Profitable Licenced Restaurant in Newcastle City Centre For Sale Newcastle Upon Tyne, Tyne and Wear, United Kingdom Advert ref: R223NE Business description
Lakey & Co are delighted to offer For Sale this busy, well established licenced Italian Restaurant with Takeaway. This business is situated in a busy and prominent location in Newcastle City Centre and the premises are presented in good order benefiting from 80 covers. Currently taking around £4,000 - £6.500 per week, this business presents an ideal opportunity for an existing operator to further expand their portfolio or for a chef looking at buying their first business.
Trading hours: Monday – Saturday: 12.00pm – 2.30pm & 5.30pm – 10.30pm
Property: Leasehold
Lease terms
The premises are leasehold with a current rental of £17,500 per year. The business rates payable are £8,000 per year.
Location
This Restaurant business benefits from a prominent city centre location, with good access and visibility. It is surrounded by both multiple and independent outlets and also benefits from good public transport links and ample parking in the near vicinity.
Competition / Market
The business operates comfortably with a healthy degree of local competition and benefits from the high footfall generated by these complimentary outlets.
Reasons for selling
The business is being sold to enable our client to move on to other business ventures.
Financing available
This business opportunity should support finance-subject to status. Please contact Lakey & Co who can put you in touch with impartial and independent commercial finance brokers.
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| | Financial details Asking price: £125,000
Sales revenue: £250,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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