CoGoGo welcomes an established Uyghur and Xinjiang restaurant generating approximately £800,000 annual turnover and £!60,000 net profit, with the added benefit of a late-night premises license until 4:00 am across both floors.
Located in Newcastle city centre, the business has built a strong reputation for authentic cuisine and attracts residents, students, professionals and visitors. Revenue is generated through dine-in, takeaway and online ordering.
The spacious two-floor premises offer significant potential for further growth. The currently underutilised first floor could be developed into a bar, cocktail lounge, nightclub, cafe, private events venue or other hospitality concept, subject to any necessary consents. With the late-night license covering both floors, there is potential to operate complementary daytime and late-night offerings from the same premises.
Established under the current ownership for three years, the business provides an opportunity to acquire an established restaurant with substantial scope for diversification.
Viewings are strictly by appointment only.
Financial Profile
We are advised that the business generates an annual turnover of approximately £800,000, with a reported net profit of approximately £160,000.
Current stock is estimated at approximately £20,000.
