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Restaurant And Bar For Sale

York, North Yorkshire, UK
Asking Price:
£199,950
Turnover:
£442,000
Net Profit:
Undisclosed

RESTAURANT AND BAR in York for Sale.

Occupying a prime position on one of York’s most sought-after pedestrianised streets, this exceptional licensed restaurant benefits from outstanding year-round footfall from both shoppers and tourists. Beautifully refurbished just two years ago, the business is presented to an excellent standard and requires no further capital investment. The restaurant accommodates approximately 80 covers within a spacious open-plan dining area, centred around an impressive open grill kitchen that creates an engaging dining experience while allowing for highly efficient day-to-day operations. The business currently serves breakfast, lunch and dinner, benefiting from consistent trade throughout the day. Predominantly staff-managed, it represents an ideal opportunity for both owner-operators and investors.

A particularly rare feature for York city centre is the abundance of outdoor dining space. To the rear is an attractive enclosed walled garden with seating for over 20 customers beneath a canopy, while the front of the premises
benefits from licensed pavement seating with four bistro tables—perfect for customers wishing to enjoy the vibrant atmosphere and people-watch. The business currently generates an impressive weekly turnover of £8,000–£9,000, with significant scope to increase revenue by introducing a breakfast offering to meet strong local demand. The rent is highly competitive for such a prestigious, high-footfall location. In addition, there is potential (subject to the necessary planning consents) to convert the first floor into a spacious two-bedroom owner’s apartment, adding further value and flexibility.

Ideally situated close to renowned establishments including The Ivy and Bettys Tea Rooms, the restaurant benefits from being surrounded by some of York’s most popular hospitality and retail destinations, attracting substantial pedestrian traffic throughout the year.

The premises benefit from an attractive frontage onto a major pedestrianised shopping thoroughfare, leading into a reception bar and a spacious open-plan restaurant centred around an impressive open grill kitchen. The dining area extends deep into the property, providing ample seating, while a disabled-access WC is conveniently located on the ground floor. Sliding glazed doors open onto a private enclosed walled garden with covered seating for more than 20 customers. The first floor comprises of a preparation kitchen, two ladies’ and two gentlemen’s toilets, two additional rooms, and a bathroom, currently utilised as staff facilities, with potential for alternative use subject to the necessary consents. To the front of the premises, licensed pavement seating accommodates four bistro tables, providing an attractive al fresco dining option.

This is a rare opportunity to acquire a well-established, profitable restaurant in one of York’s premier trading locations, with excellent existing turnover, minimal operational complexity, and substantial opportunities for future growth. EPC Band D.

Property Information

Property:

Leasehold