Venue Bar (Letting Rooms) - Confidential
Advert ref: #710
Category: Food -> Drinking places
Location: England -> South East -> Norfolk -> Norwich
Category: Food -> Drinking places
Location: England -> South East -> Norfolk -> Norwich
Business for sale
Asking Price:
£1,000,000
Turnover:
£600,000
Annual profit:
£200,000
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
8
Employees:
No
Photos:
No
Ownership:
Limited company
Business description
High profile Venue Bar complex FREEHOUSE with Letting Rooms located on main leisure “footfall” within City CentreThis instruction is being handled exclusively by our Managing Director GRAHAM ALLMAN who viewed the property personally.
GA-SELECT is offering this imposing business at an asking price of £1,250,000 FREEHOLD to include fixtures and fittings, goodwill plus s.a.v.
*Fronting main leisure thoroughfare within thriving city centre
*Café bar frontage (40) – ground floor bar ( 260) – basement bar (200) – full air conditioning
*Eight letting bedrooms en-suite
*Sales vary from £490,000 to £732,000 p.a. inc vat over last five years
*Gross profit of 73% with Net Profits up to £200,000
*Same private ownership for 32 years – retirement sale
*Amazing untapped potential for the site which is crying out for a new forward thinking energetic owner
*Full “on-licence” – 3 a.m. over 7 days
Ref: g4161f