Beer Garden
External Drinking Area
Property details
Gibsons is a high street circuit bar in the centre of historical York, a highly popular tourist destination in North Yorkshire. The pub is perfectly located in the heart of the city beside the city walls and is one of the first bars at the top of Micklegate ensuring it benefits from excellent footfall.
Internally, Gibsons is a comfortable, rustic bar with a rock music-themed decor. The pub is made up of an open plan main trading area featuring the bar and small side rooms leading off from the main area.
Externally, the pub is part of a three-story terraced building with a white and black painted facade. The pub is immediately beside the City Walls and benefits from a covered hidden beer garden to the rear, adding extra appeal in the warmer weather.
The planned refurbishment will see a breadth of textures internally, exposed brickwork, attractive seating and lighting and a brighter bar with an improved back bar focused on a premium offer with more an equal drink and food split.
External works will highlight the size and maximise the use of hidden courtyard space, a rarity on the York high-street. A mixed clientele will be attracted by the stylish finish from tourists, locals, and student visitors.
Private accommodation details to be confirmed.
Catering Kitchen
Experienced Operator
Trading style
The planned refurbishment by the landlords will see Gibsons transformed into a stylish premium pub with the ability to appeal to a varied customer base, including tourists, locals, and students and further boost the potential of the pub.
The landlords are looking for a well-funded experienced operator with drive and ambition who is ready to work with the landlords to make Gibsons the go-to choice in York city centre. You will have the ability to develop the food offer and instil high standards of quality and service.
Key financials
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Reference Number:
8M9JTW / 0020429101
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Agreement Type:
Lease
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Min Ingoing Cost:
£131,943.00
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Annual Rent:
£70,163.00
The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please be aware energy performance certificates are available from the landlord.
Annual Rent £70,163
Estimated Annual Turnover £917,581
Deposit £17,541
Estimated Fixtures & Fittings Value £95,902
Estimated Stock Valuation £15,000
Estimated Working Capital £3,500
Estimated Total Ingoing Costs £131,943
Estimated Minimum Ingoing Costs £131,943
The above figures are provided as a guide only and will be finalised as part of the commercial agreement. All figures quoted are exclusive of VAT.