Ref 5929 – Leasehold Café & Bar
Blacks Brokers are proud to bring to the market this leasehold café and bar located in a popular and much sought-after area of Whitby, North Yorkshire.
The Courtyard has been trading on Flowergate since 2001 with our client in ownership since 2016. The business is well-known in this area and has been firmly established within the local community. The café offers a selection of top quality menu choices in comfortable surroundings and the business has a number of excellent reviews and ratings on Trip Advisor and Google.
The business is positioned in the centre of Whitby, close to many other local businesses and large shops, yet is set quietly in Flowergate away from the hustle and bustle of the crowds. This is a very popular and busy area with close by parking available. Whitby is a densely populated area of North Yorkshire, with much tourist trade and visitors in the area.
The business is only being offered for sale due to our client’s family commitments further afield. This has meant the café has been opening on limited sporadic hours in recent months, a new owner could really drive this business forward with set opening hours and days, expanding into doing breakfast menus and late night dining.
The building is available on a competitive rent on an External Repair Only lease. The current lease ends in 2019 this is currently at a cost of £787.50 per calendar month. A 12 year lease will be renewable when this ends in 2019.
The business is housed within a traditional style, courtyard property with outdoor dining area which is set just off the main shopping area on Flowergate in an attractive walkway. The business is well branded with clean, clear signage displayed. Inside, the main servery area with bar is very nicely presented, offering seating for 20 with a combination of tables, chairs and comfortable seating & bar stools. To the rear is a kitchen and preparation area which is immaculately presented and well-equipped. Additionally, two storage rooms and a unisex toilet are positioned to the back of this space. There is much scope, if desired, for some re-development of this space to utilise the rooms differently and introduce additional seating – this type of work has already been approved by the landlord. Each area has been carefully finished with good attention to detail and the business has been awarded a 5* hygiene rating. A full inventory is available on request.
The business is currently operating with our two client’s in part-time employment and no additional staff.
Financial details are available upon a viewing of the business and the business has traded solidly over its trading history. The business has recently opened on sporadic hours due to family commitments and generates gross profits between 65-70%.
This leasehold business is long-established and well-known. There is huge scope to develop the business much further, unfortunately, due to our clients family commitments the business cannot be ran to its full potential. The introduction of set hours and a continuation of the popular themed evenings along with potential for private events, children’s parties and catering for local businesses. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised. Business: £35,000.
Please quote ref: 5929