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Restaurant/cafe for sale

£19,995

8 Millbank Terrace, Redcar TS10

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Property description

Business
Hilton Smythe welcomes to the market the outstanding Pickle Sandwich Bar in Redcar.

This lovely sandwich bar was refurbished and refitted by our client to a very high standard at the end of last year and opened in January 2017.

The business specialises in making sandwiches, paninis, wraps, jacket spuds and salad boxes fresh to individual tastes with a great choice of fillings.

The menu also includes breakfasts, lunches and specials such as omelettes, quiche, pancakes, omelettes, lasagne.

All food is prepared in-house including cakes made twice a week.

Hot and cold drinks are also served.

The overheads and running costs are low.

The business is exceptionally clean and tidy and has a 5-star food and hygiene rating.

It is believed further growth can be achieved by marketing, advertising, on line sales, longer hours, deliveries, outside catering and Sunday opening.

Unfortunately, our client is reluctantly forced to sell due to personal reasons. As a result, the price has been reduced to facilitate an immediate and urgent sale.

This is a tremendous opportunity for a new owner to buy and develop a lovely newly refurbished business in a great location at a give away price.

Location
The business is ideally situated in on a busy road in the centre of the seaside town of Redcar in Teeside. It is positioned in a very busy commercial and tourist area close to the promenade.

It is also on the pedestrian route for commuters from the nearby train station. Therefore footfall and passing traffic is high.

There is permit parking in the area, with 2 car parks within 100 yards of the business.
Premises
This superb business is run from a well-maintained ground floor terraced shop surrounded by other shops in the very busy shopping and commercial centre of town. Circa 45sqm.

There is inside table seating for 4 and breakfast bar seating for a further 4 customers.

There is also outside seating for 2.

The attractive and bright frontage leads to the lovely customer area with a deli style serve over display unit facing.

The service area behind is spacious and modern.

There is a good quality fully fitted and equipped kitchen to the rear.

There is also stock areas and toilet to the rear.

The sale includes coffee machine, tables, combination microwave oven, kettles, panini grill, display fridge, double oven, fridge and freezer, further fridge, till, stools, chairs, display boards and many miscellaneous items.

The owner values the assets at £10000 approximately.
Tenure
We are advised that the premises are held under a Lease of which 5 years remain at the rent of £375 pcm.
Hours
The business currently opens: -

Monday to Friday 9.00am to 2.30pm

Saturday and Sunday closed
staff
The business is run by our client with the assistance of 1 part-time employee.
Financial profile
We are advised that current turnover is approximately £30,000 pa with a gross profit of up to 65%.

The stock is up to £500.

The premises are exempt from business rates.

What Zoopla users think of Redcar

Overall rating:

  • currently 3.5 stars
Good - 72% (32 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

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Community & safety
  • currently stars
  • 1
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Entertainment & nightlife
  • currently stars
  • 1
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Parks & recreation
  • currently stars
  • 1
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  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
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  • 4
  • 5
Schools & public services
  • currently stars
  • 1
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  • 5
Transport & travel
  • currently stars
  • 1
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  • 5

Nearby transport

  • Redcar Central (0.1 miles)
  • Redcar East (0.9 miles)
  • Redcar British Steel (1.8 miles)
  • Durham Tees Valley Airport (16.3 miles)
  • Newcastle Airport (38.3 miles)
  • Leeds Bradford International Airport (57.2 miles)
  • Transporter Bridge North Side (6.7 miles)
  • Transporter Bridge South Side (6.8 miles)
  • Newcastle International Ferry Terminal (30.0 miles)

Nearby schools

View all schools in Redcar and Cleveland
  • Zetland Primary School (0.4 miles)
  • Coatham Church of England Voluntary Controlled Primary School (0.6 miles)
  • St Benedict's Primary Catholic Voluntary Academy (0.6 miles)
  • Redcar & Cleveland College (0.3 miles)
  • Prior Pursglove and Stockton Sixth Form College (5.6 miles)
  • River Tees High Academy (6.6 miles)
  • Sacred Heart Secondary Catholic Voluntary Academy (0.6 miles)
  • Redcar Academy - A Community School for the Performing and Visual Arts (1.0 mile)
  • Rye Hills Academy (1.1 miles)
Note: Distances are straight line measurements

Local info for Redcar and Cleveland

About the neighbours in TS10

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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