Country:
UK
City:
Bishop Auckland County Durham
* Well established business in prime trading location
* Surrounded by complementary businesses and school
* Advised turnover currently £2,600 per week
* Opportunity for alternative catering use – STP
* 2 bed flat available valued independently at £90,000
SITUATION
The business is prominently located on Peel Street just off Newgate Street which is the main high street running through Bishop Auckland.
BUSINESS
Our clients have owned and operated the business for nearly two years and are now looking to sell the business in order to move on to new ventures. The business has grown considerably over the last two years, building up a strong reputation and loyal clientele. The property is surrounded by local business, a number of mechanical workshops and wholesale car parts distributors. To the end of the road there is a large secondary school which the business also benefits from tremendously.
The shop is very well fitted out, there is a large customer waiting area, laminate flooring and suspended ceilings throughout. There is a fully fitted catering kitchen with a number of stainless steel appliances and units which include hotplates, a double deep fat fryer, large industrial commercial oven together with an industrial extractor fan, jacket potato oven, stainless steel commercial fridges and freezers, hot servery, two cash registers, chip boiler, panini makers, microwaves, soft drink display cabinet, storage cupboards together with a wash and prep area with sinks. The business currently provides a vast array of food including hot and cold sandwiches, burgers, jacket potato etc.
To the rear of the shop is a large storage room with fridges and freezers and a staff toilet.
OWNER’S ACCOMMODATION
On the first floor is a separate two bedroom flat consisting of a kitchen, large lounge and bathroom. We understand that the flat has been valued by an independent estate agent at £90,000 and can be bought with the business if required.
TRADING HOURS
Monday – Saturday 8.00am – 3.00pm (Winter)
Monday – Saturday 8.00am – 4.00pm (Summer)
FIXTURES AND FITTINGS
We are advised the fixtures and fittings are owned outright.
STAFF
The business is managed by our client with the assistance of three part-time members of staff.
LICENSES
The property has an A5 License in place.
TRADING INFORMATION
We are advised by our client that the business in currently producing a turnover of £2,600 per week. Accounts will be made available to genuinely interested parties.
TENURE
Freehold. The price of the whole freehold including the 2 bedroom flat is for sale at £200,000. Alternatively the business and the shop premises can be purchased for £150,000.
RATES
The rateable value of the premises is £2,750 with the rates payable for 2007/2008 being £1,210.
SERVICES
We understand that the property has all mains services.
VIEWING
As this business is being confidentially marketed, all viewings must be made through this office. No direct approach should be made to the owner or the business itself.
MISREPRESENTATION ACT 1967 & PROPERTY MISDESCRIPTION ACT 1991
These particulars are provided only as a general outline of the property referred to. Parties should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above.
* Surrounded by complementary businesses and school
* Advised turnover currently £2,600 per week
* Opportunity for alternative catering use – STP
* 2 bed flat available valued independently at £90,000
SITUATION
The business is prominently located on Peel Street just off Newgate Street which is the main high street running through Bishop Auckland.
BUSINESS
Our clients have owned and operated the business for nearly two years and are now looking to sell the business in order to move on to new ventures. The business has grown considerably over the last two years, building up a strong reputation and loyal clientele. The property is surrounded by local business, a number of mechanical workshops and wholesale car parts distributors. To the end of the road there is a large secondary school which the business also benefits from tremendously.
The shop is very well fitted out, there is a large customer waiting area, laminate flooring and suspended ceilings throughout. There is a fully fitted catering kitchen with a number of stainless steel appliances and units which include hotplates, a double deep fat fryer, large industrial commercial oven together with an industrial extractor fan, jacket potato oven, stainless steel commercial fridges and freezers, hot servery, two cash registers, chip boiler, panini makers, microwaves, soft drink display cabinet, storage cupboards together with a wash and prep area with sinks. The business currently provides a vast array of food including hot and cold sandwiches, burgers, jacket potato etc.
To the rear of the shop is a large storage room with fridges and freezers and a staff toilet.
OWNER’S ACCOMMODATION
On the first floor is a separate two bedroom flat consisting of a kitchen, large lounge and bathroom. We understand that the flat has been valued by an independent estate agent at £90,000 and can be bought with the business if required.
TRADING HOURS
Monday – Saturday 8.00am – 3.00pm (Winter)
Monday – Saturday 8.00am – 4.00pm (Summer)
FIXTURES AND FITTINGS
We are advised the fixtures and fittings are owned outright.
STAFF
The business is managed by our client with the assistance of three part-time members of staff.
LICENSES
The property has an A5 License in place.
TRADING INFORMATION
We are advised by our client that the business in currently producing a turnover of £2,600 per week. Accounts will be made available to genuinely interested parties.
TENURE
Freehold. The price of the whole freehold including the 2 bedroom flat is for sale at £200,000. Alternatively the business and the shop premises can be purchased for £150,000.
RATES
The rateable value of the premises is £2,750 with the rates payable for 2007/2008 being £1,210.
SERVICES
We understand that the property has all mains services.
VIEWING
As this business is being confidentially marketed, all viewings must be made through this office. No direct approach should be made to the owner or the business itself.
MISREPRESENTATION ACT 1967 & PROPERTY MISDESCRIPTION ACT 1991
These particulars are provided only as a general outline of the property referred to. Parties should make their own enquiries and inspection of the property to satisfy themselves as to the accuracy or otherwise of the information given. Other than this general outline neither we nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the property referred to above.
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