Price: £69,500 + sav
A delightful and profitable business.
Ref: C 902
We are delighted to offer this beautifully presented cafe and sandwich bar which enjoys truly amazing views of Cliffords Tower which lies directly opposite and which is a major York tourist attraction. The cafe is immaculately clean and well presented and has covers for around 24 plus a well equipped kitchen and preparation area to the rear. Viewing is strongly recommended.
ACCOMMODATION ( note, all dimensions are approximate )
Cafe area covers for around 24, cold drinks cabinet ( free rental ) counter with glass fronted display cabinets, ice cream fridge ( for use outside in summer ) Tiled floor, free wi fi facility.
Preparation area having coffee machine ( on monthly rental) filtered coffee maker, chest freezer, 3 undercounter fridges, ice machine, blender, 2 toasters, electric oven, 2 toasted sandwich makers, mixer, cash register one tall fridge and one tall freezer, preparation bench with stainless steel wash basin, 2 ring halogen hob, microwave oven, range of storage cupboards and shelves, tiled floor.
Rear Kitchen with stainless steel sink unit, electric water heater, ACE grill, bain marie, extraction hood, Zanussi oven.
Small yard area with store and customer wc.
The premises are shown on the Valuation Office Rating web site as having a RV of £12,250. We understand from the owners that rates payable are approx £50 per month allowing for small business relief however interested parties should check this information prior to proceeding.
The premises are held on lease until October 2018 and discussions are in hand regarding the terms of the new lease. The rent will be no more than £18,000pa and it is anticipated that the figure will be less than this. Further details are available on request.
The accounts for YE 31st March 2018 are expected to show takings of around £92,300. This is slightly less than 2017 when takings were £109,902, largely due to the owners deciding to take Thursdays off and closing for 2 weeks in January and one week in November for holidays. There is great scope for further increasing takings given more publicity and use of social media. We calculate that the adjusted profits will be around £30,000 depending on wage costs. Further accounts information is available to genuinely interested parties. Currently, the two owners work more or less full time with part time assistance. Current opening hours are Mon – Sat 8.30am to 4.30pm and Sunday 9.30 am to around 4.30 pm.
The property has an EPC rating of E.
The purchaser will be required to pay a contribution of £450 + vat towards the landlords legal costs involved in preparing the lease.
Around £69,500+ sav
By arrangement with The Agents on 01904 794812.
Where staff are employed in a business, it is possible that they are unaware of any impending sale, therefore it is essential that all viewings are arranged through us and no direct approaches should be made under any circumstances.
All prices and rents are deemed to be exclusive of any VAT which may apply.
Details and general information provided within these particulars have been confirmed by The Client, are given in good faith and are believed to be correct, however all proposed purchasers/tenants must satisfy themselves as to the correctness of the information provided. We understand that all services and items of equipment are in functional order, but no warranties can be given in this respect. Neither the agents nor any person in their employ bind themselves in any way, nor are any warranties given as to the correctness of the information provided. No part of these particulars form part of any contract or agreement for sale or lease