Whitby Cocktail Bar & Restaurant for Sale - High Sales, Profit Margin, 10-Year Lease, New Quay Rd YO21 1DH
Whitby, North Yorkshire
- Status
FOR SALE
- Date Submitted:
09/06/23
- Advert ID
514626
- Reference
193360754 / Rightbiz
- Call Agent:
- Leasehold: £250,000
- Rent: £14,400
- Turnover: Not Applicable
- Net Profit: On request
Business Details
Business For Sale: Cocktail Bar Restaurant, New Quay Rd, Whitby YO21 1DH
Business For Sale: Cocktail Bar / Restaurant, New Quay Rd, Whitby YO21 1DH
Parker Barras are delighted to bring to the market this rarely available, stunning business opportunity located in Whitby.
Whitby is a seaside town in North Yorkshire, England with just about everything you can ask for from a coastal town; gorgeous sandy beaches, a picturesque harbour, loads of history and lots of things to do and is often voted as the UK’s most popular holiday destination.
Macy Browns is famous for its Cocktails, offering high end cocktails, Fresh Crab Salads, Smash Burgers with white truffle or a sharing tapas hot platter plus much more.
The business opened in 2021 and commands a highly visible location on New Quay Road, one of the main roads into Whitby, overlooking the harbour.
Google reviews 4.5/5
Facebook reviews 4.4/5
TripAdvisor 4/5
OpenTable 4.3/5
Its on the first floor of the building, benefiting from lift access and has 45 covers internally and an additional 35 covers on the terrace.
Open 7 days a week from 10am – 11pm, during high season the business boasts sales of up to £30,000 per week, with a high profit margin on the drinks.
The property is held on a ten-year lease at a rental of £1200 per month
Business rates payable are £3,000 per annum
The name Macy Browns can remain, subject to entering a franchise agreement or alternatively a period of time of will be granted allowing the new owner to rebrand.
Very reluctant sale, due to owners’ other business interests
Offers over £250,000
Please note we ask interested parties to visit the premises as customers in the first instance, please do not approach the staff. Please then arrange viewings through sole agents Parker Barras.
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Listing Statistics
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Stay Safe
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.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.
Stay Safe
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.'.
Stay Safe
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.
Stay Safe
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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