For Sale Is a Excellent Family Run Café Business That Is Situated In Gateshead.
Gateshead, Tyne and Wear
- Status
FOR SALE
- Date Submitted:
29/10/21
- Advert ID
285141
- Reference
BB5124 / Rightbiz
- Call Agent:
- Leasehold: £24,000 (Stock at valuation)
- Rent: £5,000
- Turnover: £13,316 (£256 Per week)
- Net Profit: £33,432 (252% Profit margin)
Key Features
- Small Business
- Close to Local Amenities
- Prime Location
- Potential for Alternative Use
- Adjacent to Multiple Retailers
- Established Business
- Accounts Available
Business Details
For Sale Is a Excellent Family Run Café Business That Is Situated In Gateshead.
Business Overview
New to the market, is this well established family run café business in Gateshead. With a fantastic reputation and a loyal customer base, it's a great opportunity for any buyer looking for an existing, successful business to walk into. This is a leasehold business sale and has massive growth potential for any new owner.
Business Description
This is a business that has been trading for 2 and a half years including 7 months prior to covid. This is a genuine sale due to an illness for one of the owners, who have made the hard decision to sell. Two working owners but has got family and weekend staff too. The business would massively benefit from having its own website as well as reactivating the use of Just eat and adding Deliveroo and Uber eats too.
It is currently open from 10am to 4pm Thursday to Monday but any new owner could easily extend the hours and possibly open up evenings too. Looking for a quick sale due to personal circumstances, this thriving business is on the market for a greatly reduced price. The perfect opportunity for first-time buyers or those looking for an affordable but well-established business. The business benefits from a strong, local customer base as well as year-round tourist trade. It needs a website but does operate using a Facebook page account.
The business would also benefit by adopting a vigorous marketing policy of its excellent products, particularly with reference to the introduction of online advertising in order to improve upon the already respectable levels of turnover and profitability. We would strongly recommend the earliest possible viewing to avoid disappointment.
The business is ideally suited to a hands-on owner-operator but due to our client wishing to take up to retirement, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level. An excellent opportunity to acquire this business which is situated in the heartland of this community meaning that there is a large audience in this vastly densely populated area also benefitting from a regular local trade of clients resulting in a steady trade throughout the year. The premises are well presented and In the right hands this sandwich café is capable of doing so much more trade. PRICED TO SELL QUICKLY.
There is scope to open the business until 11pm which would increase the turnover dramatically.
The business also comes with fully functional electric shutters too.
The premises are held on a secure lease, sensible rent . The property is very well presented and is deceptively spacious, comprising good sized sales shop with refrigerated serve over counter, large commercial kitchen with rear preparation kitchen with an array of equipment. Small sandwich shop selling hot and cold food and outside catering service. It is with a heavy heart that the current owner is selling the business due to illness.
This is an excellent opportunity for an entrepreneur looking for an established business in the retail/catering sector or an established business looking for a lucrative acquisition.
Due to the impressive financial performance of the business and their highly sought-after location, this business is already experiencing a high volume of enquires, so to avoid disappointment, please contact us for further information.
Business Location
The business is in a sought after location in the heart of Gateshead. NE9
Key Business Features
Excellent Reputation
Loyal Customer Base
Hugh Growth Potential
Well Equipped Premises
Equipment Included
Wide variety of services or products
Strong supplier Relationships
Key Location Details
Residential Area
Who would be the ideal buyer
Ideal for a family run business or similar to the current set up of mum and daughter.
Transitional Period
Yes
Lease Expiry
2022
Confidential Sale
No
Tenure
Leasehold
Business Reference Number
BB5124
Number Of Staff
TBC
Rent
5000
Rates
0
Annual Turnover
£33,432
Net Profit
£13,316
Stock at Valuation
tbc
Has Accounts
Yes
Listing Price
24000
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
