Tokyo

Descripción

Tokyo has been trading since 2004 and has been a stalwart of the city's leisure scene for two decades. A sophisticated, late night cocktail bar, boasting an impressive, innovative menu and offering live DJ's six nights a week as well as the most famous beer terrace in the city.

Ubicación

Tokyo is situated on Westgate Road, in the heart of the city centre. Newcastle Central Station - 0.2 miles Collingwood St - 100 yards Bigg Market - 0.2 miles Grey St - 0.3 miles Greys Monument - 0.4 miles Pilgrim St - 0.3 miles Quayside - 0.5 miles St James' Park - 0.6 miles

Zonas Comunes

Basement - Beer cellar & customer toilets Ground floor bar - c.60 seated plus vertical drinking First floor bar (inc. beer terrace) - c.60 seated plus vertical drinking Second floor - storage Third Floor - offices Fourth floor - attic Please refer to floor plans for further breakdown

Mobiliario, equipamiento e instalaciones

We are advised that all fixtures, fittings & equipment are owned outright and will be included in the sale, subject to an inventory.

La oportunidad

The sale presents a rare opportunity to acquire a business premises with the benefit of a late license, on a freehold basis. Tokyo is available as a going concern, but the opportunity is equally well suited to an operator looking to acquire a site for their own brand.

Datos económicos

Accounts for year ended March 2025 show a net turnover of c. £700,000, producing an Adjusted Net Profit of c. £168,000. Full accounts can be provided to seriously interested and proceedable parties upon request,

Horario de apertura

The business currently trades from 7pm - 2am Tuesday - Sunday and is closed on a Monday.

Tenencia

Freehold

Datos comerciales

The current Rateable Value, as per April 2023 ratings list is £87,000. Confirmation of actual rates payable should be sought from the Local Authority, Newcastle City Council.

Licencias

The site benefits from a robust premises license (very difficult to obtain in Newcastle), offering the sale of alcohol for retail from 10am til 2am and Late Night Refreshment til 2.30am. A full copy can be provided upon request.