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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:
Available on request

• 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.