Businesses For Sale > Business For Sale in Redcar, Teeside, UNITED KINGDOM - UK (UK)

AC226 - Redcar, Teeside- £ 245,000-“La Villa” Mediterranean Restaurant for sale in Redcar, Teeside, UK

Redcar, Teeside, UNITED KINGDOM - UK (UK)

Business Summary: “La Villa” Mediterranean Restaurant Ref.AC226 Location Redcar, Teeside Asking Price £ 245,000 This is a successfull family run mediterranean restaurant which is situated in Redcar town centre on Teeside. The restaurant was estabkished in 2002 and over the years has earned a fine reputation for its good food, whilst being competitively priced. The menu for the restaurant includes pastas,pizzas, steaks, fresh fish and some turkish dishes which are sourced from local suppliers and freshly cooked to order. The restaurant is fully fitted and decorated to a high standard and boasts a modern commercial fitted kitchen with stainless steel worktops and prep areas. Recently they were awarded a 5 star hygeine award from the local council. There is an attractive bar area and there are circa 45 covers but in a single party can cater up to 60 people. The restaurant is situated on the ground floor and upstairs there is adequate room for converiosn into living accomodation or to use as a rental property as it has a separate entrance, and which could bring in circa £5,000 per annum.
Year Business was Established: 2002
Number of Employees: 2FT/3PT
Potential Growth/Expansion: The town of Redcar is going through a £30 Million re- generation scheme which will commence in 2010. This will bring in extra employment into the area and also improve the general appearance and facilities within the town centre. The location of this restaurant is perfectly positioned to take full advantage of these changes over the coming years There is a good opportunity to utilise the upstairs of the building by creating living accommodation for new owners or to simply use as a rental property.
Competition: N.A.
Owner willing to train: The owner would be happy to help out with a smooth transition of the business and help in anyway possible. He is prepared to help for an agreed period of time.
Reason for selling: The owner would like to return to his homeland of Turkey.
Seller Reference Number: AC226 BusinessMart.com Listing Number: 69302
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