Location
The business forms part of a busy secondary shopping area located on Shields Road and within a densely populated residential area to the east of Newcastle. Nearby occupiers include Morrisons Supermarket, Iceland and Greggs. There are also several student blocks in this part of the City which increase the customer base plus ample pull in parking for passing trade and the busy delivery offer.
Business
The business has traded from this site since 2016 and is well known in this part of Newcastle.
The premises comprise a ground floor waiting and collection area together with the open kitchen. The current cuisine is Chinese and the business has built up a strong reputation since commencing trading with excellent reviews via Facebook and on other sites.
The business is part of the JUST and UBER EAT delivery groups and this makes up around 50% of the turnover. The remainder is generated by residents and locally there is a broad cross section which includes students, couples and families.
We see the business as an opportunity for either a couple or a partnership to operate where the staff overheads could be reduced and profits increased.
Premises
Comprises a self-contained three storey unit forming part of a busy parade.
Ground Floor
Service / Prep Area circa 700 sq.ft. (46.5 sq.m)
Shower
First Floor
Stores circa 500 sq.ft. (46.5 sq.m.)
W.C.
Attic
Stores
EPC
Rating E.
Trading Hours
Friday & Saturday 5.00pm – 11.00pm
Sunday – Tuesday 5.00pm – 10.30pm
Wednesday & Thursday closed
Staff
Owner operated with the help of between 4 and 6 staff depending on rotas.
Rates
The premises are assessed as follows:
Rateable Value £8,600
Rates free subject to individual status.
Tenure
The premises are held on a 12 year lease from November 2016 at a passing rent of £12,000 per annum. There is a 3 yearly rent review pattern. Interested parties should seek legal confirmation of this.
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.
