Immaculately presented Sandwich bar cafe T a Flick and Alfreds, 24 Fossgate, York, YO1 9TA

York, North Yorkshire

Status

FOR SALE

Date Submitted:

17/06/21

Advert ID

278309

Reference

C 983 / Rightbiz
Leasehold: £47,500
Annual Rent: £12,500
Annual Turnover: Available upon request
Annual Net Profit: Available upon request

This immaculately presented sandwich bar and cafe enjoys a superb location on one of the most eclectic and sought after streets in the city which has, over recent years, seen a total regeneration to become one of York’s must visit eating areas.   The business is run by a two person team without staff so the overheads are extremely low thus paving the way to generate highly respectable net profits.

The standard of internal fit out and presentation is second to none with all items of equipment being of a high standard. There is indoor seating for 10  plus outside seating for a further 6 customers.

The business specialises in the sale of sourdough sandwiches, bagels, toasties, fresh fruit smoothies, milk shakes and malts, coffees and brunch. Current opening hours, by reason of personal choice, are Tuesday to Friday 8.00am to 2.00pm, Saturday 9.00am to 2.00pm.  The lease permits the premises to be open until 7.00pm if required.

Viewing of this highly desirable business is strongly recommended.


ACCOMMODATION 

Front sales area  having curved timber counter with  glass cakes and pastries display unit, touch screen electronic cash register, crisps rack, wooden bar and stools with covers for 10 plus 6 outside.

Rear preparation area, being comprehensively equipped with stainless steel preparation table, twin bowl sink unit and separate wash basin, 2 tall fridges and one smaller fridge, 2 small freezers, 2 microwave ovens, water boiler, milk frother, Jura coffee machine and grinder, commercial toaster, Panini maker, soup kettle, 2 induction hobs, food processor, washing machine and dishwasher. There is also a new electric hob and oven however this has not yet been wired in as it has not been needed, however it can easily be done so if required.

Off the preparation area there is a modern fully tiled staff wc and a small understairs storage cupboard.

The overall floor area is around 35 sq m.

RATES

The premises are shown on the Valuation Office Rating web site as having a RV of £9600. Under current arrangements for small businesses, no rates should be payable however interested parties must check this information prior to proceeding.

LEASE

The premises are understood to be held on a 6 year renewable lease from April 2016 at a rent of £12,500 pa vat.  Please note we have not had sight of the lease at the time of preparing these particulars therefore this information requires confirmation.


BUSINESS

The business has run at a pre pandemic level of around £1200 per week however  it is our opinion as agents that the business is capable of far higher takings given slightly longer opening hours. This is a matter of personal choice. The current owners are only selling due to one party’s impending retirement. The business is considered ideal for a 2 person team so as to maintain overheads at the current minimal level and thus maximise profits.

EPC

The property has an EPC rating of   TBC.

COSTS

The purchaser will be required to pay a contribution of £450 vat towards the landlords legal costs involved in preparing the  lease.


PRICE

Around £47,500 sav.

VAT.    

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


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.  Buyers will be required to provide details of their identity ( passport / driving license and two utility bills) and proof of funding ( bank statements / mortgage offer ).

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.

Key Features
  • Accounts Available
  • Town Centre location
Contact Agent
Advert Reference:
C 983 / Rightbiz
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