Location:
This opportunity comprises a well-established trading business located in the heart of the popular area of Whickham, 5 miles south west of Newcastle city centre. Whickham is well connected with relatively easy access via the A1 Western Bypass.
Business:
This is a reputable business which has been in our client’s ownership since 2017 but has been trading from within Whickham for over 25 years. The business has been placed on the market as the owner is considering another unrelated business opportunity.
The premises are configured to provide a customer service area to the front with a good sized kitchen to the rear but which also has separate access through the front door to assist the delivery element of the trade.
The current menu is traditional Indian cuisine and the business appears to be popular, with positive levels of feedback via social media. 50% of the business is generated via collection from local residents but the deliveries make up the remainder, 30% of which come from the JUST EAT online ordering network. The kitchen also has a twin pizza oven installed and our client does offer this option, with an Indian twist.
Viewing is recommended to appreciate the location and hot food opportunities do not come onto the market very often in Whickham.
Premises:
Comprises a single storey self - contained unit.
Ground Floor
Service / Waiting Area circa 180 sq.ft. (17 sq.m.)
Kitchen / Prep area circa 240 sq.ft. (22 sq.m.) with extraction system, 7 pan burner, worktops, hot tray, tandoori oven, fridges, freezers, sink and pizza oven.
Store circa 81 sq.ft. (7.5 sq.m.)
W.C.
Trading Hours:
Sunday – Monday 5.00pm – 10.00pm
Tuesday closed
Staff:
The business is currently managed by the owner with the help of 3 chefs and 2 kitchen staff.
Fixtures & Fittings:
A full inventory would be made available prior to an exchange of contracts.
Rates:
The premises are assessed as follows:
Rateable Value £12,500
Tenure:
We are verbally informed that the premises are held on a 14 year lease 2016. The current rent is £12,000 per annum. Interested parties should seek legal confirmation of this information.
EPC:
Rating - TBC
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.
