Established Takeaway, Off-License and Convenience Store in Wingate

Wingate, Tyne and Wear
REF: R06463

Asking Price:
£99,950
Annual Turnover:
£21,650
Annual Net Profit:
£18,491
REF: R06463

Overview

Tenure:
Leasehold
Established:
1989
  • Five-bedroom home, well-presented, decorated to a high standard
  • Leasehold/free option available for ¬£290,000
  • Great reputation: good reviews for products and services
  • Delivery service
  • Limited competition
  • Good potential to expand and grow the business and brand

This is a brilliant leasehold/freehold opportunity for a buyer looking to take over a popular and successful takeaway and off-license in Tyne and Wear.

The business was established in 1989 and has consistently delivered great service ever since. It has accrued a great reputation amongst its predominantly local customer base and offers a range of takeaway options such as fish and chips, pizza and kebabs.

This is a five-bedroom, 3-storey property which means a new buyer would have complete autonomy over the venture.

The business opens first into the takeaway, consisting of ah large fryer and grills to the right. To the left, there resides the small convenience store providing a good range of extra products for immediate purchase. To the rear of the property, there is a large, fully-equipped kitchen which is used for preparation.

The 5-bedroom house, which is beautifully decorated to a high standard, is situated on and above the first floor.

As this is a freehold opportunity the residence and the business will be purchased together as a package.

This is a great opportunity for a buyer looking for a home and business in the Tyne and Wear area.

This comes with a great reputation and fantastic word-of-mouth recommendation amongst the local, predominantly residential, area.

At this time, the business is promoted solely by word-of-mouth recommendation, thus a new buyer may decide to establish the brand online on social media or on a website. This could widen the client base and help to build the reputation even more. A new buyer could also expand on the already well-received delivery service and perhaps diversify and expand the menu to bring in more customers and drive more interest.

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  • Situated on a main road
  • Excellent passing trade
  • Residential area
  • New homes being built locally
  • Schools close by
Rent
£0
Rates
£1,912
Lease Term
Vendors own property
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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