Financial Details
Asking price: £750,000
Sales revenue: £415,000
Net profit: Undisclosed
Fixtures value: Undisclosed
Stock value: Undisclosed

  • Photograph of this business for sale

Business Description
HISTORY

• Established for 4 years by current vendors
• Previously a well established solicitors
• Business has grown from strength to strength since opening, with continual development
• The business had originally been valued at £975,000, but due to the vendor’s deteriorating health, the price has been drastically reduced

REASON FOR SALE

• Vendor retirement

PRODUCTS

• A wide range of alcoholic drinks
• Range of non alcoholic drinks
• Comprehensive and very individual menu

SERVICES

• Rotary club meetings
• Wedding functions
• Business meetings
• Social events and parties

CUSTOMERS

• Very good local knowledge and recognised trading name
• Rotary club members
• General public
• Events goers

SUPPLIERS

• All stock supplied through a variety of local sources

STRENGTHS

• Very well established in the town
• Loyal repeat customer base
• Location benefits from significant footfall 24hrs per day on main restaurant and socialising strip
• Increased turnover during weekly market days and annual market fair (2nd largest in UK)
• Premises can easily accommodate 200 + patrons
• Completely refurbished 3 years ago
• Recent licence attained for street cafe area to the front of premises





DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967).
General Information
Employees:• 3 full time managers • 7 bar staff • 2 waitresses • 2 Chefs • 2 Assistant chefs
Trading hours:• Monday to Wednesday 11am - 4pm • Thursday to Saturday 11am - 11pm • Sunday 12pm - 11pm
Property:Freehold
Living accomodation:• Separate living quarters incorporating 2 bedrooms, one with en-suite • Living area • Bathroom and WC
Location:• Prominent trading position in centre of town on main licence circuit
• Located in a densely populated retail and pedestrianised area
• Large frontage highly visible
Premises Details:• Freehold 3 storey premises

Ground Floor:
• Main ground floor bar area
• Air conditioning
• CCTV system
• Comfort areas including leather sofa seating area to the front and rear of bar area
• 2 Fruit machines
• Stairs to Cellar
• Dumb waiter leading from ground floor to 1st and 2nd floors
• Staircase to first floor

First Floor:
• Private dining restaurant with integral bar area
• Air conditioning
• CCTV system
• Original fireplace
• Antique effect dark wood dining table and chairs for up to 40 covers
• Refurbished Men’s & Women’s WCs
• Staircase to second floor

Second Floor:
• Separate central heating system
• Fully equipped catering kitchen
• Separate living quarters incorporating 2 bedrooms, one with en-suite
• Living area
• Bathroom and WC

Rear:
• Patio & licensed area to the rear with weather proof system for approximately 25
Expansion potential:• Scope to purchase land area to the rear of premises increasing square footage significantly • Significant potential to offer evening meals • Opening hours can be extended to (all day) opening • Opportunity to further increase floor space • Very little marketing currently undertaken • Licensed to 1am at the weekends currently not taken advantage of • Clean and bright living quarters make this an ideal purchase for husband and wife team. • Promotion of events and parties would be an advantage
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