Price: £78,500 + sav - Under Offer
Popular and attractively fitted Wine bar / Bistro in central York
Ref: C 892
Rarely does a business as attractive as Wildes come to the market so we are delighted to offer this very well known and established cafe / bistro / wine bar located at the heart of the eating and drinking centre of the city. The premises are arranged over ground and first floors and are fitted out to a very high standard designed to create a warm and friendly ambience which it clearly succeeds in doing. The business is fully licensed and is open from 10.00am to midnight every day. There are several different eating and drinking areas, including a feature fully glazed atrium area on the first floor, beyond which are located the kitchens.
Currently, the business is run very largely by staff however it is felt that the business would benefit by ownership by two full time partners thus minimising staffing costs and maximising profits.
ACCOMMODATION ( note, all dimensions are approximate )
Front cafe / bistro area with covers for about 25, attractive bar area including coffee machine and cold drinks cabinet:
Rear Seating area with windows to two sides, covers for around 27. Attractive staircase up to:
Attractive seating area with 8 covers below a fully glazed pitched roof providing a light and sunny
Kitchen area, with a full range of stainless steel catering equipment including sink unit, separate wash basin, fridges, freezers, 4 burner hob, grill, microwave oven, preparation benches, full extraction facilities.
A side lobby area accommodates a tall fridge and cold drinks cabinet.
Ladies and gents wc facilities, each with cubicle and wash basin.
There is a staircase at the front of the kitchen area leading up to the wine store / beer cellar, also accommodating the gas boiler.
There is some outside seating with 6 tables used when weather permits ( we understand that the use here is unofficial but no issues have been raised during the several years of use ).
The property is shown on the valuation office rating list as having a RV of £16,100.Interested parties should check this information and details of rates payable prior to purchase.
We understand that the premises are held on a 25 year full repairing and insuring lease from 1/2/07 with 5 year rent reviews at a current rent of £32,000 pa.
The business is understood to be taking around £280,000 pa which is split roughly 50/50 between food and wet sales. There is a manageress, 2 full time chefs, 3 part time bar staff plus weekend staff. While the current owners oversee the business, they are not ‘hands on’ therefore a more focussed approach by two partners could result in the maximising of profits .Full accounts information is available to genuinely interested parties after having viewed the business.
The purchaser will be required to pay 50% of the landlords reasonable legal costs involved in assigning the lease.
We are seeking the sum of £78,500 + sav for this most attractive concern.
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