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Chillipepper

Tyne and Wear

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Ref: 1514
Category: Sandwich Shop and Delivery
Location: Tyne and Wear, NE13NZ
Estimated Value: 65000.00
NO. of Employees: 2
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More Information

Location

The premises are located within the railway arches that separate Central Station from Forth Street and Arch 1 is adjacent to the one way street for taxis to access the Station. There is on-street parking.

The business forms part of a busy terrace which is home to a range of food and drink outlets, including a couple of micro pubs, together with some offices, call centres and retail outlets. Northumbria Police Head Quarters, UTC College and The Crown Plaza Hotel are all located on Forth Street and a new extension to the nearby Roomz Apart Hotel is also currently being built. The business is within easy walking distance of the City centre and main office district.

Business

This is a long established and very reputable sandwich business which has been in our clients’ owner ship for the past 11 years. The business has been placed on the market as our clients wish to concentrate on their other unrelated business.

The premises are relatively compact and are currently configured to provide a waiting, service and prep area within one open space. The current menu offers a broad range of hot and cold drinks and high quality speciality sandwiches, together with salad boxes and paninis. There is scope to develop the menu further and also to extend the weekday trading hours but, in particular, by opening on a Saturday where there is a genuine demand.

New owners could look into offering other services, such as outside catering or delivery rounds, and the business is a rare to the market opportunity with high profit margins and potential to grow in the right hands.

Premises

Comprise a self-contained ground floor lock up unit with frontage onto a busy main through road.

Ground Floor

Retail Area circa 465 sq.ft. (43 sq.m.) with serve over deli counter, fridges, sink units, dishwasher, coffee machine, panini grills, chillers and menuboard.

W.C.

Staff

Operated by our clients (2).

Fixtures & Fittings

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

Trading Hours

Monday – Friday 8.00am – 2.00pm

Saturday & Sunday closed

Rates

The premises are assessed as follows:

Rateable Value £8,400 (2017 list)

Rates free incentives subject to individual status.

Asking Price & Tenure

Leasehold asking price – £65,000 / OFFERS. We are verbally informed that the premises are held on a renewable lease at a current rent of £11,094 including VAT. A copy of the lease will be available on request.

EPC

Rating – D

Key points
  • Great Central Location
  • Well established
  • Fantastic reputation
  • Scope for further business