17 Colliergate
York
North Yorkshire
YO1 8BN
Little Stonegate, York
£2,950,000 O.I.R.O
Public House
- A unique and renowned bar & restaurant venue in the heart of York City Centre
- Approximately 6,000 sq.ft, plus pavement seating and roof terrace, accommodating in excess of 250 covers
- Under the same ownership for nearly 25 years.
- Offered on a freehold basis (leasehold considered)
A unique and renowned bar & restaurant venue in the heart of York City Centre
Approximately 6,000 sq.ft, plus pavement seating and roof terrace, accommodating in excess of 250 covers
Under the same ownership for nearly 25 years.
Offered on a freehold basis (leasehold considered
DESCRIPTION
Introducing Kennedy's Bar & Restaurant and Sotano Tapas Bar, a unique and renowned venue in the heart of York City Centre, now available for sale on a freehold basis (leasehold sale considered subject to a new FRI lease).
This exceptional property and business operates under two distinct brands: Kennedy's Bar & Restaurant serves guests on the ground floor and pavement terrace, and Sotano Tapas Bar offers a different experience from the basement and first floor, including a roof terrace.
Operated under the same ownership for nearly 25 years, the brands have built an incredible reputation in the local and wider communities and are very popular with residents, tourists, workers, and shoppers alike. The venue, which can accommodate
more than 250 covers, is a popular spot throughout the year and provides a vibrant atmosphere from lunch until late evening.
Based on a very high-footfall street, Little Stonegate, which is just a stone's throw from the York Minster, the business has built long-standing trust for great-quality drinks, fantastic food, and a wonderful day-to-night experience for all.
LOCATION
In the centre of the historic and world-famous city of York, the business benefit from a prime location. Not only is the city home to a thriving food and drink scene, friendly locals, and a whole host of independent and large businesses, but it's also a No. 1 UK tourism destination and welcomed 8.9 million visitors in 2023 alone.
Northern Bar & Restaurant, in partnership with CGA NielsenIQ, noted York as an emerging standout performer for the hospitality industry in 2024, beating the national average sales growth among managed pubs, bars, and restaurants. Renowned for its magical Christmas markets, iconic ghost walks, historic architecture, the Anglican cathedral, the York Minster, its array of beautiful hotels, spas, and the vast selection of shops and retailers, there is no better place to be.
Little Stonegate is one of York's premier destinations for the discerning drinker and diner and is also home to an array of big names like The Botanist, Stonegate Yard, Manahatta, Slug & Lettuce, Turtle Bay, and Las Iguanas. Stonegate, adjoining to the North West, is home to many big brand name retailers like The White Company, Berry’s Jewellers, Oliver Bonas and Hotel Chocolat.
The venue is just a 10-minute walk from York Railway Station, which benefits from excellent rail links to Leeds, London, and Edinburgh. It's also close to all of York's most beloved and visited tourist attractions, from the York Dungeons, York's Chocolate
Story, the York Minster, the Railway Museum, and the River Ouse.
TERMS
We are offering the freehold, business goodwill, and fixtures and fittings for offers in the region of £2.95m. Stock is to be in addition and at valuation upon completion.
A sale of the business on a leasehold basis would be considered - offers invited.
The purchaser will acquire existing brands, websites, social channels, and audiences. Kennedy's and Sotano benefit from a combined social media audience of over 18,000.
TRADE & BUSINESS
The business has a strong trading history over the last 25 years. The complete financial trading history is available to interested parties upon request.
The business is currently managed by a dedicated team, with only one part-time proprietor. This structure not only ensures smooth operations but also presents a significant opportunity for expansion under new leadership.
PREMISES LICENCE
The premises license permits the opening hours of 8 am to 3 am and the sale of alcohol for consumption on and off the premises between 10 am and 2:40 am, seven days a week. In addition, there is a pavement license has a maximum capacity of 26 covers.
We recommend that interested parties enquire with the local authority licensing department.
OPENING HOURS
Kennedy's currently operates Wednesday through Thursday from 12 pm to 1 am, Friday from 12 pm to 2 am, Saturday from 10 am to 2 am, and Sunday from 10 am to 12 am. Closed on Monday and Tuesday.
Sotano operates Tuesday from 6 pm until late for drinks and open mic, Wednesday through Thursday from 12 pm to 1 am, Friday from 12 pm to 3 am, Saturday from 12 pm to 3 am, and Sunday from 12 pm to 1 am. Closed on Monday.
ENERGY PERFORMANCE CERTIFICATE
The property has an energy performance asset rating of C 75.
VIEWINGS
To make an enquiry and arrange a viewing of this fantastic opportunity today, get in touch via elliot.newby@stephensons4property.co.uk or 01904 233185.
DATE PREPARED
January 2025.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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