Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

Licensed Restaurant In Durham City For Sale

Durham City, County Durham, UK
Asking Price:
£69,950 Furniture / Fixtures included
Turnover:
£200,000
Net Profit:
Not applicable

• Lower floor premises just off Silver Street.
• Sales in excess of £4,000 weekly on short hours.
• Currently Italian but suitable for other cuisines.
• Scope to develop trade and extend hours.
• Circa 60 covers with basement kitchen.
• Ideal for owner operator or family.
• Asking price £69.950 / offers.

Property Information

Property:

Leasehold

Lease Terms:

We are verbally informed that the premises are held on a lease from June 2018 at a current rent of £25,000 per annum. There is a break clause at the 5th anniversary.

Leasehold Rent:

£25,000 per annum

Location:

The premises are located just off Silver Street which is the main route running from Market Place towards Framwellgate Bridge. Durham is a busy City approximately 15 miles due south of Newcastle upon Tyne with the benefit of a mainline railway station and direct access to the A1(M). The River Wear loops round the Romanesque Cathedral and the Norman Durham Castle. There is highly reputable University and all these factors draw visitors and tourists into the City throughout the year.

Surrounding Silver Street the immediate area is a mixture of retail, leisure, office and residential accommodation and there is currently significant investment taking place nearby with the re-development of Milburngate Shopping centre and the construction of a cinema complex.

Premises Details:

The premises comprise the lower ground and basement floors of an end - terraced five storey property located within the confines of Durham City just to the South of the River Wear. The immediate occupiers include Cotswold Outdoor, Superdry and Tesco Metro plus various independents.

The business has been operating since early 2018 as an Italian Trattoria having previously run as a tea and coffee shop. Our client refurbished and refitted the premises on acquisition but have recently set up a bar and this is now taking up their time and energy. The premises could be suitable for a variety of uses but could not operate as a Tapas or Spanish restaurant as it would compete with another interest.

There is scope to open the restaurant during the day and it would lend itself well to a variety of leisure uses that would benefit from the licensed element.

Accommodation

Lower Ground Floor
Restaurant Area circa 505 sq.ft. (47 sq.m.)

Basement
Kitchen circa 130 sq.ft. (12 sq.m.)
Ladies Toilets
Gents Toilets

Energy Performance Rating:
D

Business Operation

Reasons for selling:

Other business commitments.

Trading hours:

Sunday – Saturday 5.00pm – 11.00pm

Employees:
Can be sold free of staff.

Contact North East Commercial

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here