Crown Buttery Restaurant in Darlington Durham up For Sale, High Growth Potential
Darlington, County Durham
- Status
FOR SALE
- Date Submitted:
14/08/23
- Advert ID
518087
- Reference
14796_H / Rightbiz
- Call Agent:
- Leasehold: £9,995
- Turnover: £150,000 (£2,885 Per week)
- Net Profit: £35,695 (24% Profit margin)
Business Details
Popular Restaurant With Massive Potential To Grow
BusinessPlease quote reference 14796
CoGoGo 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 - To be negotiated with the landord.
We are advised that a new lease will be available.
Hours
Monday - Friday 9am until 3:30 pm
Saturday 9am until 4pm
Closed Sundays for the foreseeable future.
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 £150,000 based on the 2019 accounts, with a net profit in the region of £35,000.
Please quote reference 14796
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
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