Popular Smash Burger Bar / Restaurant, Teesside

  • Leasehold Price: £225,000
  • Annual Net Profit: £100,000
  • Annual Turnover: £700,000
MIDDLESBROUGH, Teesside, England
Seller Ref:193916550
For Sale

Popular Smash Burger Bar / Restaurant, Teesside

MIDDLESBROUGH, Teesside, England
Seller Ref:193916550
  • Leasehold Price: £225,000
  • Annual Net Profit: £100,000
  • Annual Turnover: £700,000

Overview

Seller Ref: 193916550

Description

Parker Barras are delighted to offer a popular smash burger bar restaurant & takeaway in within a busy town centre.

The business achieves substantial sales and profits via a regular customer base and regular passing trade, as well as benefiting from its excellent reputation throughout its hometown and further afield.

Burgerlicious which has traded for 2 years and thrived with a turnover in excess of £700,000 . It boasts a 5 Star Hygiene Rating and a 4.6/5 rating with over 180 great Google reviews. The business is fully staff run and employs 10 staff. This is a great opportunity to purchase an established takeaway with a turnkey operation which is a great base to build upon. As such early viewing is highly recommended. The premises was fully fitted out prior to the launch at an expense of around £120,000 and is well maintained to a high standard. The restaurant seats around 40 customers at full capacity. The current lease is to be assigned to the new owner and has around 8 years remaining at an asking rent of £15,000 plus VAT per annum. A service charges also payable at £2,400 per annum. We believe the business will prove a successful acquisition, especially for a dedicated, enthusiastic purchaser to continue to exploit the full potential and derive maximum profits.

The companies turnover from 01/01/2023 to 25/02/24, so just over 12 months was approximately as follows:

£435,876 – Inside Restaurant sales

£173,912 – Uber Sales (please note uber started from June 2023 onwards – therefore just over 7 months, Uber running for a whole 12 months sales would approximately generate to £300,000)

Online website sales – £75,000

Total Sales – £682,788

The owner is planning to relocate hence the sale.

This business would be ideal for an owner operator which could highly increase profits.

Business For Sale: £225,000 + SAV

Location Details:
242-242a Linthorpe Rd, Middlesbrough TS1 3QP
Is this business relocatable:
No
Is stock included:
Stock at valuation
Website address:
https://parkerbarras.co.uk/businesses/popular-smash-burger-bar-restaurant-teesside

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