Magnificent Cafe, Restaurant & Boat Hire Business For Sale

Business description

MAGNIFICENT CAFÉ, RESTAURANT& BOAT HIRE BUSINESS- KNARESBOROUGH
Fantastic opportunity to increase profits with additional opening hours
Stunning location, situated on the banks of the River Nidd
Fully licensed, currently run at a pace to suit owners
Purpose built café restaurant & full catering kitchen
Excellent turnover £145,200 GP 83.0% & rising
55 indoor covers - 100 + alfresco dining
38 rental rowing boats with moorings
Early viewing highly recommended
LEASEHOLD


Business History

Meridian Business Sales are delighted to bring to the market this superb business which comprises of a café, restaurant and boat hire operation. The business which has been established for over 100 years has been extensively re-furbished and indeed re-designed by the current owners with no expense having been spared. After securing a 30 year lease with Harrogate Borough Council at a rental value of £11,500 per annum, the site has been dramatically improved with grounds that extend over 200 metres. There are two main purpose built buildings, one a café / restaurant with 55 covers and one housing the full catering kitchen which services the café and extensive patio dining area which seats over 100 alfresco diners. There is a separate boat house for boat storage during the winter months and moorings for 38 rowing boats. Whilst the business is open throughout the year at the owners admission the scope to increase income revenue is huge, particularly due to the fact that the café / restaurant is fully licensed until 11.00pm every night. New owners could extend opening hours and provide a full restaurant service in a truly idyllic location overlooking the river on a nightly basis. The business already enjoys a very healthy turnover of circa. £145,255 per annum with a healthy gross profit margin of around 83.0%, this being derived from the café business and boat hire combined. The stone built boat house can also be used as a retail outlet during the summer months, thus providing another opportunity for further income potential. The business is in fact only being brought to the market due to the impending & well deserved retirement of our clients who have worked extremely hard over the last 16 years building the business into what it is today. Early viewing is therefore highly recommended for this fantastic opportunity in a truly superb location with fantastic potential, as it is envisaged that demand will be high.


Accommodation

Two purpose built timber framed buildings & stone built boat house with extensive patio seating area for over 100 diners comprising of:-

GROUND FLOOR
Café / restaurant overlooking the River Nidd with :-
Tables & chairs for 55 diners
Stone & tiled floors
Counter area
WC with baby changing facilities
Purpose built fully fitted catering kitchen

EXTERNAL
Boat shed for boat hire
Extensive patio area along the riverside with tables & chairs for alfresco dining & 100 + covers

Raised area with decking with tables & chairs for alfresco dining

Stone built boat house for winter boat storage or summer retail outlet

Property information

Property:

Leasehold

Lease terms:

Leasehold - Original length: 30 years
Remaining: 27 years, Rent: £11,500pa

Location:

Situated in a superb location & stunning environment on the banks of the River Nidd in Knaresborough, North Yorkshire, the business which comprises of a cafe, restaurant and boat hire operation enjoys a superb position in one of Britain's most picturesque spots. Overlooked by the Castle, magnificent Victorian arched bridge and directly opposite the world famous Mother Shiptons Cave the business is ideally situated for passing trade from the many thousands of tourists who visit the area from all over the world, not to mention local people who regularly enjoy a drink, snack or main meal in this truly idyllic location. The extensive patio area which extends some 200 metres can seat over 100 diners and has moorings for 38 rowing boats. Knaresborough is an historic market town and spa town in the Borough of Harrogate, North Yorkshire and is situated approximately four miles east of Harrogate town. Knaresborough is served by Knaresborough railway station which is on the Harrogate line to Leeds & York and is serviced by Northern Rail. By road the town is easily accessed via the M1 at Junction 47 which is four miles away on the Great North road and lies on the main A59 more picturesque route from both North and South.