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Fully licensed café and bar for sale in city center Newcastle upon Tyne on Grey Street

Newcastle upon Tyne, Tyne and WearEst. 7 years
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  • Status

    FOR SALE

  • Advert ID

    659663

  • Leasehold: £150,000 (Stock at valuation)
  • Rent: £31,008 (£2,584 per month)
  • Turnover: £350,000 (£6,731 per week)
  • Profit: On request

Key Features

  • High-quality finishes
  • Quality food and drink options
  • High-quality furnishings throughout
  • Highly rated reputation

Business Details

Fully licenced cafe and bar in city centre

Discover a charming European-style café bar nestled in the heart of Newcastle, situated on the iconic Grey Street. This stylish establishment blends modern design with a warm, inviting atmosphere, making it the perfect spot for both casual gatherings and social celebrations.

The interior is characterised by a contemporary yet cosy design, complemented by comfortable seating that encourages guests to linger. An inviting outdoor seating area, enhanced by atmospheric lighting, adds to the vibrant allure of the venue. Its strategic location ensures high foot traffic and excellent visibility, making it a prime spot for attracting customers.

Since its inception in 2019, this café bar has seen steady growth in turnover, underscoring its appeal within the Newcastle dining scene. The business boasts an impressive selection of beverages, including artisanal cocktails and refreshing drinks, alongside high-quality food options that cater to various tastes. With all fixtures and fittings optionally included in the sale, the new owners will find themselves in a well-equipped space ready for continued success.

Prime Location and Competitive Advantage

Located near the bustling Theatre Royal, this café bar benefits greatly from the surrounding amenities, including popular establishments like New Ivy, The Flat Iron, Las Iguanas, and Café Andaluz. The heavy footfall experienced both day and night ensures a steady stream of potential customers, while the café's established brand presence guarantees a welcoming atmosphere for social gatherings.

Opportunities for New Owners

This venue is particularly suitable for both experienced operators and first-time buyers, offering opportunities for hands-on management and various ownership transitions. The café also has a highly rated reputation within the local community, emphasising its quality service and products. With a late-night premises licence, there is potential for operating as a late-night venue, further expanding its appeal and revenue streams.

The café's inviting environment, complete with an integrated sound system and a well-equipped kitchen area, makes it an ideal location for private functions and industry events. Licensing permissions are in place, providing new owners with the flexibility to host numerous events throughout the year.

Current management includes two staff members, and while they are not part of the sale, the current owners are willing to assist in the transition process if necessary. Due to other operations nearby, the owners are looking to sell, presenting this as a unique opportunity for those seeking immediate income generation potential in a dynamic location.

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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.

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