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The Raby Hunt, Summerhouse, Darlington, County Durham, DL2 3UD

£750,000

Business rates & charges may apply

Christie & Co, Pubs & Restaurants
SIZE

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SECTOR

Restaurant for sale

Key features

  • Quintessential village setting
  • Superbly fitted & immaculately presented
  • Five double ensuite letting bedrooms
  • Scope to introduce owners accommodation
  • Average t/o for last 2 years: £1,098,807p/y
  • Grade II Listed. EPC Rating C
  • Christie & Co Ref: 6450523

Description

Description

Set in a pretty rural village, this former drovers' inn was previously part of the Raby Estate.

The Raby Hunt is a superb example of a state-of-the-art restaurant decorated in a contemporary style, fully fitted
with cutting-edge equipment and high end furnishing. The property is in turnkey condition, and able to trade
immediately without any need for investment.

Location

The Raby Hunt occupies a prominent roadside position in the quant village of Summerhouse, in Country Durham.
Darlington town centre is around 6.5 miles to the east, Barnard Castle 11 miles to the west and the Cathedral
City of Durham 25 miles north.

Nearby attractions include, the 14th Century Raby Castle & Estate, the world famous open-air Beamish
Museum, and Bowes Museum. The North Pennines Area of Outstanding Natural Beauty is within 20 miles and the
Yorkshire Dales and North York Moors National Parks are all within 40 miles.

Internal Details

Entering from the car park, you are met with an insight in to the working kitchen. Once over the threshold,
the reception area affords guests the opportunity to hang their coats and make themselves comfortable.
Immediately to the left is the 'Chef's table' with a front row seat in to the state of the art kitchen where the Head
Chef and the team work meticulously to prepare the best food for miles around. A real show-piece.

Beyond is an elegant restaurant, currently set up for 30 covers.

Beyond is a wine tasting area, with a high table seating six. Again this could be repositioned as a snug or private
dining area.

Fixtures & Fittings

We are advised that all fixtures, fittings and equipment are free from hire/ lease purchase and included in the sale, subject to an inventory.

Letting Accommodation

There a five double en-suite letting bedrooms all individually designed and decorated, offering luxury accommodation to guests.

External Details

Ample parking for the size of the operation to the front and the rear of the property. Growing area within courtyard.

Owner's Accommodation

There is opportunity to separate two of the letting bedrooms off to create wonderful owners accommodation. This would have no impact on the remainder of the restaurant trade area or the other three letting bedrooms.

Both en-suite, the rooms are in immaculate condition and require no investment.

Subject to Planning Permission.

The Opportunity

The Raby Hunt presents a superb opportunity for a restaurateur to purchase a 'best in class' premises which
was established as a high-end eatery in 2009, gaining it's first Michelin Star in 2012 and a second in 2017 under the stewardship of Chef Patron, James Close.

Fantastic opportunity to purchase a formerly top-rated restaurant in the UK, once voted 4th best restaurant in the UK by Good Food Guide and previous holder of 2 Michelin Stars.

Equally, if somebody wanted to reposition the business as a more traditional restaurant operation then this is more than feasible. The property could also be converted into a stunning Bed and Breakfast.

Chef-Patron, James Close has taken the decision to sell the business and property to pursue an exciting new venture.

FOR SALE: £750,000
The freehold interest in the Property, along with all fixtures, fittings & equipment (inventory available on request) along with the ‘RABY HUNT’ title, domain name and intellectual property, including social media following etc.

TO LET: Price/Rent on application
The Raby Hunt is offered, TO LET on a Full, Repairing & Insuring basis.

The owners would consider any lease length within reason but would look for a minimum three-year commitment from an incoming tenant.

As part of the leasehold deal, the Landlords offer FOR SALE, all fixtures, fittings & equipment (inventory available on request) along with the RABY HUNT title, domain name and intellectual property, including social media following etc.

If an interested party was not inclined to purchase the above, there may be an opportunity to structure a deal whereby the Landlord retained ownership and the tenant is responsible for repair, maintenance & replacement of the same.

Further terms are to be negotiated.

We would encourage any potentially interested party to contact us to discuss the matter in more detail.

Trading Information

The average turnover (net of VAT) for the last two years is £1,098,807 per year and the average adjusted net profit for the last two years is £203,690 per year.

Further, more detailed trading information can be provided to seriously interested, proceedable parties on request and subject to signature of an NDA.

Business Rates

The Rateable Value as per the April 2023 list is £20,000. Confirmation of actual rates payable should be sought from the Local Authority.

Regulatory

Premises License.

Energy Performance Certificates

EPC 1

Brochures

The Raby Hunt, Summerhouse, Darlington, County Durham, DL2 3UD

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Shildon Station4.6 miles
  • Heighington Station4.8 miles
  • Newton Aycliffe Station5.1 miles

About Christie & Co, Pubs & Restaurants

Whitefriars House, 6 Carmelite Street, London, EC4Y 0BS

We’re the leading specialist advisor for buying and selling businesses in our sectors - hotels, pubs, restaurants, childcare, healthcare, convenience retail, leisure and medical.

If you’re looking to buy or sell a business in our specialist sectors – from a pharmacy in Sussex to a hotel in Austria – our expert advice and collaborative support will help you achieve your goals. You may be an independent first-time buyer or a multinational adding to your portfolio; either way, you’ll discover that our personalised service is focused on helping you achieve your ambitions.

Clients have access to our carefully managed network of potential buyers. This unique database of contacts has been continually developed by our advanced IT capabilities and benefits from both our years of experience developing our network and our wide geographical coverage.

Where we work

We employ the largest team of sector specialists in the UK and the largest group of hotel specialists in Europe, providing professional brokerage and advisory services from offices in major cities across Britain and Europe. And because we’ve been doing this for over 80 years, we know our sectors and local markets inside out. We work closely with our clients to guide and conclude transactions of any size, covering hotels, restaurants and pubs, leisure, forecourts and convenience retail businesses, social care and elderly care, childcare & education facilities, dental practices and pharmacies.

Our professional services

We offer unrivalled insight, experience and expertise across your choice of services, including brokerage, consultancy, finance, development, investment, surveying, rent reviews, dispute resolution, corporate valuation, and turnaround & recovery. These services are all underpinned by our in-depth market intelligence and leading-edge technology. And we’re accredited by the Royal Institution of Chartered Surveyors (RICS), so you can trust in our professionalism.

What makes us tick

Businesses are about people, so relationships matter to us. We bring an integrity and transparency to business which can be all too rare – and that’s why people trust us. Our clients will attest to our genuine desire to help achieve their objectives, our attention to detail, and our tireless hard work on their behalf. We understand that buying a business can bring its own pressures and strains; needs can change, plans may need to be adjusted, and opportunities can come and go. But we’re always here, a constant, flexible and reliable force you can count on.

Our opening hours for all offices:

Mon – Fri, 9am – 5.30pm

Notes

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Disclaimer - Property reference 6450523-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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