3 bedroom takeaway for sale

Park Lane, Darlington, County Durham, DL1

142 sq. m. | £39,950

Property Description

Commercial information

  • Business for sale
  • 1,528 sq ft (142 sq m)

Key features

  • REF: 12439A
  • LEASEHOLD
  • CHINESE TAKEAWAY

Full description

Tenure: Leasehold

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%.



Nearest stations

  • Darlington (0.4 mi)
  • North Road (1.4 mi)
  • Dinsdale (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Darlington (0.4 mi)
  • North Road (1.4 mi)
  • Dinsdale (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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