Leasehold restaurant for sale in Darlington County Durham
Darlington, County Durham
- Status
FOR SALE
- Advert ID
645119
- Reference
94266 / Rightbiz
- Call Agent:
- Leasehold: £55,000
- Rent: £24,000 (£2,000 per month)
- Turnover: £500,000 (£9,615 per week)
- Profit: Not Applicable
Business Details
DURHAM LEASEHOLD RESTAURANT IN DARLINGTON
Restaurant
Busy town centre location
Excellent condition
Two trade areas
Great potential
Location:
Situated in the heart of Darlington. This market town is a popular location with high street shops, bars and restaurants. Darlington is easily accessible by car via the A1 and the train station is just a short walk from its popular shopping areas. This busy site offers ample passing trade from retail shoppers and visitors to the town centre. The business is housed in a large mid-terrace building under a pitched slate roof. There are three trade areas spread over two floors. The property briefly comprises:
Property:
TRADE AREAS:
Reception leading to the MAIN DINING AREA which seats 40 and has a modern BAR SERVERY, wood flooring, industrial lighting and air-conditioning.
At first floor, there is an additional DINING ROOM which seats 50 and could be used for private dining or functions.
There are LADIES’ and GENTLEMEN’S TOILETS on the first floor and an easy access toilet on the ground floor.
Fully-equipped COMMERCIAL KITCHEN with separate dishwashing and prep room, walk-in COLD STORE and DRY STOREROOM.
Licence:
A full Premises Licence is held.
Services:
All mains services are connected.
Local Authority: Darlington Borough Council.
Rateable Value: £18,000 as of 01 April 2023.
Business:
Our clients have turned this restaurant into a very successful business; it is reputed to be one of Darlington's best restaurants, offering freshly cooked food at a reasonable price. It is currently open six days per week. With an approximate net turnover for the year ended 2022 of £500,000, this business is a very profitable operation.
Tenure:
LEASEHOLD £55,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.
The business is held on a part repairing and insuring lease from a private Landlord for an open term. The Landlord will grant a new lease and agree new terms with the prospective buyer. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent is £24,000 per annum (including insurance), paid monthly in advance. An incoming party will be required to provide personal guarantors. Free of all trade ties.
Contact Agent
Map
What's Nearby
Listing Statistics
Advert Statistics Graph
Contact the seller for more details, or book a viewing
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
