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Licensed Coffee & Ice Cream Bar

South Shields £45,000 Leasehold REF: NE1555

Location

The business is located on Sunderland Road which is the principal road running through the heart of this popular suburb to the south of South Shields centre. 

The subject property forms part of a small parade close to the junction of Sunderland Road with Moor Lane and nearby occupiers include a busy convenience store and a restaurant.

This is a pleasant and densely populated suburb with potentially strong levels of captive trade.  Passing trade and visitors from outside the area enjoy the benefit of free pull in parking to the front.

Business

This is a developing business which was established by our client in late 2016 from a vacant unit. At the point of acquisition the retail unit was refurbished throughout to a high standard, as were the public toilet facilities.

The premises are configured to provide a main seating and dining area at the front catering for up to 25 covers plus a good sized staff service area.  To the rear there is a kitchen and prep room plus a stock area and there are separate staff and customer toilet facilities.

The menu comprises traditional coffee shop fare plus ice creams, hot and cold drinks and light snacks.  Afternoon teas are particularly popular and the business ran some successful Groupon campaigns during 2019. Owing to personal circumstances the business trades on short hours and there is genuine scope to extend the hours with potential demand for breakfasts in the morning and the alcohol license could be taken advantage of later in the evenings.

Viewing is strongly recommended to appreciate the fit, finish and location of this opportunity.

Premises

Comprises a ground floor single storey terrace property;

Ground Floor

Coffee Shop / Service Area       41 m2       437 ft2

Customer W.C.

Prep & Kitchen Area                 11 m2       118 ft2

Stockroom                                 4 m2         47 ft2

Staff W.C.

Trading Hours (licensed to sell alcohol till 11pm)

Monday - Sunday                                  11.00am - 5.00pm

Fixtures & Fittings

A full inventory would be made available prior to an exchange of contracts.

Rates

The premises are assessed as follows:

Rateable Value £6,500

Rates incentives are available subject to status.

Tenure

The premises are held on a 7 year FRI lease dated from 9/2016 with break clauses at the 1st, 3rd, and 5th anniversaries. The current rent is £8,100 per annum including building insurance.

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.

 

If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.

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