SOLD Established Sandwich Snack bar, Millfield Lane, York, YO10 3AP

Millfield Munchies is a delightful, easily run  business located in a busy residential area not far from York University and therefore there are  many students as well as owner occupiers in the locality. The business has been running for many years and offers a range of sandwiches, hot and cold snacks, drinks and also has a thriving outside catering side.  The business is easily run by one person with assistance and the shop is conveniently arranged so that all parts are readily accessible from the main sales area. Viewing is highly recommended.

ACCOMMODATION

Front Sales area    includes refrigerated display counter, cold drinks cabinet, breakfast bar with two stools, two tables and four chairs, wash basin, cappuccino machine, soup cauldron, electronic cash register, undercounter freezer.

Kitchen area  fitted with stainless steel catering equipment including a deep sink unit, 5 ring electric cooker with twin ovens beneath Lincat frill, microwave oven, panani machine, tall fridge, undercounter freezer, turbofan oven, tiled walls.

Small lobby with wc off to the rear of the sales area.

The premises have an area of approximately 30 sq m.

BUSINESS

Accounts for YE March 2024 show sales of £73,734 and a gross profit of £40, 615. The adjusted net profit is calculated to be around £23,000pa depending on wage costs, if any. The business is open from 8.00am until 2.00pm Monday to Saturday.

RATES

The premises are shown on the Valuation Office Rating web site as having a RV of £5600. Under current arrangements for small businesses, no rates should be payable however interested parties MUST  check this information prior to proceeding.

LEASE

A new lease will be available for a minimum term of 3 years at a rent of £700 per month.

EPC

The property has an EPC rating of C

COSTS

Each party to be responsible for their own legal costs.

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.