For Sale

GROUP OF THREE CAFE / RESTAURANTS Prime city centre trading positions Showing a combined net profit of £308,501 All sites presented to a very high standard throughout Genuine reason for sale Our client may split the sites up and sell separately Combined annual turnover, in excess of £1.6 million REF 590451. Group of Three Businesses, offers around £690,000 York

£690,000

ID:

590451

Listed:  12/04/2024
Tenure:  Leasehold
Lucky Days, York, York, York, North Yorkshire YO1

Details

GROUP OF THREE CAFE / RESTAURANTS in York for Sale.

An outstanding opportunity to acquire this impressive group of three cafe / restaurants which all enjoy prime positions in the very heart of York City centre, all surrounded by both independent and national high street retailers, shoppers, office workers, visitors and the hundreds of thousands of tourists which visit the city throughout the year.

Achieving a very impressive combined annual turnover of £1,671,096 and showing net profits of £308,501 whilst run predominately by staff in easy hours. All of the sites benefit from a premises licence and full restaurant, cafe licence (formally A3/A4) - the scope for even more growth is huge. For example, a new purchaser could introduce an evening bistro in some / all of the three venues and extend the opening hours into the evening to substantially boost turnover and profits (subject to any necessary consents). Our client is only reluctantly offering this business for sale due to their ill health. VIEWING OF THESE WONDERFUL ESTABLISHMENTS ARE HIGHLY RECOMMENDED.

Cafe One comprises: Spacious open plan ground floor seating area with space for approximately 12 covers with a mix of comfy seating and tables and chairs, counter featuring a two station coffee machine and two refrigerated display counters in the window. Feature staircase to the rear leads to the first floor with space for up to 30 covers. Second floor kitchen and WC. Third floor seating area for a further ten customers.

Cafe Two comprises: Ground floor reception area with waiter / coffee station with coffee machine. Further into the ground floor is the customer seating area with seating for circa 20 customers. Kitchen area. First floor seating area for circa 24 customers and waiters station. WC. Second floor seating area for up to 14 customers. Third floor seating area for around 12 customers. Basement storage. Externally is a very large seating area for approximately 32 customers. This store benefits from an air-conditioning system.

Cafe Three comprises: Ground floor cafe servery with coffee machine. Seating area offering space for six customers to the front. To the rear is a further seating area for 11 customers plus a further two covers in a side room. First floor commercial kitchen, waiters station and seating area for 12 customers. WC. Second floor seating area for 25 customers.
Stock £7,500.

Location

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Sold by Ernest Wilson

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