Town Centre Daytime Café Restaurant For Sale Durham, United Kingdom Advert ref: R213NE Business description
Lakey & Co are delighted to offer For Sale this busy, well established day time Café/ Restaurant. This business is situated in a prime town centre location in Eastern County Durham whose premises are presented in good order and require no additional expenditure. Currently taking around £6,000 per week with an available net profit of around £100,000 per annum, this business presents an ideal opportunity for an existing operator to further expand their portfolio with a very profitable acquisition.
Trading hours: Monday-Saturday:8.30am-5.00pm, Sunday: Closed
Property: Leasehold
Lease terms
The premises are leasehold with a current rental of £17,500 per year plus a service charge. The business rates payable are £7854 per year.
Location
This Café/Restaurant business benefits from a prominent location within a busy shopping centre, with good access and visibility. It is surrounded by both multiple and independent retailers and also benefits from good public transport links and ample free parking close to the premises.
Expansion potential
There is potential for Sunday trading as other retailers in the vicinity do trade on Sundays.
Competition / Market
The business operates comfortably with limited competition and benefits from the high footfall of the surrounding businesses.
Reasons for selling
The business is being sold for family reasons.
Financing available
This business opportunity should support finance-subject to status. Please contact Lakey & Co who can put you in touch with impartial and independent commercial finance brokers.
Related documents
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| | Financial details Asking price: £199,950
Sales revenue: £300,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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