Hilton Smythe is delighted to welcome to the market this very busy café business, which is ideally located on a busy business park in Peterlee, County Durham.
The business has been in our client's careful ownership since 2012 and is only now being offered to the market due to our client's ill health. The business currently operates 6 days per week and generates a turnover in the region of £62,000 per annum, with a gross profit of approximately 65%.
Our client offers a wide variety of fayre to eat in or take away including breakfasts, American breakfasts, American pancakes, burgers, wraps, hot and cold sandwiches, toasties and chips, to name a few, as well as a large selection of hot and cold beverages. The business boasts a 5-star food hygiene rating from the Food Standards Agency.
The property boasts just less than 50 sq. metres with the main café on the ground floor with seating for 24 covers and a small kitchen to the rear. The first floor is currently unused, but could be used for extra seating.
The business has built up an excellent reputation within the area for the very high quality of the food and services 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, as the business park is open until late in the evening. A new owner could also offer deliveries to the businesses on the park or embark on a modest marketing campaign to promote the food and services offered.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already bust café business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 7 years
Rent: £12,000 per annum
HOURSThe business is open:
Monday - Friday: 9.00am - 5.00pm
Saturday: 9.00am - 3.00pm
STAFFThe business is owner run and managed.
FINANCIAL PROFILEThe business generates a turnover in the region of £62,000 per annum, with a gross profit of approximately 65%.
Danny's Diner occupies substantial two storey premises, ideally located within the town of Peterlee in County Durham. The business is situated on the busy Bracken Hill Business Park, surrounded by a wealth of large office based businesses, from which the business derives much of its trade. The café holds a monopoly position and no food vans are allowed on the park. The business benefits from excellent free car parking facilities.
Peterlee is a small town built under the New Towns Act of 1946. According to the 2011 census, the town has a residential population of 20,164. The town has seen considerable change in the last few years, with the re-location of many of its public buildings to accommodate a £24 million town centre redevelopment. One of the features of the town remains to be its large open green spaces, which are admired by all who visit the town.
The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. The nearest railway station is Seaham, which is approximately 5½ miles away. The area is also well served by the A-roads, with the A19 being just a short drive away, which links to the national A-road and motorway networks. Hartlepool is approximately 9 miles away and Sunderland is 13½ miles away.
Substantial two storey premises in an ideal trading position, briefly comprising:
Main entrance to open plan café.
Seating for 24 covers.
Serve over salad bar.
Large hot food serve over counter.
Double door drink chiller unit.
Breakfast bar with stools.
Access to WC facilities.
Small commercial kitchen.
Very well signed and presented.
Seating area to front.
Electronic cash register.
4 x refrigerators.
General fixtures and fittings including internal and external tables and seating.