Restaurant for sale

Morpeth, England, United Kingdom NE61

Business
Please quote reference B09081

Trading since September 2024, Another Spud Morpeth Ltd offers baked potatoes, cakes, and drinks from a prime location in Morpeth, just by Carlisle Park and the main visitor car park. The business holds a 5-star food hygiene rating.

The shop was fully renovated and includes equipment and fittings valued at £15,000. Staff are employed and supported by a strong online following of over 10,000 across Facebook and TikTok.

The site previously operated successfully as a sandwich shop for 23 years and could suit a variety of food or retail uses. The business is offered for sale due to the owner’s family health circumstances.

Location
Another Spud is currently located in Morpeth.

Premises
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One of our friendly, experienced negotiators will be in touch right away to guide you through the process.

Don’t miss the chance to snap up this fantastic cafe opportunity – businesses like this don’t stay on the market for long!

Tenure
We are advised that this opportunity is being sold on a Leasehold basis.

Hours
The business currently trades just 4.5 hours a day (11:00–3:30), serving only baked potatoes. While this model works well, it limits turnover. Extending hours to include breakfast, sandwiches, or evening trade would provide significant scope for increased revenue.

Staff
Click ‘Contact Seller’, ‘Send Enquiry’ or ‘Contact Broker’ now to find out more, ask any questions, or arrange a private viewing at a time that suits you.

Financial Profile
Turnover: £80,000 (first year)

Assets: £15,000

Rent: £2,700 per quarter