

Advert ref: 10701
Bag a Business is delighted to offer for sale this thriving and highly regarded delicatessen, sandwich bar, pizzeria and coffee shop, located in such a prime trading position in the Saltwell area of Gateshead. A deli has been at the premises for over 10 years and in the careful ownership of our client for just over a year. It is only with great reluctance that the business is now coming to market due, in part, to an addition to our client's family. The business has built up a large client base, which as the house expansion plans for the immediate area continues, will only grow. Tommaso's Deli now opens on a Sunday for pre ordered food and meals, which is proving highly successful. In addition the shop has recently started staying open in the evenings on Friday and Saturday to cater for takeaway meals comprising of the highly prized pizzas that are made fresh on the premises. During the day the shop provides hot food for breakfast and lunch and makes its own bread, pizzas and pies. At present the business enjoys an annual turnover of in excess of £80,000. As the business is very much run to suit the lifestyle of its present owner, this income can easily be increased. The extra revenue from Sundays and evenings is yet to be seen in the figures for the business and further income streams could be realised by deliveries of pizzas in the evening and supplying local business with food during the day. Furthermore there is a large cellar that lends itself to be refurbished and opened as a bistro style cafe/coffee bar. This is a unique opportunity to purchase a thriving and highly regarded business, with limitless potential. Early discussions with Bag a Business must come highly recommended.
Property:Leasehold
Lease termsLeasehold Original lease length: 10 years Remaining lease length: 9 years Rent: £1,625 per quarter
Living accomodationGround floor and basement lock-up premises, occupying a prominent corner site. GROUND FLOOR Main entrance Open-plan sales area and bar with stools for customers. 2 large counters, one for hot food and one for cakes, pies and bread, etc. Pizza, pie and bread oven Double refrigerator unit Stairs leading to: Large kitchen/wash and preparation area Door to cellar Door to staff WC with basin Door to backyard LOWER GROUND FLOOR Large area with double head height. Can be used for storage or be renovated to add income to the present business. EXTERNAL Yard to rear shared with 3 other shops. Double gates allowing parking for approx 2 cars.
LocationTommaso's Deli is located in a prominent and highly desirable corner trading position on Saltwell Road, Gateshead. Gateshead is on the southern bank of the River Tyne, opposite Newcastle upon Tyne. The premises are on a busy main road with parking in the streets to the side and is close to the A1 and A184. In addition the shop is less than 2 miles from Team Valley Trading Estate, which is still one of the largest purpose built commercial estates in the United Kingdom. In addition the famous Metro Centre shopping mall is 2 miles away. The area is enjoying a building project to supply new homes and refurbish existing property on the large housing estate in which the business is located.
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Financial details
Asking price:£35,000
Sales revenue:£80,000
Net profit:Undisclosed
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed
