Popular Restaurant In A Durham Village, | | Bishop Auckland County Durham | | The current owners have operated the restaurant for the last 15 years and have a good reputation. The business currently only trades 5 days a week on limited hours. The property has full planning permission to change the pub into a 5 bedroom house. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 44144
ADVERT IMPRESSIONS : 19,167 TIME(S) | | | | BUSINESS SECTOR: | Commercial Property | | TRADE TYPE: | Licenced / Leisure | | SALE: | Agent Sale | FREEHOLD: | £200000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | * Substantial property in rural setting with large car park
* Well established restaurant with good reputation
* Currently trading 5 days per week on short hours
* Excellent gross profit margins with strong net profits
* Planning permission to convert into a 5 bed house
SITUATION
The property is located in the rural village of Newfield approximately 3 miles from the town centre of Bishop Auckland.
Bishop Auckland lies less than 10 miles south of the historic Durham City Centre.
BUSINESS
Our clients have owned and operated the business for the last 15 years. Formerly open as a public house the owners were quick to realise the potential in place to develop a restaurant. The business has a good reputation and many repeat customers who travel from the surrounding areas to take advantage of the quality food on offer.
The property is very well decorated throughout and has had a large extension added to the rear of the property 10 years ago. The premises have also been fully updated with new double glazing throughout.
The trading area has laminated wood flooring and provides 40 covers comfortably set up to allow privacy when dining. The restaurant has wooden beamed ceilings, an open fire and a small ‘L’ shaped wooden bar.
Off the main restaurant is a waiting or coffee room which has sofas and a large feature Rayburn. There are male and female toilets which are also suitable for the disabled.
The business would be ideal to continue trading as a restaurant or to change it back into a pub style operation. The property also has the added benefit of full planning permission for change of use into a residential property consisting of 5 bedrooms. Full drawings are available on request.
KITCHEN
The commercial kitchen is fully fitted with stainless steel appliances, large extractor hood, wash and prep areas together with numerous fridges and freezers as well as a dry store area.
OWNER’S ACCOMMODATION
The owners’ accommodation comprises of a first floor flat that is modern throughout with 3 large bedrooms (one used as a study) with fitted wardrobes, large bathroom with separate bath and shower, fitted kitchen, lounge/dining room.
EXTERNALLY
There is a large car park to the rear of the property for up to 30 cars. The property also has ample storage as the owners have a large garage as well as use of the substantial beer cellar.
TRADING HOURS
Tuesday to Saturday
12noon – 3pm & 7pm – 11pm
We are advised the licensed hours are:
Monday to Thursday 11am – 11pm
Friday & Saturday 11am – 12midnight
Sunday 12noon – 3pm & 7pm – 10.30pm
FIXTURES AND FITTINGS
We are advised the fixtures and fittings are owned outright.
STAFF
The business is operated by our clients as a partnership together with the assistance of 3 part time members of staff.
LICENSES
The property has a full premises license which permits the opening hours as stated above. The license does not allow children under the age of 12 in the premises at any time.
TRADING INFORMATION
The business produced a net turnover circa £100,000 for the year ending March 2007 with net profits in excess of £30,000.
Accounts will be made available to any genuinely interested parties who have viewed the business through Moralee & Co.
TENURE
Freehold.
RATES
The rateable value of the premises is £4,300 with the rates payable for 2008/2009 being £985 as they benefit from small business relief at 50% discount.
SERVICES
We understand that the property has all mains services.
VIEWING
As this business is being confidentially marketed, all viewings must be made through this office. No direct approach should be made to the owner or the business itself.
MISREPRESENTATION ACT 1967 & PROPERTY MISDESCRIPTION ACT 1991
These particulars are provided only as a general outline of the property referred to. Parties should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above. | | | | | | FOR SALE | | | | | REFERENCE: | 1715 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
