Restaurant/cafe for sale in Duke Street, Darlington DL3

Restaurant
Busy town centre location
Excellent condition
Two trade areas
Great potential
£500,000 net turnover

Oven is situated in in the heart of Darlington. This market town is a popular location with high street shops, bars and restaurants. Darlington is easily accessible by car via the A1 and the train station is just a short walk from its popular shopping areas. This busy site offers ample passing trade from retail shoppers and visitors to the town centre. The business is housed in a large mid-terrace building under a pitched slate roof. There are three trade areas spread over two floors. The property briefly comprises:-

Reception leading to the main dining area to seat 40 with a modern bar servery, wood floor, industrial lighting and air-conditioning.

At first floor there is an additional dining room, seating 50, which could used for used for private dining or functions.

Ladies’ and gentlemen’s toilets on the first floor and an easy access toilet on the ground floor.

Fully equipped commercial kitchen with separate dishwashing and prep room, walk-in cold store and dry store room.

Our clients have turned this British/European restaurant into a very successful business with a reputation as one of Darlington's best restaurants offering freshly cooked food at a reasonable price. Currently opening 6 days per week with an approximate net turnover for year ending 2022 of £500,000, this business is a very profitable operation.

Leasehold to include goodwill and fixtures and fittings. Stock at valuation in addition.

The Oven is held on a part repairing and insuring lease from a private Landlord for an open term. The Landlord will grant a new lease and agree new terms with the prospective buyer. The lease falls within the security provisions of the Landlord & Tenant Act 1954 and is fully assignable. Rent £24,000 per annum which includes insurance, paid monthly in advance. An incoming party will be required to provide personal guarantors. Free of all trade ties.

No direct approach to be made to the business; please direct all communications through Sidney Phillips.

Viewing strictly by appointment only.