Location
This business opportunity fronts onto one of the busiest roads leading into the City centre. Located within walking distance of the main shopping areas, railway station and office district, the restaurant enjoys an excellent central position.
The development of the Science City project, together with the completion of the Lumen and Helix office developments means that there is now increased footfall in and around this part of the City.
Business Opportunity
This site was acquired by our client in 2018 and then refurbished to a high standard before opening in 2019 as a bespoke vegan restaurant.
The business currently operates as Vegano and all the products on the menu are hand made on site using quality ingredients. The restaurant is fully fitted and equipped with the fixtures all being new at the point of opening.
The premises are configured to provide a service and seating area to the front with a range of internal seating for approximately 30 covers and there are 14 external covers for the pavement licence when the weather permits.
The business model is extremely popular and Vegano has excellent feedback with a loyal following from both within the North East and beyond. The seller will offer a handover period and the recipes and supplier’s information will be transferred as part of the sale.
With the current short operating hours there is scope for new owners to drive this business forward by open longer hours than before and developing the menu.
Premises
Comprises a self-contained ground floor unit;
Cafe circa 46 sq.m. (495 sq.ft.).
Kitchen circa 20 sq.m. (215 sq.ft.).
W.C
External Seating for up to 14 covers.
Staff
Operated by our owners with 3 part time staff.
Trading Hours
Sunday - Tuesday closed
Wednesday - Saturday 12pm - 9pm
Rates
The premises are assessed as follows:
Rateable Value £4,600 (2023 list)
Rates free incentives subject to status.
EPC
Rating C.
Tenure
The premises are held on lease for a term of 6 years at a current rent of £15,000 per annum. Full details on application and the ingoing tenant will be required to contribute to the landlord’s reasonable costs in the assignment of the new lease.
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.
