1 Little Stonegate, York, North Yorkshire, YO1
Offers in Region of
£2,950,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Restaurant for sale
Key features
- One of Yorks leading restaurants/ bars
- Rare freehold opportunity on Little Stonegate, Yorks busiest leisure pitch
- Fully fitted to a high standard
- Includes the existing business assets and brands which have a superb reputation in York
- Could be split as the basement is self contained
- Strong existing and historic trading financials
- Available for the first time in over 25 years due to retirement
- Pavement licence for 26 covers
- Alcohol licence 8am - 3am
Description
OVERVIEW
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, Kennedy's Bar &
Restaurant and Sotano Tapas Bar 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.
Benefiting from outdoor seating on the pavement terrace in the Spring/Summer
months and an impressive roof terrace garden, both rare in York, makes the
experience very attractive to visitors, tourists, and residents.
TRADE & BUSINESS
The business has a strong trading history over the last 20+ years and delivers a fair
maintainable turnover of c. £2.1m per year with an adjusted net profit of c.£400,000. 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.
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.
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.
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. The
pavement license has a maximum capacity of 26 covers.
We recommend that interested parties enquire with the local authority licensing
department.
PROPOSAL
We are offering the freehold, business goodwill, and fixtures and fittings for offers in the
region of £2,950,000. 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.
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, Kennedy's Bar &
Restaurant and Sotano Tapas Bar 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.
Benefiting from outdoor seating on the pavement terrace in the Spring/Summer
months and an impressive roof terrace garden, both rare in York, makes the
experience very attractive to visitors, tourists, and residents.
TRADE & BUSINESS
The business has a strong trading history over the last 20+ years and delivers a fair
maintainable turnover of c. £2.1m per year with an adjusted net profit of c.£400,000. 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.
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.
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.
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. The
pavement license has a maximum capacity of 26 covers.
We recommend that interested parties enquire with the local authority licensing
department.
PROPOSAL
We are offering the freehold, business goodwill, and fixtures and fittings for offers in the
region of £2,950,000. 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.
Brochures
1 Little Stonegate, York, North Yorkshire, YO1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- York Station0.4 miles
- Poppleton Station2.9 miles
About Colenso Commercial Agency Limited, York
Colenso House, Omega 1 Monks Cross Drive Huntington York YO32 9GZNotes
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