Location
The business is situated in The Broadway shopping centre which is located in the suburbs of this pleasant residential town. Ponteland is one of the most popular suburban towns around Newcastle, with straightforward access to the City via the A696.
The parade has a designated car park to the front which is a major asset for all the businesses on the strip.
Business
This is a thriving food opportunity which opened around 2018 but one which has been reluctantly placed on the market as our client is reducing their work commitments.
The premises are in good order and were refurbished prior to the business opening and have been regularly updated as trade has developed. The ground floor space is configured to provide a main dining space with toilets off plus a bar and the kitchen space to the back.
The current menu offers breakfast, lunch and dinner options using quality, local ingredients where possible. Burgers and pizza are on the menu together with a range of mains and daily specials. A range of Fusion dishes has recently been launched and the initial feedback has been very positive.
This is a rare food and drink opportunity in a sought-after position and viewing is strongly recommended to fully appreciate the potential of this going concern.
Premises
Comprises a single storey space forming part of a larger parade of shops and flats.
Ground Floor 77m2 830ft2
Dining Room
Kitchen
Ladies Toilets
Gents Toilets
External
Car Parking To the front of the premises.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Current Trading Hours (permitted to trade later)
Monday - Wednesday 8.30am - 5.00pm
Thursday - Saturday 8.30am - 8.30pm
Sunday 8.30am - 4.00pm
Staff
Currently operated by the owner with the help of 2 full time chefs and 8 part time workers.
Rates
The premises are assessed as follows:
Rateable Value £22,250
Tenure
The premises are held on a 10 year lease from 2017 at a passing rent of £18,000 per annum. Further details on application.
EPC
Rating C.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
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