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Sandwich Bar In Gateshead For Sale

GATESHEAD, Tyne and Wear, UK
Asking Price:
£65,000
Turnover:
£208,000
Net Profit:
Available on request

• Sales circa £4,000+ weekly with strong margins.
• 5 day trading week with weekend potential.
• Ideal opportunity for a couple or partnership.
• Forms part of a busy shopping parade.
• Prime retail, office and industrial estate location.
• Scope to introduce other services.
• LEASEHOLD £65,000 plus stock at valuation.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a 10 year lease from August 2019 with a break clause at the 5th anniversary. The current rent is £7,500 including service charges and a copy of the lease will be available on request.

Leasehold Rent:

£7,500 per annum

Location:

The premises are located within the original shopping parade built to serve the popular Team Valley Trading Estate. This Estate is the North East’s premier commercial location covering 285Ha (704 acres) and providing in excess of 650,000 sq.m. of office, retail and industrial space.

The shopping centre is located on Kingsway which is the main road through the Estate and the shops have their own designated car park.

Premises Details:

This is a long established and very reputable sandwich business which has changed hands only once in the past 28 years. The business has been placed on the market as our clients wish to retire.

The premises are relatively compact and are currently configured to provide a waiting and service space plus a prep area to the rear. The current menu comprises a range of hot and cold drinks and quality sandwiches, together with salads and Paninis. Our client also offers a range of “ready” meals such as shepherd’s pie, mince and dumplings, chilli and curry which are are particularly popular during the winter months. A recent successful addition to the menu is a selection of award winning, locally produced Pitman Pies. There is scope to develop the menu further and to extend the weekday trading hours, in particular, by opening on a Saturday where there is a genuine demand.

New owners could look at offering other services, such as outside catering or delivery rounds, and the business is a rare to the market opportunity with high profit margins and potential to grow in the right hands.

Size in square feet:
370
Energy Performance Rating:
C  View EPC Graph for this property

Business Operation

Trading hours:

Monday - Friday 6.00am – 3.00pm
Saturday & Sunday closed

Employees:
Operated by our clients (2) with the help of 4 staff.
Years established:
28 years

Other Information

Contact North East Commercial

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