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Sandwich Shop In Newcastle Upon Tyne For Sale

Newcastle-upon-Tyne, Tyne and Wear, UK
Asking Price:
£38,500 Furniture / Fixtures included
Turnover:
£104,000
Net Profit:
Not applicable

• Sales circa £1,800 - £2,000 weekly.
• Currently operating on short hours.
• 5 day trading week with weekend potential.
• Ideal opportunity for a couple or partnership.
• Prime location close to office and student blocks.
• Scope to introduce other services.

Property Information

Property:

Leasehold

Lease Terms:

We are verbally informed that the premises are held on a renewable lease at a current rent of £856 per month including VAT. A copy of the lease will be available on request.

Leasehold Rent:

£10,272 per annum

Location:

The premises are located within the railway arches that separate Central Station from Forth Street and Arch 9 is not far from the one way street for taxis to access the Station. There is on-street parking.

The business forms part of a busy terrace which is home to a range of food and drink outlets, including a couple of micro pubs, together with some offices and retail outlets. Northumbria Police Head Quarters, UTC College and The Crown Plaza Hotel are all located on Forth Street and a new extension to the nearby Roomz Apart Hotel is now complete. The business is within easy walking distance of the City centre and main office district.

Premises Details:

This is a long established and very reputable sandwich business which has been in our clients’ owner ship for the past 9 years. The business has been placed on the market as our client wishes to concentrate on other commitments.

The premises are relatively compact and are currently configured to provide a waiting, service and prep area within one open space. The current menu offers a broad range of hot and cold drinks, high quality sandwiches, together with salad boxes and Paninis. There is scope to develop the menu further and also to extend the weekday trading hours but, in particular, by opening on a Saturday where there is a genuine demand.

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

Size in square feet:
390
Energy Performance Rating:
D  View EPC Graph for this property

Business Operation

Trading hours:

Monday – Friday 8.00am – 3.00pm
Saturday & Sunday closed

Employees:
Operated by our client with the help of 1 part timer.

Other Information

Contact North East Commercial

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