Fully Fitted Vegan Restaurant In Newcastle Upon Tyne For Sale

Newcastle upon Tyne, Tyne and Wear, UK

Asking Price:: £70,000 Furniture / Fixtures included

Turnover:: £156,000

Net Profit:: Available on request

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• Sales currently £3,000 weekly.
• 4 day trading with scope to extend.
• Unique vegan restaurant food offer.
• Highly visible position.
• 30 internal covers plus external seating.
• Licensed till 10.30pm.

Property Information

Property:: Leasehold

Lease Terms:: The premises are held on lease for a term of 6 years at a current rent of £15,000 per annum. Full details on application and the ingoing tenant will be required to contribute to the landlord’s reasonable costs in the assignment of the new lease.

Leasehold Rent:: £15,000 per annum

Location:

This business opportunity fronts onto one of the busiest roads leading into the City centre. Located within walking distance of the main shopping areas, railway station and office district, the restaurant enjoys an excellent central position.

The development of the Science City project, together with the completion of the Lumen and Helix office developments means that there is now increased footfall in and around this part of the City.

Premises Details:

This site was acquired by our client in 2018 and then refurbished to a high standard before opening in 2019 as a bespoke vegan restaurant.

The business currently operates as Vegano (the trading name is NOT included in sale) and all the products on the menu are hand made on site using quality ingredients. The restaurant is fully fitted and equipped with the fixtures all being new at the point of opening.

The premises are configured to provide a service and seating area to the front with a range of internal seating for approximately 30 covers and there are 14 external covers for the pavement licence when the weather permits.

The business model is extremely popular and Vegano has excellent feedback with a loyal following from both within the North East and beyond. The seller will offer a handover period and the recipes and supplier’s information will be transferred as part of the sale.

With the current short operating hours there is scope for new owners to drive this business forward by open longer hours than before and developing the menu.