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High Turnover Restaurant In Newcastle Outskirts For Sale

Newcastle Outskirts, Tyne and Wear, UK
Asking Price:
£120,000 Furniture / Fixtures included
Turnover:
£60,000
Net Profit:
Undisclosed
  • Sales circa £16,000 - £18,000 weekly.
  • Evening trade only.
  • Trading for 20+ years.
  • 130 internal covers plus outside seating.
  • Currently Mediterranean cuisine.
  • Designated car parking.
  • New lease - £60,000 per annum.
  • Leasehold £120,000 plus stock.

Property Information

Property:

Leasehold

Lease Terms:

A new lease is a available at a commencing rent of £80,000 per annum. Full details to be agreed.

Leasehold Rent:

£80,000 per annum

Location:

Located in a sought after suburb.

Premises Details:

Extensive property with 130 covers over two floors.

Size in square feet:
3,500
Energy Performance Rating:
C

Business Operation

Reasons for selling:

Ill health.

Years established:
Over 20 years.