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Butchers And Deli In Newcastle Upon Tyne For Sale

Newcastle upon Tyne, Tyne and Wear
Asking Price:
£20,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Available on request

• Sales circa £3,750 - £4,500 weekly.
• Ideal opportunity for a couple / partnership.
• Busy location within historic trading mall.
• Fully fitted and equipped unit.
• Viewing strongly recommended.
• LEASEHOLD OFFERS OVER £20,000 plus stock at valuation.

Property information

Property:

Leasehold

Lease Terms:

We are verbally informed that a new Newcastle City Council lease will be available at a commencing rental of circa £17,200 per annum. Details of the new lease will be made fully available to bona fide purchasers in due course.

Leasehold Rent:

£17,200 per annum

Location:

This is a long established business which has traded from the market for many years. The business has been placed on the market as the existing owner wishes to reduce his work commitments.

The shop is located in Alley 1 just off Grainger Street in the heart of the City Centre and forms part of the Grainger Market. The Grainger Market was built in 1835 and is the City’s largest traditional market and is situated in an elegant, classically styled building close to The Monument. This undercover market was the largest in Europe when it was first built and is home to over 100 traders, ranging from small independents to large multiples.

The business offers a range of products but the majority of the custom is generated from the sale of raw, cut meats. Over the last 12 months our client has extended the lines sold and cooked meats and a deli offer is available with potential to introduce some “ready to eat” products such as pies and sandwiches. The business has a loyal customer base and access to the arcade has benefitted from the improvements in Eldon Square which can now be accessed through the Grainger Market.

This business can be operated single handed with staff but may trade better as a partnership. Viewing is strongly recommended to appreciate the location and strengths of the existing business.

Premises Details:

Ground Floor: comprising
Retail Sales Area circa 36.2 sq.m. (400 sq.ft.) fully fitted and equipped for the trade including display cabinets, benches and a walk in chiller.
Basement circa 22.7 sq.m. (245 sq.ft.) with staff area and storage area.

Business Operation

Reasons for selling:

The business has been placed on the market as the existing owner wishes to reduce his work commitments.

Trading hours:

Monday – Saturday 8.00am – 4.00pm
Sunday closed

Employees:
Currently operated under management with 1 full time manager plus 2 other staff (1 x 28 hrs and 1 x 16 hrs).

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