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Stunning Cafe Bar For Sale In Malton North Yorkshire

Malton North Yorkshire
MODERN AND FASHIONABLE CAFÉ AND LATE NIGHT BAR FOR SALE PRICE REDUCTION FROM £64,950 TO £50,000 EARLY VIEWING RECOMMENDED
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 41726
ADVERT IMPRESSIONS : 23,320 TIME(S)

 
BUSINESS SECTOR: Catering
TRADE TYPE: Cafes
SALE: Agent Sale

LEASEHOLD:

£30,000

ANNUAL RENT:

£24000
 

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BUSINESS DETAILS:

This truly stunning café and late night bar is really one of its kind, especially within the local area. The business has been established for over 3 ½ years and has developed a magnificent reputation locally. It has gathered a strong local following for both its food menu as well as its weekend offerings, especially Friday and Saturday nights.

The current owner established the business over 3 years ago and has consistently refurbished the business to ensure it is up to the highest standards. The modern and lively décor is extremely modern and gives a very spacious and welcoming feel. The business is fitted to the highest of standards too, with a purpose built and stylish bar with optics, as well as leather sofas and leather lined seating arrangements. The business can comfortably cater for over 200 guests including the function area.

The current owner opens for business from 10am-3pm Monday to Thursday and is closed on evenings. They also open Friday and Saturday from 10am-11pm and are closed Sundays.

The current owner runs the business as an upmarket café/coffee shop during the week with a limited food menu, and as a late night bar on Friday and Saturdays. There is immense potential to expand the opening times into the evening during the week and offer a diverse menu which would entice the local crowd through the week. It would also benefit hugely from a Sunday opening which again would increase turnover. The owner has a limited food menu and the business would benefit hugely if it was to move on from the coffee shop side of the business and really push for evening food trade. This would also see an improvement in the gross margins. The premises are fully licensed to sell alcohol and are entirely free of tie. The owner is selling due to personal circumstances which are making it difficult to devote the time that has been given to the business previously. There is terrific scope for growth within the business under the correct ownership and direction and the business would undoubtedly run best under a partnership.

WE EXPECT HIGH LEVELS OF INTEREST IN THIS OPPORTUNITY AND WOULD ADVISE EARLY VIEWINGS
   
  FOR SALE
   

REFERENCE:

0351 / RightBiz
   
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