16 Main Street Newcastle BT33 0AD
Chartered Valuation Surveyors
& Estate Agents In Newcastle
16 Main Street Newcastle BT33 0AD
Chartered Valuation Surveyors
& Estate Agents In Newcastle
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Key Information

Address "Seasalt Cafe & Bistro", 51 Central Promenade, Newcastle
Style Restaurant/Cafe
Status For sale
Price Open to offers

Additional Information

WELL ESTABLISHED BUSINESS (LEASEHOLD) FOR SALE

We are pleased to offer for sale this well established café and bistro business, which occupies a prominent position in the premier seaside resort of Newcastle.  The business has been successfully trading under the current ownership since 2015, and since then has grown from strength to strength to become a very popular café and bistro in the town.

Business and Description:

The business is located on the ground floor at 51 Central Promenade, Newcastle, overlooking the town’s picturesque seafront. The business is currently open 7 days a week from 9.00am to 5.00pm, serving breakfasts, lunches, coffee and desserts etc. The Bistro operates on Friday and Saturday evening from 5.30pm to late (and on Thursday evening during the summer).

The premises were refurbished in recent years and internally the café is finished to a very high standard. The premises have a spacious seating area can accommodate up to 30 covers. Seating is provided by freestanding tables, chairs and bench seating. There is also external seating capacity for up to 12 covers.

The premises are fully air conditioned with reversible pumps for heating.

Fixtures and Fittings:

The café, modern kitchen and food counter is fully equipped and an inventory of fixtures, fittings and equipment included in the sale will be provided upon request.

Accommodation:

Café:   400qft / 37sqm

Kitchen:   150sqft / 14sqm

Preparation Area:   120sqft / 11sqm

Storage:   120sqft / 11sqm

Cold Room

Office Area

Public and Staff WCs

Enclosed Rear Yard.

Staff:

The business currently employs a total of 14 staff, both on a full time and part time basis.

Lease Details:

The premises are leased and the current rent payable is £6,600 per annum. The landlord has confirmed a new lease (terms to be agreed) will be available to the purchaser.

We have been advised by the Land and Property Services website of the following rating information:  NAV: £6,100. The current annual rates for 2019/2020 are £3553.27 per annum.

Financial Accounts:

The business has experienced continual sales growth since the current owners took over the business in 2015. Further information in respect of yearly accounts will be provided to bona fide purchasers upon request.

Customers:

The customer base consists of walk-in trade from Newcastle and the surrounding area. A significant number of clientele are repeat customers. The business has attracted highly favourable reviews of various travel websites, including Trip Advisor.

Structure of Sale:

The sale will include all the business’s tangible and intangible assets, including all furniture, fixtures, fittings and equipment owned by the business and customary to the normal operation of the business; and the goodwill of the business and other intangible assets (i.e. business name, logo, Facebook and Instagram pages and other intellectual property).

Viewing:

Strictly by appointment with Selling Agent.

Price:

Offers are invited to acquire this leasehold café to include goodwill, fixtures and fittings and stock at valuation

 

PLEASE NOTE: All measurements quoted are approximate and are for general guidance only. Any fixtures, fittings, services, heating systems, appliances or installations referred to in these particulars have not been tested and therefore no guarantee can be given that they are in working order. Photographs have been produced for general information and it cannot be inferred that any item shown is included with the property.