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Superb Cafe for sale in Newcastle upon Tyne

Newcastle upon Tyne, Tyne and Wear

Asking Price £88,000
Turnover £182,000

Business overview

This is a popular Cafe Gua Bao & Noodle House taking circa £3,000 - £4,500 a week.

Business details

  • Property type
  • Net profit
  • Accomodation
  • Staff
  • Rent per annum

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Business description

This is a popular Cafe Gua Bao & Noodle House. The business has sales circa £3,000 - £4,500 a week. The premises are currently laid out for 53 covers though it can seat 60 depending on the seating arrangement. There is a massive scope for growth with continued building works in the immediate vicinity. The near by Newcastle University’s Science Park is rapidly opening new buildings, stretching from St. James Park across to West Road. There are lots of new residential building plans recently granted permissions for major apartment complexes including what will be Newcastle's second tallest building which will have 162 residential apartments backing onto the businesses premises.

The business is facing The West Walls with planned grass verge works promised in a council deal with developers of the new sky scraper.
The floor area extends to over 1,000 sq.ft. (100sq.m) plus a basement area.

They have strong social media presence including; Facebook - www.facebook.com/meetandtreat, Instagram - mnt_ncl, twitter - @meetandtreat and their own website - www.meetandtreat.co.uk.

They were awarded the Trip Advisor Certificate of Excellence 2017 and have recently gained a majority 5* reviews and rank 198 in Newcastle.

They also feature on Google Business with an average rating of 4.6 out of 5 and have paid for the 360 interior views on Google maps.

Please take a look inside https://www.google.co.uk/maps/place/Meet+%26+Treat/@54.9714274,-1.6215137,2a,75y,186.77h,84.5t/data=!3m6!1e1!3m4!1sx1d3ztnN0EMAAAQ7LraVpQ!2e0!7i12416!8i6208!4m5!3m4!1s0x487e774abedaea13:0xe0c5168a843f29b6!8m2!3d54.971538!4d-1.621506


The business premises are also suitable for other cuisines.

Superb opportunity, ideally for a hands on owner operator.

The owner would consider selling part of the business to an investor then apply for an alcohol license and introduce solo artists, playing mellow guitar tracks we currently play through our sound system.

The entire venue was stripped out, redesigned and completely newly fitted out, including electrical wiring and circuit boards.

They created a feature wall mural which many visitors take pictures of and capture our social media names. They also commissioned the painting of a replica of the famous Little Children on a Bicycle by Ernest Zacharevic in George Town, Penang.

The asking price of £130,000 includes all fixtures and fittings. A newly jotted out kitchen as well as lots of stock of extra teapots, cups and crockery included.

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