Leasehold Bistro in Throckley, Tyne and Wear with Prime Location, Training and Growth Potential for Sale
Throckley, Tyne and Wear
- Status
FOR SALE
- Advert ID
624567
- Leasehold: Price on Application
- Rent: £14,000 (£1,167 per month)
- Turnover: £65,000 (£1,250 per week)
- Profit: On request
Key Features
- Established Business
- Offers Invited
- Open Plan Trading Area
- Potential for Alternative Use
Business Details
Bistro Newcastle
This well-established bistro, situated in the heart of Throckley, Tyne and Wear, offers a unique opportunity for new owners to take advantage of its vibrant community location. With a charming storefront positioned on a corner, the bistro boasts an extensive menu featuring homemade cakes, savory roasts, full breakfasts, and a variety of desserts, including delightful cheesecakes and chocolate-themed treats. The ambiance inside is warm and welcoming, with comfortable wooden furnishings, enhancing its appeal to both locals and visitors.
The bistro, enjoying a strong reputation and experiencing a 15% year-on-year increase in turnover, presents significant potential for continued growth. Though there are a few other outlets in the area, none offer a similar dine-in experience. The business has been established for three years and offers leasehold opportunities with an asking price available upon request. Currently, the turnover stands at £65,000, against an annual rent of £14,000.
The sale of the business includes all fixtures and fittings, such as a bean-to-cup coffee machine and cooker, in a fully refurbished setting. All stocks are included in the asking price, ensuring that the new owners are ready to start operations. Training opportunities will be provided to facilitate a smooth transition. Although not currently operational online, the business is listed on all delivery platforms, providing an avenue for further growth.
The bistro's prime town center location is close to various amenities, including shops, a community center, a gym, and business parks, all of which attract a steady stream of customers. Despite a nearby bus stop and thriving community presence, there is minimal competition, enhancing its market position.
Employing four staff members, the bistro is being sold as the current owner is looking to focus on fostering a child. This attractive business, with its open plan trading area and proximity to multiple retailers, offers a versatile opportunity for alternative uses.
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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.
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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.
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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.
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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.
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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.
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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.'.
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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.
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