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15 Year FOT York Nightclub/ Pub Lease For Sale

York, North Yorkshire
Asking Price:
£250,000
Turnover:
£200K - £500K
Net Profit:
Available on request

Thomas's of York is a well established business known for incredible cocktails, great food & British decor.

This business has a licence to operate everyday of the week from 8am to 3.30am with minimal licensing restrictions
The pub trades on 2 of its 4 levels.
Has a spacious cellar
1st Floor has approx. 80-90 covers over multiple levels with 2 bars selling 22 craft beers and 3 cask ales.
2nd Floor bar/Private Function Room with approx. 70 covers and access to a large well maintained commercial kitchen. There is also access to a staff room & store room with potential to be made into an extra trading room
Large roof top area that potentially could be converted into a roof top garden with views of the York Minster.
3rd Floor well maintained private living space with 3 bedrooms, office, bathroom, large kitchen, large living room.

This pub is situated amongst some of Yorks most popular tourist destinations, a stones throw from the York Minster and minutes away from the York train station and next door to the York Tourist Information.

This pub has great potential for growth and is offered with a lease that runs till October 2034 with EI Publicans.

Currently the pub has a partially tied lease but Free of Tie is available for an incoming person to negotiate with the landlord. An estimated rent had already partially been negotiated.

The pub has a 50/50 dry to wet split.

This pub is extremely large inside and is well worth a viewing. The length of the lease, the licence, the size of the building, the location and possible potential for a roof area makes this pub unique.

If interested, please contact the seller through the form on this page.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

The lease expires in October 2034. This is a lengthy lease in a sought after market.

Leasehold Rent:

75-85 per annum

Living Accommodation:

In great condition. Well maintained and clean as a family currently live on site.
3 bedrooms, office, large living room, large kitchen and bathroom/shower room.

Location:

Right in the heart of York City Centre. Opposite the York library & the museum gardens. A stones throw away from the York Minster & right next door to the York tourist information. Amongst some of Yorks best cafes, bars & restaurants. On a main road with great visibility.

Premises Details:

Set over 2 levels the bar has several rooms to choose from as well as an upstairs area that can also be closed off for private functions and a staff room and storage room that could potentially be converted into another room opening up the whole building. There is a large roof area with no neighbours to the back that with correct planning and approval could be converted into a roof garden increasing the covers.

Planning Consent:

Planning consent for the roof garden would be needed to ensure this is possible but there is president all over York for other converted roofs to gardens.

Business Operation

Expansion Potential:

Their is potential with the correct planning and consent to possibly convert the large roof top area in a smoking/beer garden.
There is a 3.30am license that is not being used to its full potential which is for every night of the week
Rent from the 3 bed accommodation could also be a bonus with the correct permission from the council/landlord

Reasons for selling:

With a small family it's time to not live in a pub and have a 'normal' life.

Trading hours:

9am to approx midnight most nights.
The 3.30am licences is a huge advantage for a night time venue, with few late licenses now being given in York

Employees:
15-20
Years established:
2012

Other Information

Support & training:

The owner is willing to allow an incoming buyer the option to come work at the venue before hand and a full handover will be given with the assistance of EI Publicans

Furniture / Fixtures value:
£55,000
Inventory / Stock value:
£15,000
Website:
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Contact Information

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