A popular North East bar and restaurant has announced its closing its doors in 2023 after revealing that they have put the much-loved business on the market.

The owners of Lost Property on Yarm High Street has announced its decision to sell up after enjoying five years of running the venue that has become a ‘hidden gem’ in Teesside.

Known for its food and drinks, especially Yorkshire Beef, locally sourced seafood, craft ales and cocktails and its quirky atmosphere, Lost Property opened its doors in March 2017.

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It has soon forged its way as a firm favourite in Yarm and has got spectacular reviews, both on social media and TripAdvisor.  

The owners of the business announced that Lost Property would be closing on January 1, 2023, through a social media post on Monday (November 21) night, which thanked customers and revealed their plans for the future.

However, for fans of the venue, it’s not all bad news after the owners highlighted that the business could be taken over as it is now – and the only thing that will be changing is the owners.

Taking to social media, the pub and restaurant’s owner said: “Sorry for the dramatic tagline, but I have made the decision to end my ownership of Lost Property after our New Years Eve service this year.

“I have listed the business for sale with Christie and Co and we’ve had quite a lot of interest; with many of the interested parties looking to keep the business running as it is.

“So potentially it will not close, but come what may, my last day as the owner will be on December 31.

“I’m not going to start blaming the economic climate or Covid-19.

“The truth is quite a lot more positive; for the last four years I’ve been building my commercial finance brokerage and construction company with next year seeing the launch of a regulated finance brokerage and accountancy firm.

“As a result, I am unable to invest the time that Lost Property, the team, and our customers need.

The post went on to add “I have so many thank you’s to send, including team members, suppliers, and professional services but most importantly I want to thank our loyal customers.

“You have been amazing - you have taken Lost Property into your hearts and really bought in to what we have tried to create. 

“In 2017 when I started to consider launching Lost Property, I wanted to create something different.

“I wanted to create an interactive dining experience that everyone could buy into; a place where our guests felt welcomed and appreciated and no matter where they came from or what they had, they were always made to feel special.

“I think we did that and I’m proud to say that I own Lost Property. I’ve had plenty of restaurants in the past and to be honest most of them failed - but I can leave this industry with my head held high and I can say that LP was a more successful that I could ever have hoped.

“That’s pretty much all there is to say… a big thank you to you all and I hope that my future endeavours will bring more prosperity to my hometown.”

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