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One of York's most Attractive and Quirky Coffee Shops For Sale in superb Riverside location

York, North Yorkshire
Status
FOR SALE
Advert ID
259019
Reference
C 938a / Rightbiz
Leasehold Price: £69,950
Annual Turnover: Available upon request
Annual Net Profit: Available upon request

Perky Peacock must surely be one of the most unusual and appealing coffee shops in the area, located in a 14th century toll tower overlooking the river adjacent to Lendal Bridge in the heart of York. The business, which now has a 5 star Hygene rating, is run from the first floor of these delightful premises where the talking point is the superbly impressive conical beamed ceiling and the views over the river Ouse.  The lower floor ( dungeon) is used for storage and occasional special events in the summer. The inside premises have covers for around 16 but there is space outside for seating an additional 18 customers when weather permits. We understand from our client that despite the current economic problems, takings are actually HIGHER than for the same period last year!

The business focuses on providing hot and cold drinks and light snacks and for special occasions a licence can be applied for to serve alcohol.  It has constantly been featured in various local and national  media as ranking amongst the best of its type and since its founding in 2009 the business has grown steadily. It has over 2000 followers on Twitter and over 1000 on Instagram.

If you view this business it is highly likely that you will buy it!

    

ACCOMMODATION ( note, all dimensions are approximate )

First Floor 

Stone steps from the ground floor lead up to the coffee house comprising of a circular room  with feature conical roof, stone slab floor, seating for around 16. The open plan layout includes a variety of seating, glass fronted refrigerated display counter, cold drinks cabinet, La Marzocco Espresso Machine, Neuvo Simonelli Mythos Grinder, Malkheonig EK43 grinder, PUSH tamp (most recent innovation in coffee tamping) Acaia Scales (highest quality barista scales, which include a timer and app to record brewing graphs), toaster, Panini grill, 2 under counter fridges and one freezer.  Single drainer sink unit. (please note, there is no mains water supply but water is brought in from the nearby ‘kitchen’nearby using plastic water carriers and which causes no problems at all).

RATES

We understand that no rates are currently payable however interested parties should check this information prior to proceeding.

LEASE

The premises are held on lease from City of York Council at a rent of £6750 pa.


BUSINESS

Sales are on target to reach around £165,000 this year and accounts information is available. Our client runs the business mostly by staff, there being two full time and 4 part time staff. Takings are understood to be higher this year than for the same period last year! Our client is there only about 25 hours per week with occasional assistance from her husband for about 2-3 hours per week.. We calculate that anyone more hands on and running the business as a two person team with assistance, would achieve adjusted net profits of around £40,000 based on accounts information shown to us. The business is open Mon – Fri 7.00am to 5.00pm,  Sat 8.00am to 6.00pm and Sun 9.00am to 5.00pm. During winter the business tends to close around 4.00pm.

EPC

The property is understood to be a Scheduled Ancient Monument and does not therefore require an EPC.

COSTS

The purchaser will be required to pay a 50% contribution towards the landlords legal costs involved in assigning the  lease.

PRICE

Around £69,950 sav.

VAT.    

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

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.


 

Listing Details
Location: York, North Yorkshire
Sector: Sandwich Shops, Tea Rooms, Cafes
Key Features
  • Town Centre location
  • Accounts Available
  • Attractive Business
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Advert Reference: C 938a / Rightbiz

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