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Cafe In Newcastle Upon Tyne For Sale

Newcastle upon Tyne, Tyne and Wear, UK
Asking Price:
£37,950 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Available on request

• Sales £2,000 - £2,500 weekly.
• Busy parade location.
• Recently refurbished premises.
• Potential to extend trading hours.
• Ideal for couple or partnership.
• Rare to market opportunity.
• Leasehold £37,950 including stock

Property Information

Property:

Leasehold

Lease Terms:

We are verbally informed that the premises are held on a 6 year lease from 2020. The current rent is £7,500 per annum (£625 per month) and 3 yearly reviews. Please note that a rent bond may be required by the landlord.

Leasehold Rent:

£7,500 per annum

Location:

This business is located within a shopping parade in an extremely busy residential area. There is a designated car park and numerous other occupiers including a supermarket, pharmacy and a dog groomer.

Premises Details:

The unit is a fully fitted and equipped takeaway unit with the kitchen equipment being brand new less than 6 months ago. The business has a menu comprising predominantly pizza and kebabs but a small selection of burgers and pasta dishes are also available.

The business is in an ideal location for access and the majority of the sales are from collections, as per the planning consent, rather than deliveries. If the trading hours were extended by a new owner, and the business opened earlier, then it would be likely that turnover would grow from more orders to collect.

Premises:

Comprises a ground floor lock up unit;
Ground Floor:
Waiting/Service Area circa 42 sq.m. (450 sq.ft.)
Kitchen 15 sq.m. (160 sq.ft.)
W.C.

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Seller is moving away from the region.

Trading hours:

Monday - Saturday 5.00pm – 10.00pm.
(Permitted Hours 8.00am – 10.00pm).

Employees:
Owner operated.
Years established:
1 year.

Contact North East Commercial

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