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Long Established Highly Rated Cafe/Restaurant In Barnard Castle For Sale

Barnard Castle, County Durham, UK
Asking Price:
£140,000
Turnover:
Available on request
Net Profit:
Available on request

This business is located in a very popular tourist location in Barnard Castle on the Edge of North Yorkshire. With local attractions including the ruins of an old 12th Century Castle. This town has been visited by many notable names over the centuries including Charles Dickens, William Wordsworth and more recently by an ex-advisor to the Prime Minister. Barnard Castle records best ever year for tourists as detailed in the BBC news, this cafe was also featured on ITV News in a recent article covering the increase in tourism in the area.

The business has been running for the past 30 years and is a very popular destination for locals and tourists alike, recently moving premises to a more prominent location in the town has meant a significant increase in takings for this family run business. The current owners are reluctantly now wishing to retire from the business as it is now getting too much for them. The current turnover of the business is now in excess of £250,000 and growing following the relocation. With a very reasonable rent of £18,500 this is an opportunity too good to miss out on.

Following a complete renovation of this old bank the owners have transformed the premises into a beautiful and warm restaurant with an outdoor area to the rear that can accommodate 30 guests. Consisting of a spacious seating area through the main entrance with a good sized counter moving through to a large main kitchen and a further smaller more cosy seating area with a further 16 seats and through to a second smaller kitchen / staff area. The basement also still has the old bank vault. The restaurant runs purely on electricity therefore saving on costs.

Currently shop sales average £5,500 per week approximately although this is with short hours and closing on a Thursday, huge scope to increase sales rapidly to in excess of £10k per week by having evening service and opening on Thursdays.

The landlord would be open to discussion for the lease of the whole property, giving a further 2 floors of space.

Property Information

Property:

Leasehold

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