No.13, 13 Cattle Market, Hexham, United Kingdom, NE46 1NJ
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- SECTOR
Restaurant for sale
Key features
- Popular Restaurant, Bar and Deli
- Spacious & immaculately presented throughout
- Fully licensed with 50+ covers.
- Annualised Net Turnover c. £440k
- Prominent location with low rent
- Highly rated on TripAdvisor | EPC Rating B
- Christie & Co Ref: 6411091
Description
Located at No 13, Cattle Market, Hexham, The Natural Grocer Market and Social is a restaurant and deli focussing on local producers and amazing local products. Occupying a highly visible position on the corner of Hexham's busiest street with high levels of vehicular and pedestrian passing traffic.
After only opening in October 2022, the business has become known as one of the largest retailers of quality produce from Northumberland, Durham, Cumbria and beyond. With over 70 local producers, many of which are available not only to buy but are used on the breakfast, lunch and evening tapas menus.
The owners created this business from a cold start. They carried out a full refurbishment of the property, adding a kitchen, full redecoration throughout, as well as installed quality fixtures and fittings for the retail shop and coffee shop bistro.
Located on a highly visible position on the corner of one of Hexham's busiest streets, Cattle Market. Hexham is perfectly located for exploring the surrounding countryside including Northumberland National Park, Hadrian's Wall UNESCO World Heritage Site, Housesteads Roman Fort, Chesters Roman Fort, Vindolanda and the Roman Army Museum.
Hexham is easy to access via public transport with regular bus services as well as trains from Newcastle and Carlisle on the Tyne Valley Line.
The property comprises of two floors:
An entrance leading into the lower lounge/cafe area with seating for c.20 covers and the upper ground floor leading to the deli sales area situated to the rear.
Upstairs is a well presented restaurant area for c.40 diners with a bar servery.
We have been advised that the majority of the fixtures and fittings are under two years old, owned outright and will be included in the sale, subject to an inventory.
Ancillary AreasAncillary areas include a commercial kitchen, WCs and storage areas.
External DetailsThe property benefits from 1 parking space to the rear of the premises.
The OpportunityThe Natural Grocer Market and Social is a very well presented business with a list of capital expenditure devoted to it by both the sellers and the landlord. This is a retirement sale and thus our client choses to only open 4 days per week. Providing huge scope for more opening for a new owner.
For a new owner, this business has had the hard work and set up already completed and now has a base of regular clients. They have built up an enviable reputation for service and quality, currently standing at #1 out of 54 places to eat in Hexham with multiple 5 star reviews and a following of over 1,800 on social media. Well renowned for the not only the food and premium level of customer service, the business has become a leading specialist grocer in the area, with a range of superior products from over 70 local suppliers.
From inception, The Natural Grocer Market and Social has grown from strength to strength, not only in reputation, but in financial terms too. What started as a small specialist grocer, trading during limited weekly hours as per the owners' lifestyle choice, and a turnover of c£6000 per week, the Natural Grocer Market and Social has grown to become a highly regarded and profitable business with undoubted growth potential. Increased trading hours, the introduction of breakfast, lunch and evening Tapas menus, as well as monthly wine tastings, music and other events have contributed to impressive sales growth.
A further two year predicted growth curve lies ahead which should realise a gross sales figure of c. £10,000 average per week.
This business model is very successful other than short term issues caused through roadworks which were completed in May 2024.
The business is owner operated with the help of a trained team. The owners will leave on sale, however they are prepared to assist post completion, alongside fully trained shop and bistro staff, to guide the new owner bringing the business forward.
Trading InformationAnnualised Net Turnover c.440,000.
Currently trading only 4 days, the business has tremendous potential.
Financial information is available to interested parties.
Monday to Wednesday
Closed
Thursday
10.00am - 9.00pm
Friday and Saturday
10.00am - 10.00pm
Sunday
Currently closed with service between 12.00pm to 3.00pm starting mid April 2024.
Currently closed on Monday and Sunday as a lifestyle choice of the current owners. There is huge scope to extend the hours significantly as the on and off Premises Licence is from 10.00am until 10.00pm, seven days per week.
The Rateable Value as of 1 April 2023 is £18,000. Confirmation of actual rates payable can be obtained from the local Authority.
RegulatoryPremises License.
Pavement Licence for two tables plus four chairs.
Energy Performance Certificates
EPC 1Brochures
No.13, 13 Cattle Market, Hexham, United Kingdom, NE46 1NJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Hexham Station0.4 miles
- Corbridge Station3.3 miles
Notes
Disclaimer - Property reference 6411091-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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