Licenced Restaurant in Durham City Centre For Sale Durham City, Durham, United Kingdom Advert ref: R237NE Business description
Lakey & Co are delighted to offer For Sale this well established Licenced Restaurant Business in a highly visible and prime position in Durham City Centre. Currently taking around £3,000 per week, this business would provide an excellent opportunity for a business purchaser looking to acquire catering premises in a superb location with excellent potential. The business currently operates as a Chinese restaurant but would, in our opinion, be suitable for any type of cuisine or as a tea room / coffee shop.
Trading hours: Sun-Wed 6.00pm-10.00pm,Thurs, Fri, Sat. 12.00pm-2.00pm,6.00pm-10.00pm
Property: Leasehold
Lease terms
Current rental £24,000 per annum, rates approximately £9,000 per annum
Location
This business is situated in a prime location on Saddler Street at the junction with Elvet Bridge—the main road in to Bishop Auckland. The premises are situated on the first, second and third floors and benefit from a highly visible corner location with a high resident, tourist and student population.
Expansion potential
There is definitley an opportunity to expand the opening hours and build upon the limited takeaway service currently offered.
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: £89,950
Sales revenue: £160,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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