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Sandwich / Hot Food Opportunity In Newcastle Upon Tyne For Sale

Newcastle-upon-Tyne, Tyne and Wear, UK
Asking Price:
£60,000 Furniture / Fixtures included
Turnover:
£400,000
Net Profit:
Available on request

• High turnover business with varied income streams.

• Prominent location within busy secondary parade.

• Retail sales plus delivery rounds.

• Extensive premises with 2x prep areas.

• Scope to add wholesale and catering elements.

• Genuine reason for reluctant sale.

• Leasehold offers over £60,000 plus vans.

Property Information

Property:

Leasehold

Lease Terms:

The premises are held on a 5 year lease from 2021 with a break clause at the 2nd anniversary. The rent is £200 per week and there are annual rent reviews. Full lease details are available on application.

Leasehold Rent:

£10,400 per annum

Location:

The business premises are located within a busy secondary shopping parade in the heart of Longbenton, on a corner site at the junction of Benton Road with Whitley Road. There are high levels of potential passing trade, supported by the free on street parking, and immediate area comprises a mixture of offices, commercial and residential accommodation all of which provide good levels of captive trade.

Business

This business opportunity currently comprises a broad food offer which includes retail, collection and delivery. The menu is extensive and during the day the concentrates on traditional hot and cold sandwiches with a selection of daily specials. This is popular with the lunchtime customers who are predominantly office workers from the nearby HMRC offices at Benton View. There are approximately 20 internal covers for customers who wany to sit in.

In addition to the walk-in lunchtime trade there are a couple of delivery vans that run daily predetermined rounds visiting local retail parks, industrial estates and out of town office blocks.

From around 2pm onwards the menu diversifies to include burgers, hot dogs, kebabs and “movie foods”, similar to a hot food takeaway. The business is listed on both Just Eat, Uber Eats and Deliveroo and the rear preparation area is fully compliant with a new extraction system installed at the start 2022. At the moment approximately 80% of the sales are generated from the delivery service. The rear space has ample capacity to cope with additional production and this could be in the form of more wholesale production, deliveries or a buffet/corporate offer.

This is a rare hot food opportunity within this suburb and enthusiastic new owners could drive this business forward.

Premises Details:

Comprises a retail shop with a large kitchen and prep area to the rear. The premises from part a larger terrace of shops and offices with on street parking to the front.

Ground Floor
Retail / Dining Area 470 sq.ft. (43.5 sq.m.)
Kitchen 325 sq.ft. (30 sq.m.)
Prep Area 485 sq.ft. (45 sq.m.)
Toilets

Energy Performance Rating:
E

Business Operation

Trading hours:

Monday - Thursday 7.00am - 9.00pm
Friday - Saturday 7.00am - 10.00pm
Sunday 7.00am - 3.00pm

Employees:
The business is managed by our client with the help of 6 members of staff.

Contact North East Commercial

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