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Hot Food Takeaway On Newcastle Upon Tyne For Sale

Newcastle upon Tyne, Tyne and Wear, UK
Asking Price:
£50,000
Turnover:
£312,000
Net Profit:
Available on request

• Thriving business ideal for owner operators.
• Turnover £6,000 weekly with loyal customer base.
• Relatively short trading hours.
• Refurbished premises in busy secondary shopping area.
• Ground floor plus upper floors.
• Fully fitted and equipped premises.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a 12 year lease from November 2016 at a passing rent of £12,000 per annum. There is a 3 yearly rent review pattern. Interested parties should seek legal confirmation of this.

Leasehold Rent:

£12,000 per annum

Location:

The business forms part of a busy secondary shopping area located on Shields Road and within a densely populated residential area to the east of Newcastle. Nearby occupiers include Morrisons, Iceland, Barclays Bank and Greggs The Bakers. In addition to the high levels of captive trade from the nearby houses there is ample pull in parking for any passing trade and to assist the busy delivery offer.

Premises Details:

The business has traded from the site since 2016 and the majority of the fittings were new at that date.

The premises comprise a ground floor waiting and collection area together with the open kitchen. The current cuisine is Chinese and the business has built up a strong reputation since commencing trading with excellent reviews via Facebook and on other sites.

The business is part of the JUST EAT delivery group and this makes up a significant proportion of the turnover. The remainder is generated by the local residents and there is a broad range which includes students, couples and families.

We see the business as an opportunity for either a couple or a partnership to operate where the staff overheads could be reduced and profits increased.

Energy Performance Rating:
E  View EPC Graph for this property

Business Operation

Trading hours:

Monday - Sunday 5.00pm – 10.30pm

Employees:
Owner operated with the help of between 4 and 6 staff depending on rotas
Years established:
6 years

Other Information

Contact North East Commercial

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