For Sale

Newly Refurbished Restaurant & Bar

Redcar, Cleveland

£95,500 +SAV

Ref: B05225

Contact sales negotiator

Jessica Aspinall

01204556307

Email Jessica Aspinall

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Description

Hilton Smythe are delighted to welcome to the market this very popular restaurant business in Redcar. The Vault Restaurant and bar was established in 2017 and has been in our client’s very careful ownership since. Only now is the business being offered to the market due to our client’s ill health.

This family run restaurant is located in the heart of the Village Square in Marske-By-The-Sea, recently had a refurb with around £60,000 being spent.

Looking over online reviews its easy to see that their regulars love the 'parmo's'.

“It’s Teesside's most loved dish and The Vault take it seriously, serving some of the finest parmos out there. You will realise their parmo passion when you take a closer look at their menu, where you'll always find new creations from a Marietta Meatball to The Gladiator - a parmo not for the faint hearted with ingredients from pepperoni to kebab meat. “

The menu also has other high-quality dishes all cooked to perfection using the freshest locally sourced ingredients from homemade lasagne to 8oz Rump Steak, a range of infused homemade hamburgers such as the Yorkshire Hamburger which is infused with rosemary and thyme all supplied by local family farm Pork on Your Fork

The property is extremely well presented and decorated to a very high standard and the restaurant area boasts approximately 40 covers. The business further benefits from a large commercial grade kitchen.

We feel this is an excellent opportunity for a new owner to take this popular and thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Tenure

Leasehold

We are advised the business is being sold as a Leasehold.
New Lease. Rent: £8400 per annum. No Business Rates



Hours

Monday Closed

Tuesday - Friday 4pm - 10:30pm 

Saturday & Sunday 12pm - 10:30pm


Staff

The business is currently run by a manager with the help of two full time members of staff and 8 part time.


Financial Profile

The Vault Restaurant and bar generated an advised turnover of circa £140,000 with a healthy net profit available on request.

Location

The road on which the business is located connects to the A174 and runs directly into Marske-By-The-Sea. There are several bus stops close by and the closest train station is in Marske-By-The-Sea. This is a great location for the business to be located.

Premises

The restaurant occupies the main ground floor and lower ground floor. The high-end decor includes a bespoke tiled floor and has been fully refurbed.


Equipment-
All fixtures and fittings
Fully equipped bar
Coffee machine
Extractor fan
Fixed cooker
Large gas oven
Contact grill
X2 microwaves
Salad undercounted fridge
X2 stand up freezers
X2 fridge


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