for any new owner to take over an already well-established and profitable business.

Would you love to be running an already successful business and call it your own?

This is a business to get excited about and it is a rare opportunity in the market. We anticipate great interest in this amazing listing, and we don’t anticipate this business to be on the market for long.

This is a huge and unique business opportunity to become your own boss and carry out your passion daily.

A viewing of this business is highly recommended to appreciate its true value and the potential it has for any owner.


Viewing strictly by appointment!

Property Information

Property:

Leasehold

Contact Silk Letting

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