Beachfront Licensed Restaurant For Sale | | Whitley Bay Tyne and Wear | | A unique beachfront restaurant,tucked away on Lower Promenade, Whitley Bay,yards from the beach with terrific views. 'Down Under' was established 19 years ago by but is being sold due to family illness. Rented from N. Tyneside council at £5,000 per annum. Lease to let or rent Beachfront Licensed Restaurant For Sale is located in Tyne and Wear. | | ADVERT NUMBER : 36365
ADVERT IMPRESSIONS : 25,051 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Restaurants | | SALE: | Private Sale | LEASEHOLD: | £25,000 ONO | ANNUAL RENT: | £5000 | | | | | BUSINESS DETAILS: | This fully licensed premises is currently run on a part time basis to suit our client's personal requirements, however, there is massive scope to expand the trading hours and type of goods sold at different times of the day. Inside, the restaurant caters for up to 40 covers, plus al fresco seating and is rented from North Tyneside Council at £5,000 per annum. LOCATION
The subject business is located in a unique beachfront position at Lower Promenade, Whitley Bay Tyne and Wear. As such, the restaurant enjoys fantastic views of the beach at Whitley Bay and the coastline beyond including St Marys Lighthouse. Access to the unit is provided via pedestrian footpaths on Promenade in the vicinity of Esplanade within the town containing many public houses, restaurants and hotels. In general terms, Whitley Bay is an established coastal town provided with a wide range of services and facilities serving a sizeable local population and surrounding communities. The location also attracts large numbers of day visitors from around the region and is a long standing coastal resort. BUSINESS DETAILS
The subject business called 'Down Under' was established and has been run for 19 years by our client for the whole period. This fully licensed restaurant business has developed to place an emphasis on home cooked interesting dishes from around the world also specialising in vegetarian and healthy food. The general trade is predominantly repeat business from the local community and local public and business recommendations. Additional trade is gained from visitors to the beach and people taking a stroll along the seafront. At present, the owner operates the business on a part time basis including closing from Christmas to Easter and only opening four evenings a week. This arrangement suits the client's personal requirements. Clearly, any new owner of the business has an ideal opportunity to explore a range of measures including the expansion of opening hours to significantly increase turnover. The turnover will be discussed with potential purchasers on viewing this business. PREMISES LICENCE
The subject premises, known as the 'Down Under Restaurant,' are allocated Premises Licence Number: 00CK/05/0857. Authorisation as follows:
SUPPLY OF ALCOHOL. PERFORMANCE OF LIVE MUSIC. PLAYING OF RECORDED MUSIC. LATE NIGHT REFRESHMENT. The above are subject to time limits from Monday to Saturday and Sunday. Down Under runs out of 7/8 Central Lower Promenade, Whitley Bay. The subject premises are rented from North Tynside council for £5,000 per annum. A new three year term was agreed in July 2009. (Rolling lease) Accommodation within comprises a split level seating area fitted out in a 'Beach Shack' style with wood panelled walls and tables. There is a small bar counter and dual toilet facilities. The kitchen is commercially fitted to include full extraction provision, gas cooking facility and supporting fittings. | | | | | | SOLD or WITHDRAWN FROM MARKET | | | | | | | | | | | |
