£80,000

Restaurant for sale

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Just added
Business

£80,000

(£80,000.00/sq. ft)

Restaurant for sale

Borogate, Helmsley YO62

1 sq. ft

Local area information

Property location

Nearby amenities

  • Helmsley Community Primary School 0.2 miles
  • Ryedale School 2.7 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Features and description

  • Well established café/tea room
  • Busy town centre location
  • Seating over two floors
  • External Courtyard Seating
  • Gross turnover of £220,000
  • Huge potential
Location:
Crema Coffee House is located in the historic market town of Helmsley, accessed via the A170,20 miles North of York, North Yorkshire. The town lies on the outskirts of the North York Moors National Park and enjoys a thriving tourist and local all-year trade. Surrounded by famous attractions and nearby towns and cities such as Malton and Thirsk, Helmsley is an excellent place to stay to explore this wonderful part of England.

The property is a terraced property situated in a busy market town. It is a two-storey property understood to date from the early 19th century and is of stone construction under a pitched tile roof.

The property briefly comprises:-

trade areas:
A beautifully presented double fronted room, with entrance directly from the street. You are welcomed into the ground floor where there is table seating for 24. The room retains plenty of charm and character with a feature fireplace and wooden beams.

To the rear is a well-equipped kitchen with lots of space. In addition, there is a washing up room.

On the first floor is further seating for 26, comfy sofas and character features. Toilet facilities are also located on this floor.

All trade areas are finished to a high standard. Our client has invested in a new staircase and undertaken extensive refurbishments throughout.

External:
To the rear of the property is a private rear courtyard with further seating for 22; an excellent space to utilise during the warmer months.

Services:
All mains services are connected.

Local authority: North Yorkshire County Council

Rateable value from 1 April 2023 £16,250

business:
The current owner operates the business from 10am to 4pm and is open 7 days per week in the summer months and 5 to 6 days per week during the winter months, with full time, part time and seasonal staff. The business has an operating licence from 9am to 8pm so there is scope to extend the current operating hours. The business serves a typical cafe menu of sandwiches, paninis, toasties and jacket potatoes alongside seasonal specials so there is potential to expand the current menu.

The business generates a regular net turnover in the region of £200,000 per annum with a good net profit. The cafe is extremely popular with tourists and the local community.

Tenure:
Leasehold £80,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.

The property will be held on a new full repairing and insuring lease agreement from a private individual, for a term of five years granted to the new business owner. The lease will fall within the security provisions of the Landlord & Tenant Act 1954 and will be fully assignable, subject to the Landlord’s consent. Rent currently stands at £21,000 per annum paid monthly in advance. An incoming party will be required to provide a rental deposit to the Landlord in advance plus personal guarantees.

More information

Property descriptions and related information displayed on this page are marketing materials provided by - Sidney Phillips. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Sidney Phillips for full details and further information.

  1. Zoopla
  2. Commercial for sale
  3. North Yorkshire
  4. York
  5. Helmsley
  6. Borogate