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Restaurant/cafe for sale

£37,500

109 Park Lane, Darlington DL1

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Property description

Business
Hilton Smythe is delighted to welcome to the market this well established and popular Chinese takeaway business, which is ideally located within the town of Darlington, County Durham.

The business has been in our client’s careful ownership since 2005. Only now is the business being offered to the market due to our client’s desire to move away from the area and family commitments. The business currently operates 6 evening per week and generates a turnover in the region of £115,000 per annum, with a gross profit of approximately 65%.

Our client offers a wide variety of Szechuan and Cantonese fayre to takeaway, as well as offering a delivery service. The takeaway is also a member of Just Eat and Hungry House. The property boasts 142 sq. Metres of floor space, with the main shop and kitchen to the ground floor. The first floor offers spacious owners’ accommodation with a living room, bathroom and two bedrooms, the attic space has been converted into a double bedroom.

The business has built up an enviable reputation within the area for the high quality of the food and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering a lunchtime service. A new owner could also embark on a modest marketing campaign to promote the food and services offered. The business would further benefit from the launch of a website to advertise the business.

This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

Location
Maxim’s Chinese Takeaway occupies substantial two storey premises, ideally located within the market town of Darlington, County Durham. The business is surrounded by densely populated residential areas, from which the business much of its trade. The business benefits from a very high volume of footfall and passing trade, as well as free on-street parking to the front and side of the premises.

Darlington is a popular market town in County Durham. According to the 2011 census, the town had a residential population of 106,000. The town lies on the small River Skerne, a tributary of the RiverTees, not far from the main river. Darlington has been subject to increasing amounts of investment in recent years, with Darlington town centre being modernised.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Darlington railway station is just over 5 minutes’ walk away. The area is also well served by the a-roads, with both the A167 and A68 being within easy driving distance of the property, which link to the national a-road and motorway networks. Durham is approximately 20 miles away and Middlesbrough is 18 miles away.
Premises
Substantial two storey premises in an ideal trading position, briefly comprising:

Ground floor with:

Customer seating area.

Main serve over counter.

Storage area behind counter,

Commercial kitchen

Store room leading to garage with a chest freezer (also used for storage).

Stairs leading to owners’ accommodation, which also has a separate entrance.

First floor with:

Living room.

Bathroom.

Double bedroom.

Single bedroom.

Stairs to attic space and second double bedroom.

Equipment included:

All general fixtures and fittings.

Kitchen equipment including a three wok burner, 6 x burner range cooker, 2 x deep fat fryers, standing heater, salad refrigerator, 2 x refrigerators, 2 x chest freezers and an upright freezer.
Tenure
We are advised Leasehold:

Original lease length: 25 years

Remaining lease length: 15 years

Rent: £800 per month
hours
The business is open:

Monday: Closed

Tuesday – Sunday: 5.30pm – 10.30pm
staff
The business is owner run and managed with 3 x part time staff members.
Financial profile
The business generates a turnover in the region of £115,000 per annum, with a gross profit of approximately 65%.

What Zoopla users think of Darlington

Overall rating:

  • currently 3.5 stars
Good - 74% (145 ratings)

Ratings breakdown:

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Nearby transport

  • Darlington (0.4 miles)
  • North Road (Darlington) (1.5 miles)
  • Dinsdale (3.3 miles)
  • Durham Tees Valley Airport (4.8 miles)
  • Newcastle Airport (36.6 miles)
  • Leeds Bradford International Airport (45.1 miles)
  • Transporter Bridge South Side (13.7 miles)
  • Transporter Bridge North Side (13.8 miles)
  • Newcastle International Ferry Terminal (33.3 miles)

Nearby schools

View all schools in Darlington
  • Skerne Park Academy (0.2 miles)
  • The Rydal Academy (0.4 miles)
  • St John's Church of England Academy (0.6 miles)
  • Queen Elizabeth Sixth Form College (1.0 mile)
  • Darlington College (1.1 miles)
  • UTC South Durham (5.7 miles)
  • Polam Hall School (0.6 miles)
  • St Aidan's Church of England Academy (1.0 mile)
  • Carmel College (1.7 miles)
Note: Distances are straight line measurements

Local info for Darlington

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For more information about this property, please contact
Hilton Smythe Commercial, BL1 on +44 1204 351867 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Commercial, and do not constitute property particulars. Please contact Hilton Smythe Commercial for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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