Award Winning Modern Latin Themed Bar and Restaurant in County Durham

Darlington, Durham
REF: R07057

Asking Price:
£85,000
Annual Turnover:
£349,887
Annual Net Profit:
£38,658
REF: R07057

Overview

Tenure:
Leasehold
Established:
2011
  • Well-Established and Well-Respected
  • Award-Winning Cocktails and Menu
  • Loyal Customer Base
  • Fully Renovated and Large Premises
  • 5-Star Hygiene Rating

The business has gained an excellent reputation for its Latin and Mexican style fine dining menu and plethora of premium drinks, winning multiple industry awards.

Established in 2011, the café/bar has racked up an impressive financial profile and is forecast to continue reliant on a new buyer. This is truly a rare opportunity to acquire a lucrative business with a fully renovated premises and an elite menu. Boasting a loyal customer base, the business has minimal competition in the area due to its unique style and social experience.

Bringing some edge to the streets of Darlington, this contemporary café/bar hosts regular events popular with locals and is widely recognised as one of the top Latin Dance/Music Venues outside of London. Featuring regular tastings, art exhibitions, DJs and salsa dancing, the business accommodates and encourages local talent to perform within a welcoming environment.

The business’ large premises covers 2 floors and its façade features bold signage above a glass fronted, terraced property. There is Latin Mexican themed décor throughout which is hugely popular with customers. As guests enter they are greeted by a large seating area which leads to the bar, showcasing all their alcohol.

Upstairs there is a large open kitchen area which allows customers to see their food being prepared in the adjacent restaurant area. Beyond the restaurant area, a large function room with its own bar is used for private events. The business can cater for big buffets and parties to suit all tastes.

They also have an active online presence, posting regularly on their Facebook, Instagram and Twitter platforms. All social media pages have an impressive following and a high amount of engagement.

The bar is internally fitted to a modern and high standard. All fixtures and fittings are included in the sale.

The current owner is willing to stay on for a transitional period.

This is a superb opportunity to purchase an award-winning, Latin inspired bar and restaurant. The business has been renovated to a high standard and has an excellent reputation, which has resulted in impressive financials.

Ideally, this sale would suit an individual with bar experience, looking to invest in a catering business with an already robust infrastructure. The ideal buyer would be business-minded, with knowledge of mixology, willing to inject some fresh ideas into the restaurant.

For further growth, the new owner could consider increasing their local advertising, updating the theme/menu, and implementing stronger SEO on their website domain.

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  • Town centre location
  • Beautiful scenery
  • High street setting
  • High footfall
  • Public transport access
  • Other businesses nearby
Rent
£17,000
Rates
£0
Lease Term
TBN
Lease Expiry
TBC
Square Footage
TBC
Accommodation Included
No
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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