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Licensed Restaurant Opportunity

Hartlepool Offers over £50,000 Leasehold (fees apply) REF: NE1574

Location:

The opportunity comprises a spacious restaurant opportunity located on the modern Marina development in Hartlepool.  The Marina is a busy area comprising coffee shops, bars and restaurants together with large office premises nearby and residential flats above .

Business:

The business was established by our client from vacant premises in 2019 and at this point the unit was refurbished and refitted.  The premises are set out to provide a large dining room at the front with a service and kitchen area towards the rear.  The current menu follows an American theme with burgers, steaks and some fish dishes but new owners could adopt the cuisine to suit their style.

Due to personal circumstances the restaurant opens on relatively short hours and our client is of the view that there is scope for a breakfast offer due to the number of offices on the development.

Premises:                                                                  

The premises comprise the ground floor of a 4 storey terraced property.  Accommodation;

Ground Floor:  Total 124.9 sq.m.  (1,344 sq.ft.)

Entrance Lobby / Waiting Area

Restaurant circa 96.4 sq.m. (1,037 sq.ft.) providing 35 covers.

Kitchen           18.31 sq.m. (197 sq.ft.)          

Stores total circa 10.2 sq.m. (110 sq.ft.)        

Gents Toilet

Ladies Toilet

Staff:

The business is run by our client’s partner with the help of 1 chef, 1 bar manager and waitresses.

Trading Hours:

Wed - Sun       8.30am - 2.30pm  5pm - 10pm

Mon - Tues                              closed

Fixtures & Fittings

A full inventory will be made available to any bona fide parties.

Rates

The premises are assessed as follows:

Rateable Value:    £14,000

Rates free incentives may be available but subject to individual status. Interested parties will need to make their own enquiries with the Local Authority.

Tenure

We are verbally informed that the premises are available on a 10 year lease from 2019 at a current rent of £6,700 per annum.

EPC

Rating - C

Money Laundering Regulations:

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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