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Birmingham Post
Birmingham Post
Business
Tom Keighley

Prominent Newcastle city centre café Société up for sale with £65k price tag

An independent city centre café and bar close to Newcastle's Theatre Royal is up for sale.

The leasehold for Société, which was opened a year ago on Grey Street, is on the market for £65,000 as its current owner is relocating. Located next door to to Cafe Andaluz tapas bar and Greggs on the edge of Central Arcade, the venue offers about 16 covers inside and 12-16 outside covers on pavement seating.

Agents at Wallsend-based North East Commercial say the business, held on a five year leasehold from 2022, generates annual turnover of £286,000 with weekly sales of between £4,500 and £5,500. Since its launch in May 2022 the eatery has been serving coffees, breakfasts and lunches to shoppers and commuters, as well as pizzas and cocktails for night time visitors.

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