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Coffee Shop, Gifts & Gallery

Sunniside £59,950 Leasehold (fees apply) REF: NE1348

Location:

Sunniside is a pleasant and popular village approximately 4 miles south west of Gateshead and 5 miles from Newcastle. The premises are located on the main road leading through the heart of Sunniside which in turn provides direct access to the A1 Western Bypass.  There are also a number of densely populated residential areas within easy driving distance.

Business:

The business trades from a well-established retail location, currently comprising a gallery, gift shop and coffee shop.  The shop is pleasantly set out and is configured to offer the main gift shop as you walk in which then leads into the ‘Art Café’ area, which displays original works by local artists. In turn this area leads into the main cafe which serves popular homemade fare.  The gift shop element offers a wide range of unique, high quality gifts and jewellery as well as shabby chic and vintage home accessories.

To the rear of the main café and gift shop area there is a pleasant sheltered courtyard with a surrounding two storey refurbished outbuilding, with a total floor area of around 1,600 sq.ft.  This currently houses the clothing, accessories and upcycled furniture element of the business.  There is free on street parking outside the Gallery and in surrounding streets.

The business has a substantial 3,000+ followers on their Facebook page together with excellent customer reviews on both Google and TripAdvisor.  The Coffee Shop was awarded a Food Hygiene Rating of 5 (Very Good).  The business is also represented and well supported at several local fairs throughout the year, particularly at Christmas time.

The split in relation to overall turnover for the Gallery & Art Café is roughly 50/50 with high profit margins.  Our client has reluctantly decided to sell the business due to the retirement of one of the owners.

Premises:

Comprises of an extended, single storey retail unit of traditional construction offering the following accommodation;

Ground Floor

Front Shop  - 15’8” frontage x 24’5” depth.

Gallery Area  - 15’6” x 12’8”.

Coffee Shop - 15’7” x 20’0” with 21 covers, various tables and chairs with barista area.

Kitchen with stainless steel sink, microwave oven and commercial double sized Panini grill.

W.C.

Furniture Showroom  - 18’2” x 12’

Storerooms  - 20’ x 8’ with central heating boiler.

Clothing & Accessories Showroom - 26’ x 14’

External

Courtyard with seating for 10.

Trading Hours:

Monday                                 11.00 am – 4.30 pm

Tuesday - Saturday               10.00 am – 4.30 pm

Sunday                                  11.00 am – 4.00 pm

Staff:

The business is currently operated by our client on a part time basis with the help of 4 part time staff.  The monthly wage bill is currently in the region of £1200 - £1300 pcm.

Tenure:

The premises are currently held by way of a 12 year lease from July 2011 at a passing rent of £13,800 per annum.  There is a rent review in July 2020.  We are verbally informed that a new 15 year lease is available at a commencing rent of £15,000 per annum.

Rates:

We are verbally informed that the premises are assessed as follows:

Description                           Shop and premises

Rateable Value                     £6,800

Rates free incentives available subject to status.

EPC:

Rating – C.  A copy of the certificate is available for inspection if required.

Money Laundering Regulations:

In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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