Licensed Restaurant Opportunity In South Shields For Sale

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a lease for a term of 15 years from 2022. The current rent is £15,000 per annum and increases £750 per annum until the 5th anniversary when there are break clauses and rent reviews

Leasehold Rent:

£15,000 per annum

Location:

The property forms part of The Nook which is a busy and popular secondary shopping area to the south of South Shields town centre. The business is located in a prominent position at the junction of Prince Edward Road with Centenary Avenue.

Premises Details:

The Old Bank Pizza Co was established by our client approximately 18 months ago and opened in June 2022 following an extensive refit. This former Barclays Bank has undergone a complete refurbishment and all the fixtures, fittings and infrastructure are new.

The business currently trades as a pizzeria but our client is beginning to incorporate some pasta options within the menu. Whilst the majority of trade is generated by sit in diners, there are delivery and collection options and these make up around 25% of the turnover.

The location provides a good mix of customers with shoppers and local workers making up the majority of daytime trade. Residents, couples and party groups make up the evening trade and the main dining area comprises bench seating, tables and chairs plus some bar seating.

This fully fitted restaurant is very much a “turn key” opportunity with nothing for any new owner to attend to and viewing is highly recommended.

Energy Performance Rating:

D  View EPC Graph for this property

Business Operation

Trading hours:

Trading Hours (permitted from 9am - 10pm)

Tuesday - Saturday 11.30am - 9.30pm
Sunday 5.30pm - 9.30pm
Monday closed

Employees:

Was operated by our client with 4 kitchen staff and 3 floor staff.

Years established:

2 years

Other Information