Leasehold Coffee Shop For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this very popular coffee shop in Gateshead, Tyne & Wear. The business was established in 1987 and has been in the careful ownership of our client since 2003. It is only now being offered to the market due to health reasons. The coffee shop is situated on the first floor of the property and boasts 30 covers. In addition to the coffee shop, the business has many outside catering contracts with Gateshead Council, Sunderland Teaching and many other local businesses. Currently the business generates a turnover in the region of £60,000 per annum achieving a gross profit of 60%. There remains immense potential to increase these figures by extending the current opening hours and trading at weekends, which our client currently does not do. Early viewing is strongly recommended to fully appreciate the potential this business has to offer.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining length: 1« years
Review every: 5 years
Rent: £350 per month

Living accommodation:

COFFEE SHOP Accessed via stairs from the ground floor 30 cover cafe area Serve over display counter Preparation area Kitchen Storeroom EXTERNAL Ample on-street and rear parking

Location:

Olivia's Coffee Shop is situated in a prime, highly visible trading position on Durham Road, in Gateshead, Tyne & Wear. The shop is surrounded by a variety of businesses and residential properties, which contribute to a high daily footfall. Low Fell is a thriving community just on the outskirts of Gateshead and is located just off the main A1 motorway. It is within easy commuting distance of Newcastle and is easily accessible from both the North and South.

Other information

Trading hours:

Mon - Fri: 8.00am - 3.00pm