The premises are located within a busy and established shopping parade in the centre of a pleasant private housing estate. This is a popular suburb of Newcastle to the west of the City and just off the A69 which provides excellent road links. The immediate area is a mix of retail and private residential accommodation.
This location has had a retail sandwich business on site since the early 1990’s but the current operation has been in our client’s ownership for the last 18 months. The business has been placed on the market as our client wishes to concentrate on another unrelated opportunity.
Due to the Covid 19 restrictions, the current business model relies predominantly on deliveries and these make up around 80% of the turnover. Our client adapted the hours to suit the new market demands but as we ease out of lockdown, there is scope to bring the hours back into line with a more traditional sandwich bar i.e. opening for breakfasts and trading through the whole week.
The premises are relatively spacious and are currently configured to provide a waiting and service area to the front with a large prep space behind. There is external seating to both the front and rear.
The current menu offers a range of hot and cold drinks and sandwiches, together with salad boxes, pies and paninis. There is scope to develop the food offer further and during lockdown the shop introduced a Sunday lunch offer which has proved extremely popular.
Comprises a self-contained single storey lock up unit forming part of a small parade.
Retail / Waiting Area circa 250 sq.ft. (23 sq.m.).
Prep Area circa 215 sq.ft. (20 sq.m.)
Operated by our clients with the help of 3 members of staff plus drivers.
Fixtures & Fittings
A full inventory would be made available to bona fide purchasers prior to an exchange of contracts. There are 2x Renault vans which are included in the sale..
Tuesday - Friday 9.00am - 2.00pm
Saturday - Sunday 9.00am - 2.30pm
The premises are assessed as follows:
Rateable Value £2,150 (2017 list)
Rates free incentives subject to individual status.
We are verbally informed that the premises will be offered on a new lease at an initial rent of £400 per month with full terms to be agreed.
Rating - D
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.