RESTAURANT BUSINESS FOR SALE, NEWCASTLE, NE2

An exciting opportunity to acquire an established and fully fitted restaurant business in the popular Spital Tongues area of Newcastle upon Tyne.

The business is available for £80,000, with a new lease offered at an annual rent of £15,600, equivalent to £1,300 per month.

The premises are fully equipped and ready for continued restaurant operation, making them suitable for an experienced operator, first-time restaurateur or food and beverage business seeking an established trading location.

The restaurant reportedly generates an approximate weekly turnover of £10,000, including around £9,000 in card sales and approximately £1,000 from Just Eat and delivery orders.

The premises include a customer dining area, service and bar area, established commercial kitchen, fixtures, fittings and equipment. The business also benefits from Class E planning use and an alcohol licence permitting sales between 9:00am and 10:00pm.

Currently trading five days per week and closing on Sundays and Mondays, the restaurant presents considerable potential to increase turnover through longer opening hours, expanded takeaway and delivery services, enhanced food offerings and a stronger online presence.

Location

Located on Morpeth Street in Spital Tongues, the restaurant occupies a popular position close to Newcastle city centre. The surrounding area has a strong mix of residential and student populations, supporting both dine-in and takeaway trade.

Lease Information

A new lease is available to the incoming purchaser. Full lease terms are available upon request and will be subject to negotiation and landlord approval.