FOR SALE
09/06/23
514622
C 1013 / Rightbiz
This long established and successful business, a recent a finalist in the Yorkmix awards in the best tea rooms / cafe category, is run from delightful ‘olde worlde’ premises dating from the late 16th century which simply ooze charm and character. Having recently undergone an internal refurbishment and upgrading of the comprehensively fitted kitchen, the premises are beautifully presented and anyone viewing this will not fail to be impressed. The business provides hot and cold snacks, cakes sandwiches, hot and cold meals, hot and cold drinks and there is clear scope for developing outside catering if desired as well as extending the current opening hours. There are three distinct seating areas currently having 34 covers. The kitchen is equipped with a full range of stainless steel catering equipment and there are spacious upper floor storage areas with numerous freezers and fridges. To the rear there are 2 private parking spaces and there is a free public car park immediately behind. This delightful business is located in a prime location in the heart of the charming North Yorkshire town of Tadcaster, near York. The price has just been reduced therefore this business is now available at an extremely attractive price. Viewing is highly recommended.
ACCOMMODATION ( note, all dimensions are approximate )
Entrance lobby opening to:
Main front room having four tables and covers for 17, feature cast iron fireplace with living flame gas fire, beamed ceilings, front bay window and a delightful cosy olde worlde charm. Electronic POS cash register and printer.
Front Snug having three tables and covers for 9. Exposed timber floor, attractive open fireplace with living flame gas fire, front bay window, beamed ceiling.
Rear ‘dog friendly’ Room having a further 8 covers, cold drinks display cabinet, timber counter / bar, retail product display unit, double doors to the rear with access to the car park.
Kitchen, being fully equipped with a vast range of stainless steel catering equipment including 4 Zyco deep fat fryers, Buffalo Panini grill, Salamander grill, Lincat oven and hob, Velox quick cooking grill, two stainless steel microwave ovens, stainless steel saladette, commercial toaster, San Remo coffee grinder, San Remo Zoe compact coffee machine, stainless steel shelving and an assortment of smaller items. A recessed area off the kitchen provides a useful:
Washing area, with stainless steel double bowl sink unit, separate stainless steel wash basin, Lincat hot water boiler, dishwasher.
Ladies and Gents wc’s, each with low level wc and wash basin.
First Floor
This floor is used for storage purposes only although it does offer potential for other uses in connection with the cafe. There are 2 front rooms, one with 3 fridges and 10 freezers and the other providing useful storage space, a rear room with further storage space and a front office with safe and a spare fridge freezer.
RATES
The RV is £8500 Under current Government arrangements for small businesses, no rates should be payable by most occupiers however interested parties must check this prior to proceeding.
LEASE
We understand that the premises are held on a full repairing and insuring lease until 2027 at a rent of £825 per month.. We have not had sight of the lease at the time of preparing these details therefore this information requires confirmation.
BUSINESS
The business is run by our client plus 9 part time staff however it is an ideal business for a two person team who could then minimise wage costs. Accounts for YE 30/11/22 show sales of £110,006 and we calculate that the adjusted net profit assuming a two person team would be around £36,000.This is achieved on restricted opening hours as follows: Wednesday to Saturday 9.00am to 3.00pm, Sunday 10.00am to 3.00pm.Clearly with longer openings and an expansion of the menu to include, for example, Sunday dinners, the turnover and hence profits could be increased considerably.
COSTS
The purchaser will be required to pay the landlords reasonable legal costs involved in assigning the lease.
PRICE
Offer around £48,950 sav are invited for this outstanding business opportunity.
IMPORTANT
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.
NOTE
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.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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