City Centre Restaurant In York For Sale - North Yorkshire, United Kingdom

Advert Ref: C1100

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Asking price: £149,500

Asking price:
£149,500 (Furniture / Fixtures included)
Sales revenue:
Available on request
Cash flow:
Available on request


Operated by the current proprietors for around 12 years, & having built up an excellent reputation for its high quality cuisine, with much repeat business generated. Also benefits from its excellent location close to many of York’s attractions & retailing centre. Being extremely well appointed and set out for easy management, the business can be operated in a highly efficient manner, with a minimal amount of staff needed. The business shows excellent, consistent levels of sales and profitability, yet still has potential to improve upon these, as the Restaurant operates only five nights per week, with no lunchtime trading at all.


Property:
Leasehold
Lease terms:
The premises are held on a 15 year lease from 9th May, 1995, which has been extended to create a lease up to 8th May, 2020, thereby now having an unexpired term of around 13 years. The rent is £27,500 per annum, subject to a review at the end of every fourth year of the lease. There is also a payment to the Landlord as a contribution to the insurance of the building and a service charge in respect of the landlord’s obligations to maintain the structural parts of the building and common parts. Otherwise the tenant is responsible for all internal parts.
Location:
The premises form the Lower Ground Floor of a substantial building fronting directly onto Clifford Street, having access by way of a slightly recessed entrance area.

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