20 Castlegate, York, YO1 9RP
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Whitby – Popular Locals Bar with excellent consistent trade

BUSINESS FOR SALE £175,000 (ref C2027)

LOCATION

The business is situated in the centre of Whitby and is easily found within close proximity of the railway station. The property is prominently positioned with a long frontage to the street.

ACCOMMODATION

The premises form the Ground Floor of a larger building in the centre of Whitby. The upper floors are independently accessed, and there is no link between them and the subject business. The latter is situated on ground floor only.

DESCRIPTION

GROUND FLOOR: Main Bar Area + Bar Servery (10.58m x 9.41m plus recess); Snug (3.63m x 5.3m maximum); Accessible Toilet; Store (1.14m x 2.64m); Gents; Ladies

BASEMENT: Hall Area; Beer Cellar (4.7m x 4.85m); Dry Goods Store (4.46m x 3.31m); General Store (1.98m x 1.02m); Restricted Headroom Store.

EXTERNAL: Seating area with awnings

FIXTURES AND FITTINGS

The premises are fitted out and equipped to a high standard, with good quality fixtures and equipment. This includes lighting, soundsystem, TV monitors and similar. An Inventory of Trade Fixtures, Fittings and Equipment to be included in the sale will be prepared in due course.

SERVICES

Mains Water, Electricity and Drainage. Air conditioning system installed.

LOCAL AUTHORITY

Scarborough Borough Council.

RATEABLE VALUE

£25,250

PREMISES LICENCE

JKs Bar operates with a Premises Licence which permits the sale of alcohol for consumption on and off the premises between the hours of 10 a.m. and 3 a.m. the following morning each day, except Sundays when the hours are 11 a.m. to 1 a.m. the following morning. This also permits the exhibition of films, performance of live music, playing of recorded music, and light refreshments. Seriously interested parties should make their own enquiries directly of the Local Authority Licensing Department.

TENURE

The lease is for a ten year term from 29 September, 2019, ending on 28 September, 2029. The rent is £32,000 per annum with three yearly rent reviews. The tenant is responsible for all internal repairs and decoration, and there is provision for a Service Charge to be paid to the Landlord in respect of the maintenance, repair, insurance, etc. of the building as a whole.

THE TRADE AND BUSINESS

The outlet has a capacity of 190 persons. It generally trades all day, throughout the year, although variable depending upon how busy the town is. The business is fundamentally a wet driven business, with no catering offering at all.

It is extremely popular as a karaoke venue on Fridays, Saturdays and Sundays, and in addition has a regular DJ working.

Averaged over the year the outlet generates sales of around £15,000 gross per week.

It is a highly profitable business, for a partnership of two as the operators.

Detailed trading and financial information will be supplied to seriously interested parties, following inspection.

ENERGY PERFORMANCE CERTIFICATE

The property has an energy performance asset rating of C 68. A full copy of the EPC is available upon request.

VIEWING

Strictly by appointment with the Sole Selling Agents.

BUSINESS FOR SALE £175,000 (ref C2027)

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