Business for sale

Business description

Situated in a parade, excellent main road trading position, close to the University and City Centre, Leicestershire

We are informed the turnover averages £1,100/£1,200 p.w. (wet sales only), in our opinion offering tremendous potential for further increase in the right hands. Gross profit 63% approx.

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £55,000 plus STOCK AT VALUATION (£1,000 approx).SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Features Outstanding opportunity to acquire an attractive Bar with Full On Licence and we understand Full A3 use.

Front area with space for 2 tables and 6 chairs.

Attractive shop front which can be fully opened (weather permitting)

The Bar has an attractive wooden strip floor. Tables and chairs providing seating for 19 persons. Ceiling fan. Air conditioning. Bar with 2 pumps (3 heads on each), 1 double door glass fronted counter fridge, 1 upright single door glass fronted fridge.

Rear kitchen with ceramic tiled floor, gas hob, electric cooker, 2 fridges, 3 deep freezes, 2 microwave ovens, contact grill, double sink and drainer.

Refrigerated Beer Cellar

From the ground floor bar there are stairs to a first floor function room, also air conditioned, laminated strip floor, this room can accommodate up to a maximum of 45 persons.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's cloakroom with urinal, w.c. and wash hand basin

Staff The business is at present operated by a husband and wife team.

Opening Hours Monday - Thursday inclusive - 2 p.m. - 11 p.m.
Friday & Saturday - 2 p.m. - 1 a.m.
Sunday opening - 2 p.m. - 10.30 p.m.

Outside Small yard.

Tenure We understand the premises are held on a secure renewable lease for a period of 6 years from 10th October, 2005 at a rental of £12,000 p.a. exclusive of rates for the first 3 years, with rent to be agreed thereafter.

Uniform Business Rates: £410 p.a. approx. (after small business relief)

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL FITTED BAR IN THIS SOUGHT AFTER POSITION. IN OUR OPINION THE BUSINESS OFFERS TREMENDOUS POTENTIAL FOR FURTHER INCREASE IN THE RIGHT HANDS.

RECOMMENDED FOR EARLY INSPECTION


Reference : R8121