Businesses For Sale
Food
Pizza Restaurant Opportunity
Sandyford
£80,000 (Leasehold)
REF: NE2190
Location
The business is located on Starbeck Avenue, one the main routes running through this popular suburb to the east of Newcastle City centre. This part of Sandyford is home to a range of food and restaurant outlets and is a popular destination which provides easy access from the City centre, Jesmond and Heaton.
Business
This is an extremely successful and well-established pizza restaurant which has been operating from this site for the last 7 years. This site has been placed on the market as our clients wish to reduce their commitments.
The premises are in good order and the premises were refurbished prior to opening in 2019. The ground floor is configured to provide two separate spaces with the main dining area on the left as you enter and the kitchen and prep space to the right.
The central location attracts a broad range of customers that include students, young professionals and families.
The current menu is almost solely pizza based but there is no restriction on what can be sold, other than by the equipment currently in the kitchen area. The business trades on relatively short hours by choice and there is scope for a new owner to offer a lunch service.
Viewing is strongly recommended to fully appreciate the location and strong customer base already in place.
Premises
Comprises the ground floor of an end-terrace building;
Ground Floor (65 sq.m.)
Restaurant Seating circa 30 covers
Open Kitchen / Prep
Toilets
External
Patio Seating circa 36 covers
There is a secure storage facility nearby at 7 Back Goldspink Lane which is included in the proposal.
EPC
Rating E.
Current Trading Hours
Monday - Friday 5.00pm – 10.00pm
Saturday - Sunday 12.00pm - 10.00pm
Staff
Currently operated entirely under management.
Fixtures & Fittings
A full inventory would be made available prior to an exchange of contracts.
Rates
The premises are assessed as follows:
Rateable Value £13,000
Rates incentives available subject to status.
Tenure
Starbeck Avenue: held on a 7 year lease from 1.11.25 with rent reviews at the 3rd & 6th years. The rent is £17,000 pa.
Back Goldspink: held on a 6 year lease from 30.4.25 with a break clause at the 3rd year and rent reviews at the 3rd & 5th years. The rent is £5,544 pa.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser/Tenant will be required to provide two forms of identification and proof of the source of income.
If you'd like to know more about how we work, give us a call on 0191 487 8566, we're always happy to help.
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