Situated in the desirable town of Stockton-on-Tees
Ideal for a first time buyer or a partnership
Early viewing essential to fully appreciate
High amount of regular and repeat trade
Scope to further develop the business
Advised annual turnover of £300,000
Genuine reason for sale
Walk in condition
Meridian Business Sales are delighted to offer to the market this superb Italian restaurant which was established by our client in 2008. Our clients are reluctantly offering the business to the market due to their desire to take a well deserved retirement.
Since the business was established our clients have continually developed and improved the business introducing new lines and income streams which have enhanced the business massively.
Our clients inform us that annual turnover currently runs at £300,000 which is derived from offering classic Italian dishes and a high quality customer service.
The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade alongside good word of mouth recommendations.
The business is very well presented throughout and is being sold with all fixtures and fittings included in the sale price which is a huge plus for a new owner as additional funds will not need to be spent on modernising for many years.
Our clients have invested time and money into the business and premises to the point where it is in full walk in condition.
The business has been run at a pace to suit our clients lifestyle meaning that there is scope for a future purchaser to further develop the business by introducing longer opening hours.
This is an excellent opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this brilliant business is not to be missed.
Tuesday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Wednesday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Thursday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Friday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Saturday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Sunday: 12:00pm - 2:30pm // 5:00pm - 10:00pm
Well signed property briefly comprising: GROUND FLOOR Secure entrance leading to: Open plan dining area Bar Kitchen/ prep area Male, female and disabled toilets
This fantastic Italian restaurant is situated in a prominent position in the market town of Stockton-on-Tees, County Durham. The business is surrounded by complimentary businesses, leisure facilities, visitor attractions and much more which are all beneficial for the business. Stockton is located on the north bank of the River Tees. The town has many suburbs with individual identities including Fairfield, Grangefield, Elm Tree Farm and many more. Stockton-on-Tees is easily reached via the A66, the A19 and the A174 making commuting easy for anyone who wishes to visit.
Leasehold Term: We are advised Leasehold Rent: £2,100pm
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