Summary - LANDMARK, STOWELL STREET NE1 4YB
1 bed 1 bath Restaurant
**Standout Features:**
- Established restaurant with an excellent reputation, turnover of £968,652, and EBITDA of approximately £230,000 (year ended 31.08.23).
- Prime location in the bustling Stowell Street, Newcastle's China Town, with proximity to St. James Park and major commercial areas.
- Spacious dining area accommodating around 150 guests, featuring cozy booths and contemporary decor.
- Additional amenities include a commercial-grade catering kitchen, beer cellar, and designated parking spaces within lease.
- High Google and TripAdvisor ratings (4.5* and 4* respectively) indicate strong customer satisfaction.
**Summary:**
Step into an exceptional opportunity with this well-established restaurant, Landmark Oriental, situated in the heart of Newcastle’s vibrant China Town on Stowell Street. With significant foot traffic from the nearby St. James Park and a loyal clientele, this business boasts impressive financial performance, showing consistent profits since 2005. The stylish interior includes intimate dining booths and spacious banqueting options, perfect for both casual and corporate gatherings.
Although the restaurant is currently owner-operated, there is ample potential for an ambitious buyer to scale operations and increase profitability. The lease, which has 8 years remaining, may pose mortgage challenges for buyers, but the property’s prime location and solid revenue history provide a compelling case for investment. Don’t miss the chance to own a piece of Newcastle’s culinary landscape – opportunities like this are rare and highly sought after.
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