• Turnover circa £225,000 per annum.
• Highly sought after location.
• Ideal opportunity for a couple or partnership.
• Up to 45 internal covers plus outside space.
• Unutilised permission to trade till 10.00pm.
• Scope to develop late evening offer.
• Long lease in place.
- Asking Price:
- £150,000 Furniture / Fixtures included
- Turnover:
- £225,000
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
We are verbally informed that the premises are held on a 15 year lease from 2021. The current rent is £19,200 per annum and there are 3 yearly rent reviews. Full details on application.
- Leasehold Rent:
-
£19,200 per annum
- Location:
-
The business is located on the main street in the heart of this village environment to the east of Newcastle. Tynemouth features regularly as being one of the best Coastal places to live in and visit and this part of the North East enjoys high numbers of tourists. Public transport links are good via the Metro rail system and there is also public parking on Front Street itself.
- Premises Details:
-
This is an established and popular licensed café which has been in the same ownership since 2010 and has been placed on the market as the current owner is winding down their business commitments.
This establishment has built a reputation for fresh food and coffee in a quirky environment. The existing menu is compact and comprises mainly traditional coffee shop fare. With a new approach there is scope to offer early morning breakfasts and possibly burgers, tapas and other seasonal variations. The premises are licensed till 10pm but this permission is not utilised and the business tends to close around 5pm most days.
This late licence offers scope to new owners for private hire and events but again this potential income stream is currently not pushed. This business has scope in certain areas and with such a high number of visitors coming onto Front Street, the food collection and takeaway offer is one element that could be expanded very quickly.
The kitchen was recently relocated from the cellar and that space could now be utilised for other uses such as food prep or even a microbrewery.
This is a rare to the market opportunity and viewing is strongly recommended to appreciate the location and untapped potential of the venue.
Business Operation
- Trading hours:
-
Monday - Sunday 9.00am – 5.00pm
Trading hours can vary subject to the seasons.
- Employees:
- The business is operated by 2 full time and 6 part time staff with assistance from the owner.
