For Sale
Well established restaurant and cafe for sale
Darwen, Lancashire
- Asking Price: £114,995 +SAV
-
Turnover:
Further financials can be made available upon request.
- Tenure: Leasehold
Please quote reference B07532
CoGoGo is delighted to welcome to the market Dollys Bar & Grill in Darwen, Lancashire.
The 50 seater restaurant has just been through a rebrand & is building a new customer base focused on evening dining, Sunday roasts and celebration events.
Dollys situated in the sought after Whitehall area of Darwen the quirky restaurant, is in the former livery of the old Bowling Green Pub its current owners have done lots to retain its sense of character that is loved by guests.
This reluctant sale is due to the owner’s health concerns and other commitments.
Currently the restaurant operates, six days a week providing brunch, lunch, afternoon tea, evening dining and private functions. Service could easily be extended into other nights.
A new takeaway service has also been launched and the restaurant currently provides a food offer for another local establishment generating extra revenue.
The venue boasts fifty covers indoors and an extra forty-two outdoors during the summer months in a gorgeous courtyard. There are two kitchen areas, one for cold prep complete with double sink and wash basin and safety floor, fridges and freezers as well a dry store area.
Good turnover and gross profits on limited opening hours, plus an events diary with advance bookings including weddings, baby showers and birthday celebrations.
The restaurant is also known for its afternoon teas as well as fantastic Sunday roasts and rapidly gaining a reputation for its theme nights and evening dining.
Staffing wise the venue currently has a head chef & small part time kitchen team as well as part time and casual front of house staff.
The business is currently in receipt of 100% small business rates relief.
There is lots of new quality house building in the area and private parking to the front of the property which makes the venue an attractive proposition.
The place has a large and loyal social media following, along with good reviews on Google and is currently rated #2 restaurant of 65 in Darwen on TripAdvisor.
This restaurant is well known across Lancashire and beyond, having established their reputation over the past 14 years.
We are advised that the business is run and managed by our client, with the help of the head chef and part time and casuals as and when needed.
The current trading hours are -
Monday - Closed
Tuesday to Thursday - 11:00am - 4pm
Friday and Saturday - 10:30am - 10:00pm
Sunday - 10:30am - 6:00pm
Situated on the main A-road on the Bolton edge of town, the restaurant receives patronage from Greater Manchester, East Lancashire and beyond.
The restaurant is situated in the same building as Darwen Furniture and Gifts which also lets space to other businesses, making the place a great destination venue.
The business has eye catching signage, receiving high levels of footfall and passing trade.
The kitchen is fitted with a Rational oven, pizza oven, large Bain Marie, double frier, salamander grill, gas hob, gas chargrill, large extraction unit, commercial dishwasher, pizza prep fridge, polar fridge, hot cupboard and pass, and a double catering sink along with lots of stainless steel preparation areas and additional freezers and fridges.
Front of house boasts a bar area with draught beer, bottle and wine fridges, glass wash, ice machine. There is scope to grow the draught beer offer through negotiation with the landlord next door as there is an extensive cellar previously used by the pub.
Outside there is a fantastic courtyard with quality outdoor furniture, planting, decorations, and quirky lighting.
Tenure
We are advised that the business is being sold on a leasehold basis, currently on a rolling monthly lease agreement.
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Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
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