Well Established Darlington Licensed Town Centre Cafe For Sale Durham, United Kingdom Advert ref: R506NE Business description
We are delighted to offer for sale this real gem of a business currently taking £3200 per week (inc VAT). The business is well established and is only now being offered for sale due too early retirement. This licensed café cum restaurant achieves a good level of turnover with no evening openings and there is clear potential to expand the opening hours and potentially develop additional evening business.
The current essence of the business is quality food and wine at reasonable prices and the business benefits from an excellent reputation both locally and further a field.
The business benefits from a secure lease at a rental of only £200 per week and occupies a suberb town centre location in a busy and thriving County Durham market town.
The available net profit (i.e. after adding back finance costs, depreciation and other expenses) is circa £40,000.
Trading hours: Currently only open day times with huge scope for evenings and Sundays.
Property: Leasehold
Lease terms
10 year lease from 2008 with 3 yearly rent reviews
Living accomodation
There is potential living accommodation subject to consents being obtained
Location
This business benefits from a prime location in the Town Centre benefitting from a high pedestrian footfall.
Reasons for selling
Retirement
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| | Financial details Asking price: £75,000
Sales revenue: £166,400
Net profit: £40,000
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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