Business for sale

Business description

Advent Business Sales are pleased to offer to
the market this extremely well established
city centre bar, which has been trading
successfully for the past five years.
The current vendor originated the business in
2003 but is now reluctantly selling due to
other business interests.
The bar runs on continental lines, being very
much a coffee/tea/chocolate café during the
day, selling a select range of food as well as
alcohol, with tables, chairs and umbrellas
outside on its paved area, to a full blown bar
venue in the evenings with differing types of
music in its three separate rooms.
The bar upstairs to the front of the building
can be let out for private functions, as
indeed can the whole building if numbers of
guests require it.
The music system, which is integral hard
drive digital, through warfdale speakers, can
be linked into a DJ for private functions if
required.
Décor varies between the three bar areas,
giving the business three distinct faces.
The business has its own web site and is also
on the local cities web site, where it has been
awarded a prestigious 5 star rating.
Two full time and 6 part time employees
staff the business.
We are advised that stock at cost is
approximately £2,500 - £3,000.
The bar has full CCTV and fire and intruder
alarms.
REF: 8955DE
TRADING HOURS
Mon: 11am – 11pm
Tues: 11am – 6pm
Wed – Thurs: 11am – 11pm
Fri-Sat: 11am – 1am
EXPANSION POTENTIAL
There is further potential to increase the
business, this could include:
1. Increase private functions
2. Open Tuesday evenings and Sunday’s
3. More promotions for students
4. Convert the store room into cold
buffet prep room then offer buffets to
customers in local financial quarter
FINANCIAL INFORMATION
We have been advised by the vendor of the
following:
Annual sales: £184,000
Gross Profit: 65%
Accounts will be made available to
interested parties after a viewing has taken
place.
Please let us know if you require finance for
the purchase of a business.
BUSINESS PREMISES
The property is a two storey building; it is
double fronted with a door to the centre and
briefly comprising of:
Ground Floor
• Main bar – can accommodate 60
people and has an EPOS till, coffee
grinder and machine, fridges and
freezers and beer fonts
• Entrance to the building is
wheelchair friendly and a disabled
w/c is provided
• Opposite bar is a stairway to the
upstairs
• At rear of bar area is a doorway to a
covered courtyard
• Side door and passageway leading
to front of building
• W/c’s
• Kitchenette, with glass washer, 2
microwaves, toaster, was up sink,
fridge and freezer, wall cupboards
and shelves
•
• Leading from courtyard is a curved
stairway to first floor rear room
First Floor
• Contains a second bar room, which
has kept much of its 18th Century
charm and seats 40 – it can be let
out as a private function room. It
has its own separate bar.
• Store room
• Staff room with separate w/c
• Office
First Floor Rear
• Much loved by the younger set –
due to its décor, fixtures and
fittings, it has been nick named ‘The
Leather Lounge’. During the
evenings it has subdued lighting and
is a ‘chill out’ area and can seat 30
people.
External
• Fully paved for pedestrians
• 5 –6 tables, chairs and umbrellas
• Outside bar
TENURETENURE: Leasehold
Original lease: 15 years
Remaining lease: 10 years
Review every: 5 years
Rent: £30,000 per
annum
We are advised that the annual business
rates are currently: £4,500
VIEWING
Please DO NOT approach the business or its
employees without a prior appointment.
All appointments are to be made via our
office.