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Popular fully fitted cafe For Sale T a Town Coffee House, Front Street, Acomb, York, YO24 3BJ

York, North Yorkshire
Leasehold Price:
£29,950
Status
FOR SALE
Advert ID
246379
Reference
C 883 / Rightbiz

This is a well known and busy cafe enjoying one of the best locations in Acomb, which in turn is probably York’s busiest suburb. Traders nearby include Boots, Peacocks, Specsavers and Betfred. The business is run by a single proprietor plus 3 part time staff and has been the subject of an ongoing programme of modernisation and improvement so virtually all the equipment and fittings is recent including a recently installed gas boiler. The availability of this business represents a fine opportunity to acquire  a superbly located concern for a very modest outlay.

ACCOMMODATION (Please Note: all dimensions are approximate, for guidance only)

CAFÉ AREA   7.3m x 6.2m overall  (24’0’’x 20’6’’)  Covers for over 40 and being open plan to:

PREPARATION AREA. 4.7m x 4.1m overall  (15’6’’x 13’6’’)  of irregular shape and having a full range of catering equipment including refrigerated display counter, fridge freezer, small chest freezer, electric cooker, 2 pan fryer, griddle, microwave oven, 4 slice toaster, full extraction facilities, cash register.

SIDE LOBBY  With wash basin and w.c. off,  newly fitted gas central heating boiler

WASH UP AREA  With stainless steel sink unit and various cupboards.

RATES 

The property has a RV of £13,750. We are informed that Rates payable for 2019 / 2020 will be approximately £4500.  Interested parties should have this confirmed prior to proceeding.

LEASE           

The property is held on a lease for 12 years from February 2012 with 3 yearly reviews linked to the retail price index, at a current rent of £16,346.13 pa.. We have not had sight of the lease at the time of preparing these particulars therefore this information requires confirmation.

BUSINESS

Accounts for Year Ended 31st March 2019 show takings of  £80,213 with a gross profit of £62,742. Depending of staffing costs, we calculate that for a two person team, the business should produce adjusted net profits of around £20,000.  The business is open from around 9.00am to 2.30pm Monday, Tuesday, Thursday, Friday and Saturday. There are currently 3 part time staff and a Saturday assistant.. Full accounts information can be made available to genuinely interested parties after viewing the business.

PRICE 

We are seeking only £29,950 sav  for the business and all equipment.

COSTS

The purchaser will be required to contribute 50% of the landlords reasonable legal costs involved in the transaction..

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.

VAT 

All prices and rents are deemed to be exclusive of any VAT which may  apply.
 
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.

Listing Details
Leasehold Price: £29,950
Tenure: Leasehold
Location: York, North Yorkshire
Sector: Cafes, Tea Rooms, Snack Bars
Financials
Annual Turnover: Available upon request
Annual Net Profit: Available upon request
Key Features
  • Adjacent to Multiple Retailers
  • Prime Location
  • Accounts Available
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: C 883 / Rightbiz
Particulars / More Information
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