ATTRACTIVE BUSINESS OPPORTUNITY

Berwick-upon-Tweed, Northumberland

GOODWILL: Offers over  £28,000


Quick Summary

Price £28,000
City Berwick-upon-Tweed
Status New
Size (Acres)
Beds
Bathroom
Garden
Parking Spaces
Period

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Contact

Galashiels Office
01896 751300

General Information
Attractive Food Retail Business Opportunity situated in a good trading position within Berwick-upon-Tweed town centre.

Berwick-upon-Tweed is located in Northumberland in the north of England with a population of approximately 13,500.  The town is situated approximately equi-distant between Edinburgh to the north and Newcastle-Upon-Tyne to the south (approximately 65 miles each way).

Berwick-upon-Tweed is served by both the A1 trunk road providing good access to the national roads network and the main line East Coast Railway giving regular access to Edinburgh and Newcastle-upon-Tyne (approximately 45 minutes) and London (approximately 3 and a half hours).

Although a relatively small town, Berwick is regarded as a principal market town serving north Northumberland and the eastern Scottish Borders ( a catchment of around 42,000) offering a full range of retail, leisure and financial services. The town also has a significant tourist sector, with the towns population reported to double during the summer months with an influx of seasonal visitors.

Description
A ground floor unit within a Grade II Listed 19th century three storey terraced building within Berwick-upon-Tweed’s Conservation Area.

This is a single fronted unit with offset entrance door providing excellent window frontage to Bridge Street.  Internally, the unit has benefited from a modern fit out as a deli/food takeaway.

Accommodation
Front shop with service counter; preparation room with fixed worktop and stainless steel wash hand basin; kitchen fitted with modern base units complete with worktop incorporating two stainless steel sink units.  External door to the east providing access to external wc fitted with low flush unit.

The unit has a modern fitout and is presented in good order throughout.

Areas
The subjects have been measured in accordance with the RICS Code of Measuring Practice to the following floor areas:

Net Internal Area: 34.88 sq m (375 sq ft)
In Terms of Zone : 27.91 sq m (300 sq ft)

Rateable Value
The current Rateable Value is £3,000.

Under the small business rate relief scheme (SBRR) the subjects should be eligible for up to 100% rates relief.

The Business
A thriving and very profitable sandwich shop which has diversified to include a growing delivery round and outside catering service supplying local businesses and functions.

Successfully trading for almost 8 years. Strong trading position. Immaculately presented premises. Enviable reputation. Low rent and no business rates. The business has been trading short hours offering scope to further increase takings through extending opening hours, trading Sundays, expanding the menu and increasing the outside catering business. Average figures during the previous three financial years:

Turnover: £93,267 per annum
Net Profit: £31,600 per annum

Trading hours: Monday – Saturday 8.30 am – 2.30 pm; Sunday   Closed

Price
Offers over £28,000 are invited for the business goodwill, fixtures and fittings.

Rental
Current passing rent £450 pcm on FRI terms. In the normal manner, the ingoing tenant will be liable for any Stamp Duty, registration dues and VAT thereon.

Entry
On completion

VAT
Unless otherwise stated the prices quoted are exclusive of VAT.  Any intending purchasers must satisfy themselves independently as to the instances of VAT in respect of any transaction.

Legal Costs
Each party will be responsible for their own legal costs incurred in connection with this transaction.

Viewing
By appointment with the sole agents:

Edwin Thompson, Chartered Surveyors
E-mail: [email protected]

Well Established Food Retail Business
Excellent reputation
Loyal trade with regular repeat trade
Scope to increase trading hours and further diversification of the business
Well suited to compatible operators seeking to expand or lifestyle purchaser

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