Location
The business is located on the main street in the heart of this village environment to the east of Newcastle. Tynemouth features regularly as being one of the best Coastal places to live in and visit and this part of the North East enjoys high numbers of tourists. Public transport links are good via the Metro rail system and there is also public parking on Front Street itself.
Business
This is an established and popular licensed café which has been in the same ownership since 2010 and has been placed on the market as the current owner is winding down their business commitments.
This establishment has built a reputation for fresh food and coffee in a quirky environment. The existing menu is compact and comprises mainly traditional coffee shop fare. With a new approach there is scope to offer early morning breakfasts and possibly burgers, tapas and other seasonal variations. The premises are licensed till 10pm but this permission is not utilised and the business tends to close around 5pm most days.
This late licence offers scope to new owners for private hire and events but again this potential income stream is currently not pushed. This business has scope in certain areas and with such a high number of visitors coming onto Front Street, the food collection and takeaway offer is one element that could be expanded very quickly.
The kitchen was recently relocated from the cellar and that space could now be utilised for other uses such as food prep or even a microbrewery.
This is a rare to the market opportunity and viewing is strongly recommended to appreciate the location and untapped potential of the venue.
Premises
Comprise a self-contained unit forming part of a busy terrace.
Café Area circa 47 sq.m. (500 sq.ft.).
Kitchen circa 12 sq.m. (130 sq.ft.).
Cellar circa 16 sq.m. (170 sq.ft.).
Toilets
Staff
The business is operated by 2 full time and 6 part time staff with assistance from the owner.
Summer Trading Hours
Monday - Sunday 9.00am – 5.00pm
Trading hours can vary subject to the seasons.
Rates
The premises are assessed as follows:
Rateable Value £11,500 (2023 list)
Rates free incentives subject to status.
Tenure
We are verbally informed that the premises are held on a 15 year lease from 2021. The current rent is £19,200 per annum and there are 3 yearly rent reviews. Full details on application.
EPC
Rating B.
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.
