Most attractive and profitable Café /Bistro with outside seating areas
Ref: C 887
We are pleased to offer this most appealing business which is run from delightful character premises on one of York’s most eclectic streets. The business operates as a cafe / coffee shop during the day serving light lunches, snacks, hot and cold drinks, whilst in the evenings, its changes character completely to become a cosy bistro. The premises have a table license, a 5 star hygiene rating and benefits from having an extensive outside area at the rear backing onto the city walls, part of which is covered with the remainder being an open garden seating area, a true delight during fine weather. The current owner changes the menu on a regular basis and is passionate about using local produce where ever possible. The business enjoys a substantial passing trade but also caters for private functions, wedding parties, corporate events etc. It is run by the owner with assistance from between 5 and 7 part time staff however in our opinion, this is an ideal business for two people to run together so that staffing costs can be minimised.
ACCOMMODATION ( note, all dimensions are approximate )
Inside Seating area, approx 23 sq m having approx 20 covers accommodated on a variety of perimeter bench seating, bentwood chairs and wooden tables, ‘L’ shaped bar / server to the rear with electronic cash register with screen, coffee machine, coffee grinder ( on free rental )
Kitchen approx 13 sq m having a full range of stainless steel catering equipment including Lincat water boiler, dishwasher, glass fronted cold drinks cabinet, salad fridge, Wine cabinet, mixer, scales, toaster, microwave oven, French blancher, Lincat electric grill, Lincat induction hob, deep fat fryer, under counter fridge, Blixxard freezer, Turbofan oven, plate warmer, stainless steel sink unit and separate wash basin, range of preparation tables.
Covered patio area providing a useful and appealing additional seating area with potential for barbecues etc, having additional wooden bench seating and tables. This area opens directly onto the open rear garden area, which offers yet more seating opportunities with views up to the city walls at the rear.
There are ladies and gents wc facilities just off the covered area plus a freezer store with 2 fridge freezers, chest freezer and racking for storage.
There is also a further good sized store with a Vac pack machine, 2 fridge freezers and 2 small freezers, preparation bench, wash basin and an office area partitioned off with shelved walls and wine storage.
The business has been running for several years and enjoys a consistent turnover of over £137,000 as per the 2016 accounts. Net profit will depend on staffing levels however if the business is run by a two person team, we anticipate that the adjusted net profits will be around £47,000. Full accounts are available to genuinely interested parties after having viewed the business.
Currently, the business is open 10.00am to 4.00pm then 6.30pm to 8.30 pm Tuesday to Sunday.
The premises are understood to have a RV of £9000. Under current arrangements for small businesses, no rates should be payable for most occupiers however interested parties must check this information prior to proceeding.
The premises are held on a full repairing and insuring lease until 7th April 2020 at a rent of £12,000pa. A rent review was due in April 2017 but has not been implemented.
The landlords legal costs involved in assigning the lease and approving the new tenant will be split 50/50 between the vendor and purchaser but otherwise, each party will pay their own legal costs.
This most attractive and profitable business is available for £83,750 + 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