Licenced Restaurant & Take Away In County Durham For Sale Bishop Auckland, Durham, United Kingdom Advert ref: R228NE Business description
Lakey & Co are delighted to offer For Sale this busy, well established licenced Restaurant with Takeaway. This business is situated in a busy and prominent location in Bishop Auckland and the premises are presented in good order. Currently taking around £3,500-£4,000 per week, this business presents an ideal opportunity for an existing operator to further expand their portfolio or for a chef looking at buying their first business. The premises may also be suitable for conversion to a full takeaway – the current takeaway part of the business has its own side entrance.
Trading hours: Wednesday-Sunday: 5.30pm-10.45pm
Property: Leasehold
Lease terms
The premises are leasehold with a current rental of £6,500 per year. The business rates payable are £3095 per year.
Location
This Restaurant & Takeaway business benefits from a prominent corner location, 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 directly in front of and close to the premises.
Expansion potential
This Restaurant / Takeaway currently operates short hours and there is definite potential to increase business by opening more evenings and lunchtimes. Due to the prominent location there is also scope to increase the takeaway business and perhaps to start deliveries. The premises would be equally suitable for any type of cuisine.
Competition / Market
The business operates comfortably with limited competition and benefits from the high footfall provided by the busy main road location and high local population
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.
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| | Financial details Asking price: £49,950
Sales revenue: £200,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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