The business premises are located within Atley Business Park which is a modern development in the heart of the main industrial area to the south west of Cramlington. The immediate area comprises a mixture of offices, commercial, industrial and manufacturing accommodation and the location generates a certain amount of captive trade.
The unit has excellent road access via the A1, A189 and A19 and this is an obvious advantage for the outside catering trade.
This is a well-established family run business with a solid reputation, being established in 1988 the opportunity is now only available for sale as our clients wish to retire.
The business comprises an on-site retail element servicing a predominantly captive trade generated from the local occupiers on the estate. There are 50+ business occupiers within the immediate postcode plus a number of other larger employers on the surrounding estates.
The business benefits from a website: www.kingssnax.co.uk which provides a wide range of information including the downloadable menus that the business offers and details about their other services and functions. The premises are large and provide ample storage and prep space should any new owner wish to extend the current range of services provided.
The business could appeal to an existing operator who could incorporate it easily into their set up or alternatively a new owner operator could take the place of our retiring client.
Comprises two storey premises with double fronted retail shop plus large fully fitted production facility with offices above.
Ground Floor (123 sq.m./ 1,325 sq.ft.)
First Floor (111 sq.m./ 1,200 sq.ft.)
Fixtures & Fittings
An inventory will be available to bona fide purchasers prior to any exchange of contracts.
Monday – Friday 8.00am – 2.30pm
Saturday – Sunday closed
The business is operated by our client with the help of 5 part time staff. There are additional bank staff that are brought in for the larger outside catering events.
The premises are assessed as follows:
Rateable Value £6,900
Rates free incentives are available subject to status.
The premises are available on a new lease at an asking rent of £8,400 per annum on terms to be agreed. There is an estate service charge of circa £700 per annum.
Rating – D.
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.