Cafe for sale

Mylord Crescent, Newcastle Upon Tyne, NE12

Leasehold 65 sq. m. | £22,000

Property Description

Commercial information

  • Business for sale
  • 699 sq ft (65 sq m)

Full description

Tenure: Leasehold

LOCATION
Sunflower Catering is located in the middle of a large industrial estate in Newcastle Upon Tyne within Tyne and Wear.

The industrial estate is large with a varied range of different businesses. The business supplies food for all the staff who work within the surrounding area, or for any passing trade. At the front of the property is parking spaces, for the few businesses in this section of the industrial estate.

Next-door to this well signed business is a signage business, printers and also a golf discount store. In the area is many other businesses like the John Lewis warehouse and Trend International Group.

The business has many connections to major routes like the A19 and A1, and the main town only a 5 minute drive away. The business has many different connections to trade in the area. Supplying the outside catering service to the surrounding densely populated local community, the business is never short for custom.

BUSINESS
Hilton Smythe are delighted to welcome to the market Sunflower Catering, a hot and cold sandwich bar and outside catering service.

Established in a fantastic location in 2003 when our client first set up the business. The business has built up an extensive loyal customer base within the area. However our client is now reluctantly selling the business due to a well-deserved retirement.

The business is currently generating an advised turnover of 59,000 per annum with a gross profit of 60%. This business is certainly thriving in the area. The turnover could be increased further by getting a delivery van for the business; leading to targeting customers more further afield. Being so close to major routes allows the business to easily deliver to the surrounding towns.

The business is in an industrial building on a large industrial site and targets the local workers and visiting trade for custom. By advertising the company a little more, the new owner may be able to bring in passing trade from those major routes that are close by, and therefore increase revenue.

This is a fantastic opportunity for a new buyer to invest in such an already thriving business. This business has been priced for a quick sale, so I advise an early viewing to avoid disappointment.

PREMISES
The premises is part of a complex, and is well signed to the public. The property is well secured with secure shutters and a high fence and padlocked gate around the buildings.

This is a ground floor based business and has a serving counter in the bright yellow entrance area, with a till and display of the products for sale.

The cooking area is to the rear of the property and is very large, with several different work spaces. The space looks clean, spacious and is well laid out.

Included in the sale is the following equipment-
-Display fridge
-Freezers
-Slicer
-Pie warmer
-Potato oven
-Microwaves
And more further general kitchen equipment.

There is a separate large storage area for products and stock, also in the kitchen is a separate washing room. There is also an office for staff and a toilet.

TENURE
We are advised that the business is leasehold
Rent 337 per month

HOURS
Business opening times-
Monday-Friday: 7:30am-2pm

STAFF
The business is run and managed by our client with the help of 1 part time member of staff.

FINANCIAL PROFILE
We are advised the turnover for the business is around 59,000 per annum
With a gross profit of 60%



Nearest stations

  • Palmersville (2.0 mi)
  • Benton (2.1 mi)
  • Four Lane Ends (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Palmersville (2.0 mi)
  • Benton (2.1 mi)
  • Four Lane Ends (2.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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