Restaurant and Bar in Tyne and Wear For Sale

Occupying a corner position, excellent main road trading position, residential, office and commercial area, Tyne on Wear.

Turnover £ 10,000
Price £195,000

Features

Bar and Restaurant with Full On Licence

5 STAR HYGIENE RATING
SEATING FOR 190 PEOPLE

DOUBLE FRONTED CORNER PREMISES, laminated strip floor, spot lights. Bar with 7 Taps, EPOS till. Tables and chairs providing seating for 40 People, CCTV system (16 cameras, 1 monitor)

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Kitchen with stainless steel extractor unit, Cooker (Gas 8-burner), grill, Gas Cooker, microwave oven (commercial), fridges, freezers, preparation table, double sink and drainer.

FIRST FLOOR Tables and chairs providing seating for 100 People.

Ladies' & gentlemen's Toilet with w.c. and wash hand basin..

Basement, used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w. with a Gross profit of 65% approx. (30% ONLINE SALES)

Staff

The business is at present operated by the Staff with 3 full time & 5 part time staff.

Trading Hours

7 Day week
MONDAY - SUNDAY 11am - 11pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating used by staff. The accommodation comprises:

5 Bedrooms (4 double, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £34,800 p.a. + VAT

Business Rates from April 2025 £8,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2025, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £195,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 97,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote