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Wholesale And Retail Sandwich Business In Newcastle For Sale

Newcastle upon Tyne, Tyne and Wear, UK
Asking Price:
£39,999 Furniture / Fixtures included
Turnover:
£100,000
Net Profit:
Available on request

• Sales circa £2,000 weekly with strong margins.
• Reputable business trading since 1992.
• 70% wholesale and 30% retail trade.
• 5 days trading week with short hours.
• Ideal opportunity for a couple or partnership.
• Thriving location close to City centre.
• Scope to extend hours and menu.
• Leasehold - OIRO £39,999 plus stock at valuation.

Property Information

Property:

Leasehold

Lease Terms:

We are verbally informed that the premises are held on a local authority lease at a current rent of £3,200 per annum plus service charge of circa £650 per annum. Further details on application.

Leasehold Rent:

£3,200 per annum

Location:

The premises are located within a busy and established local authority owned industrial estate in the centre of Ouseburn. This a thriving suburb of Newcastle found approximately a mile east of the City Centre and Tyne Bridge with excellent road and bus links. The immediate area is a mix of commercial, industrial, residential and hospitality accommodation and there are also new residential apartments being built nearby.

Premises Details:

Business

This is a long established and reputable sandwich business which was set up by our clients from this location in 1992. The business has been placed on the market as our clients wish to retire.

The business model comprises a balance of wholesale and retail trade with 70% of the sale being generated by the wholesale element. The wholesale customers are serviced 3 days a week and include local convenience stores plus some vending machine units at Heaton Depot. The premises are relatively spacious and are currently configured to provide a small waiting and service area with a large prep space behind.

The unit is fully fitted and equipped and there is a walk-in chiller. The current menu offers a broad range of hot and cold drinks and sandwiches, together with salad boxes, pies and paninis. There is scope to develop the food offer further and to extend the weekday trading hours by opening on a Saturday and Sunday, where there is a genuine demand and takings could improve dramatically.

New owners could offer other services, such as outside catering or more dedicated daily delivery rounds but, overall, this is a rare to the market opportunity with high profit margins and potential for growth in the right hands.

Premises

Comprise a self-contained single storey industrial lock up unit forming part of a larger estate.
Ground Floor
Industrial Unit circa 800 sq.ft. (74 sq.m.).
W.C.

Energy Performance Rating:
E

Business Operation

Reasons for selling:

Retirement sale.

Trading hours:

Monday – Friday 6.00am – 2.00pm
Saturday & Sunday closed

Employees:
Owner operated.
Years established:
Almost 30 years.

Other Information

Relocatable:
This business can be relocated.

Contact North East Commercial

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