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Takeaway for sale

Stonecrop, Gateshead, Tyne And Wear, NE9

54 sq. m. | £69,950

Property Description

Commercial information

  • Business for sale
  • 581 sq ft (54 sq m)

Key features

  • REF: 2294

Full description

Tenure: Leasehold

Hilton Smythe is delighted to welcome to the market this well-established takeaway business. The business was established in 1994 and has been in our client's careful hands since 2010. The business is only now being offered to the market due to our client` relocating. The business is open 7 days a week and generates a turnover in the region of 80,000 per annum with a gross profit of approximately 60%.

Golden Fish Inn is a well-established take away business with an excellent reputation, the business has a loyal and local customer base. The takeaway benefits from being the only takeaway in a wide area. A great website is already in place which has details of the menu, delivery areas and online ordering facilities, which is run by Just-Eat,

The business serves a wide range of foods including pizza's, garlic bread, kebab's, burger's, wrap's, fried chicken, curries, souvalakis, a range of kids meals and beverages.

Currently the business is run at a pace to suit our client, we feel a more hands on owner could increase turnover. The use of advertising and marketing could also prove very beneficial. This is an excellent opportunity for a new owner to take this well-established business to the next level; therefore early viewing must come highly recommended to avoid disappointment.

Golden Fish Inn is located in Gateshead, Tyneside.

Situated in the heart of a densely populated residential area. The business has guaranteed footfall as it is set between a post office and convenience store, there is also a bus stop right outside the business and a large football field nearby. The business is approximately a 10 minute drive away from the Gateshead town centre and approximately 12 minutes away from Newcastle upon Tyne. The A194 is around a 10 minute drive away and leads on to the A1 motorway.

Gateshead is a large urban town in Tyne and Wear, which lies on the southern bank of the River Tyne opposite Newcastle upon Tyne and together they form the urban core of the Tyneside conurbation. Gateshead and Newcastle are joined by seven bridges across the Tyne, including the landmark Gateshead Millennium Bridge. The town is well known for its iconic architecture such as the Sage Gateshead, the Angel of the North and the Baltic Centre for Contemporary Art.

Single story retail parade premesis, briefly summarising:-

Ground floor:
The ground floor consist of the main serving counter with 2 pan fryer which is only 4 years old, and pizza oven. Preparation area to rear, with staff toilet and rear access door to small yard.

The front of the shop is finished to a high standard, the walls are tiled and a hard wearing floor is in place. To the rear of the shop the floors are tiled.

2 pan fryer
3 freezers
Kebab spit
Bain marie
Chiller cabinet
Double pizza oven
Drinks chiller

To the rear of the shop is a small yard.

The business has CCTV in place

We are advised Leasehold:

Original lease length: 5 years
Remaining lease length: 5 years
Rent: 100 per week

We are advised that there would be no cost to renew lease.

The business is open:

Monday - Sunday: 11am till 2pm & 4pm till 9pm

The business is owner run and managed with the assistance of 2 staff members.

We are advised the business generates a turnover in the region of 80,000 per annum and a gross profit of approximately 60%.

Map & Street View

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