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Restaurant Low Fell In Gateshead For Sale

Gateshead, Tyne and Wear
Asking Price:
£23,900
Turnover:
£200K - £500K
Net Profit:
Available on request

• Sales circa £3,500 weekly.
• Excellent profit margins.
• Superb local reputation.
• Recently refurbished premises.
• Circa 50 cover dining area.
• Would suit family operator.
• Low overheads.
• Viewing recommended.
• L/HOLD £23,900 for a quick sale
• Ref: NE1196

Property Information

Property:

Leasehold

Lease Terms:

We are verbally informed that the premises are held by way of a 10 year FRI lease from 2015. The current rent is £12,000 per annum with a rent review at the 5th anniversary. Interested parties should seek legal confirmation of this.

Leasehold Rent:

£12,000 per annum

Location:

Location

The premises are located on the main road running through the popular suburb of Low Fell. This is a sought after residential area with a pleasant mix of residential accommodation together with a busy secondary shopping area. Tenants include a range of small independent shops plus multiples such as Boots the Chemist, Costa Coffee and Saver

Premises Details:

This is a very long established restaurant site but the current business was established by our client in 2015 and has built up a good local reputation with high levels of repeat custom. The menu is of traditional Mediterranean fare and offers a range of pizza, pasta and meat dishes for a variety of budgets.

Energy Performance Rating:
C  View EPC Graph for this property

Business Operation

Employees:
The business can be sold free of staff.

Contact Information

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