Sunderland restaurant up for sale

Fri, 07 Feb 2020 | BUSINESS SALE



The owners of Sunderland-based restaurant D’Acqua have issued a statement to say that they are putting the restaurant up for sale through specialist estate agent Christie & Co.

D’Acqua has traded from John Street in the Sunniside area of Sunderland’s city centre for the past 11 years, building up a strong customer base over this time. The restaurant specialises in a range of Italian, French and English cuisine.

In a statement released on the restaurant’s social media pages, owners Jimmy and Hannah Shadforth said that they are “testing the waters” by putting the restaurant up for sale, but said that it would continue trading as normal until any sale is made.

In the statement, the Shadforths said the business is performing well and would be sold as a going concern and that they are hoping to find future owners who would be suitable for continuing D’Acqua’s success.

“We aren't in a hurry to sell and by no means are we failing or anything like that. We just feel the time is right to start planning for our future. We will continue to put 110% into what we offer at D'Acqua.”

“Ourselves and the team will never want to change that. The staff whom have been informed of this decision can be rest assured their jobs are secure. We want to hopefully find suitable new owners to take over and keep D'Acqua being the success it is.”

Estate agents Christie & Co. describe the restaurant as part of Sunderland’s established food and drink circuit and that the building is well-maintained and decorated to a high standard.

In the restaurant’s most recent results, to the year ending June 30th 2019, D’Acqua had turnover of £460,061 and adjusted net profits of £76,599.


Share this article



Latest Businesses for Sale

Traditional Bakers & Confectioners
South East, UK

Traditional Bakers & Confectioners - Two Retail Outlets + Wholesale Business. This is a well established family business that has been successfully trading since 1984 as a retail and wholesale bakery with two well located high street branches selling...

Asking Price: £100,000
Turnover: £1,100,000

LEASEHOLD


Mediterranean Restaurant & Pizzeria
Gloucestershire, South West, UK

This business has operated as a Mediterranean style restaurant on this very prominent, high street location for 15 years and was purchased by the vendor with the intention of creating a vibrant, addition to this busy market town in the heart of Glouc...

Asking Price: £270,000
Turnover: £340,000

LEASEHOLD


Italian Restaurant/Pizzeria
London, UK

A restaurant has operated on this very prominent, high street corner location for many years and was purchased late in 2016 by the vendor with the intention of adding a retail business to it commercial business. The vendor then invested circa £70,000...

Asking Price: £200,000
Turnover: £550,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
28
 
Feb
 

Styles & Wood facing administration | ADMINISTRATION

Manchester-based fit-out and refurbishment firm Styles & Woo...

 
27
 
Feb
 

Online furniture retailer rescued from administration | BUSINESS SALE

Houseology has been bought from administration by rival furn...

 
26
 
Feb
 

Engineering giant looks to sell oil and gas division | DIVISION SALE

Scottish engineering giant Weir Group is looking to sell its...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
12
 
Feb
 

Victorian hotel set in Devon estate up for sale | COMMERCIAL PROPERTY

The Highbullen Hotel Golf and Country Club, which is set on ...

 
06
 
Sep
 

Care home in Hampshire changes hands to new owners | BUSINESS SALE

Business property adviser Christie & Co. have supported the ...

 
25
 
Apr
 

North East dry cleaning business put up on the market | BUSINESS SALE

Four dry cleaning businesses operating under one name in the...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources