Harbour Restaurant and Bar in Whitby
Price:
Leasehold - £750,000
Location:
North Yorkshire, Whitby
Business Type:
Food Service Businesses, Pubs
Preferred Commercial is pleased to offer for sale this popular restaurant and bar, which has been in our client's careful hands since 2002 and which is only now being placed on the market due to our client's other business interests. The business occupies 2-storey premises with large restaurant and bar, with seating for approximately 150-covers, situated on the first floor overlooking Whitby Harbour. The restaurant offers a wide range of traditional pub food, alcoholic beverages and cocktails, and enjoys much repeat trade from both locals and tourists. On the ground floor there are 8 market stalls, housing regular market traders, which generate an additional income of £50,000 per annum. This income more than covers the annual rent charged for the whole building. The premises are well-equipped to suit the trade and in recent years have had extensive refurbishment throughout. Our client has developed an excellent reputation and a loyal customer base by offering a welcoming and relaxing atmosphere. The business generates a turnover in the region of £900,000 per annum and we feel that this could be increased further by perhaps introducing a modest marketing campaign such as a website. The new owner could, if desired, apply for planning permission to have a further balcony built, which would allow further seating. This is an ideal opportunity to acquire a rare restaurant and bar, which is in a walk-in-and-trade condition, with scope to develop further. Early negotiations with Preferred Commercial must come highly recommended.
The Shambles is ideally located in the thriving town centre of Whitby, North Yorkshire. The restaurant and bar are situated within the popular market place, overlooking Whitby Harbour, and boast stunning views of the marina and the North Sea coast line. The business benefits from good transport links to the area and there are several car parks nearby. Whitby is one of the most beautiful and fascinating towns on the North Yorkshire Coast. Whitby's cliffs hold a wealth of fossils and the famous Whitby jet, and are popular with tourists all year round. There are many hotels, guesthouses, cafes, restaurants and attractions, making the town a vibrant and exciting place to visit. Scarborough lies approximately 20 miles away and York is approximately 50 miles away.
Leasehold
Original lease:25 years
Remaining lease length:15 years
Rent review:every 5 years
Rent:£45,000 per annum
2-storey restaurant and bar premises, situated in an enviable location, with large indoor and outdoor seating area. Briefly comprising:
Ground Floor
• Cellar with 21 lines, which include 9 real ale and 10 lager/cider/fizzy with 2 spare, 2 x storage rooms
• Large indoor market with 8-stalls
First Floor
• Large traditional wooden style bar equipped to suit with electronic cash register
• Bar area with air-conditioning, glass double doors, which open onto the balcony area overlooking the harbour
• Snooker room
• Dining/function room
• Commercial kitchen, well-equipped and with various worktops, shelves, 2 x refrigerators, 2 x freezers, 2 x deep fat fryers, 6-burner hob and oven and a large walk-in chiller
• Office with desk and CCTV security system.
• Ladies and gents WCs
• Disabled WC/Baby change area
External
• Balcony with tables and chairs
North Yorkshire
£ 750,000
North Yorkshire
£ 475,000
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