Property photos
Business
£225,000
(£225,000.00/sq. ft)
Restaurant for sale
Linthorpe Road, Middlesbrough TS11 sq. ft
Local area information
Property location
Nearby amenities
- Ayresome Primary School 0.3 miles
- Newport Primary School 0.4 miles
- Middlesbrough 0.7 miles
- Transporter Bridge South Side 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Middlesbrough to find out more about the local area.
Features and description
Business For Sale - Popular Smash Burger Bar / Restaurant, Teesside
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
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
More information
Listed by
Parker Barras
View agent properties![Logo of Parker Barras](https://st.zoocdn.com/zoopla_static_agent_logo_(725593).png)
Property descriptions and related information displayed on this page are marketing materials provided by - Parker Barras. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Parker Barras for full details and further information.