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Cafe Opportunity

Heaton £32,500 Leasehold (fees apply) REF: NE1524

Business:

This business is located in the centre of this popular suburb to the east of Newcastle City centre and in an area of mixed retail, commercial and residential properties. This is an area popular with young professionals, young families and students. Nearby occupiers include Sainsbury’s Local and a selection of good quality independent traders.

The business has been trading for 4 years and has been placed on the market as the partners are looking to concentrate their other City centre venture.  Currently trading as an up market brunch bar and cafe, the menu comprises a broad range of hot and cold drinks, snacks and sandwiches together with a selection of light meals.  The menu could be developed to include more substantial foods and there is a separate kitchen facility with an extraction system.

The premises are attractively laid out to provide a service area plus a mixture of fixed bench seating together with tables and chairs.  There are up to 35 covers and the fit and finish is to a good standard.  The business attracts a broad range of customers which include students, local workers and young mothers.

The business currently trades on restricted hours due to the owners’ personal circumstances but can trade 7 days a week up to 9pm.  When open for 7 day trading sales were in excess of £4,000 weekly.

Viewing is recommended to appreciate this rare opportunity and the unutilised potential of the business.

Premises:

Comprising of a ground floor lock up unit.

Dining/Service Area circa 444 sq.ft. (41.3 sq.m) nice  décor throughout with booth/bench seating, tables and chairs for 35 covers, serve over counters, drinks chillers, microwaves, coffee machine and grinder plus other associated equipment.

Kitchen circa 140 sq.ft. (13 sq.m) with griddle, induction oven, extractions system, grill, dishwasher, double sink, chilled counter

Separate Ladies/Gents/Disabled Toilets

External patio area with seating for 12 people.

Current Opening Hours:

Monday & Wednesday           closed

Friday - Sunday             8.00 am  -  4.00 pm

Permission to trade until 9pm

Staff:

The business will be sold free of staff.

Tenure:

The premises are held on a 15 year lease from November 2014 with 3 yearly rent reviews.  The current passing rent is £9,500 per annum.

Rates:

The premises are assessed as follows:

RATEABLE VALUE    £7,300

Rates free incentives may be available subject to individual status.  Interested parties should make their own enquiries of the Local Rating Authority for verification of the above.

EPC:

Rating - E.  If you require sight of the Energy Performance Certificate prior to making a viewing appointment then please get in touch with this office.

 

 

 

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