Restaurants for sale in Darlington

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Popular Restaurant With Massive Potential To Grow

Darlington, England

  • Leasehold Price: £69,995  Price Reduced arrow_drop_down
  • Turnover: £180,000
Seller Reference: 14796 H
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 14796 H
Request Details
Business Description
Business
Hilton Smythe are delighted to welcome to the market Crown Buttery, a well-established and popular café business based in Darlington. The business was established by our client in the 1970s and is only now offered to the market, reluctantly, due to our client's desire for semi-retirement.

The business operates 7 days per week and generates a turnover in the region of £180,000 per annum, with a net profit of approximately £36,000.

Crown Buttery offers a wide variety of high quality, home-made produce including full breakfasts, Panini's, baguettes, salads, soups, and desserts. The business has built up an enviable reputation within the area for the high quality of the fayre offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth footfall.

We feel there is fantastic scope to increase the turnover by extending the opening hours of the business, as well as expanding the range of cuisine offered. A new owner could add a website and also embark on a small marketing campaign to highlight the business and fine produce offered with the addition of a local delivery service. This is an excellent opportunity for a new owner to take this already thriving and busy café business to the next level; therefore, early viewing must come highly recommended.

Location
The business is located in Darlington, surrounded by a wealth of complimentary shops and businesses.

The immediate locality of the business is well served by public transport systems, with several bus stops within easy walking distance of the property and several railway stations nearby, the closest being Darlington Railway station which is just a 10 minute' walk. There's a main bus link to and from surrounding towns such as Stockton-On-Tees.

The area is also well served by major A-roads, with the A68 and the A167 being within short driving distance of the business, which links to the A1 and wider motorway network.

Premises
The premises briefly comprise;

Ground – Retail Zone A and Kitchen
First – Mess / Staff Room, Café and Staff Toilets
Second – Store
Third – Store
Basement – Store

Tenure
We are advised the business is to be sold on a Leasehold basis with the following terms.

Original lease length: 10 years.
Lease ending: End of 2018
Rent: £17,750 per annum

We are advised that a new lease will be available.

Hours
Monday - Saturday 8.00am-4.30pm
Sunday 11.00am-3.30pm

Staff
The current business owners run the day to day business and are assisted currently by 6-part time staff members.

Financial Profile
Crown Buttery generated an advised turnover of circa £180,000 based on the 2016 accounts.

Tenure:
Leasehold
Listed by:
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