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, Iceland, Barclays Bank and Greggs The Bakers. In addition to the high levels of captive trade from the nearby houses there is ample pull in parking for any passing trade and to assist the busy delivery offer.
Business
The business has traded from the site since 2016 and the majority of the fittings were new at that date.
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 EAT delivery group and this makes up a significant proportion of the turnover. The remainder is generated by the local residents and there is a broad range 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
Comprise 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) with 6 pan range, extraction system, stainless steel workbenches, fryers, and griddles.
Shower
First Floor
Stores circa 500 sq.ft. (46.5 sq.m.)
W.C.
Attic
Stores
Trading Hours
Monday - Sunday 5.00pm – 10.30pm
Staff
Owner operated with the help of between 4 and 6 staff depending on rotas.
Rates
We are verbally informed that the premises are assessed as follows:
Rateable Value £13,250
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.
EPC
Rating – E.
