Oban Bar And Restaurant Opportunity For Sale

Business description

Situated in the busy tourist destination Oban in Argyll, this is a unique opportunity being two businesses in one! Two separate venues, one being a modern & chic Cafe Bar & Restaurant at street level and an Irish Pub, which is a popular live music venue, at basement level.

Both stylish venues are presented to a high standard and are each licensed for 150 customers. Each business compliments the other and share an excellent commercial kitchen.

Paparazzi Cafe Bar & Restaurant offers a vibrant atmosphere for customers to enjoy drinks and meals from the extensive menu offering local seafood and other local produce. O’Donnell’s Irish Bar offers more traditional character and has been used for a variety of functions and other celebrations. It is also well established as a popular live music venue.

If this business is of interest to you, please request full Sales Particulars or alternatively contact Derek Burgoyne by clicking on the contact seller button below.

Property information

Property:

Leasehold

Lease terms:

We are informed that the properties are held on a lease which currently runs for five years although it is expected that the landlord will not have any objection to increasing the period of the lease to 10 or more years, depending on the requirement of the new tenant. We are advised that the lease is on an internal insuring and repairing basis only and that there are no trade ties. Further information will be made available to seriously interested parties.

Leasehold rent:

£25,000 per annum

Location:

Oban is the capital of north Argyll and a busy ferry and railway terminal. However, the town is probably better known as a very popular and busy tourist destination. The town has a range of shops, supermarkets, bars and restaurants and is an ideal centre for exploring the beautiful scenery of north Argyll.

The town is full of things to do and see including an abundance of places of historic interest and scenic beauty.

Breadalbane Street is one of the main streets in the town centre and therefore ideally placed to attract and serve customers with the bar being popular with locals and visitors alike.

Premises details:

The modest exterior of the premises give little indication of the quality of the bars that customers encounter when entering.

From the street, there is a combined entrance for both bars which then gives the option of entering at ground floor level, being Paparazzi Cafe Bar, or alternatively stairs leading to the lower ground floor being O’Donnells Irish Bar.

Paparazzi Cafe Bar is presented in a highly modern and tasteful fashion. Photographs and images of celebrities and films, both iconic and modern, adorn the walls and the bar is furnished to a very high standard.

The room has a varnished wooden mock floor, attractive bar tables and seating with bar stools around the bar counter which is inself a stylish feature of the room. The restaurant is capable of seating up to 60 customers comfortably and is both ideally suited as a place to enjoy delicious cocktails or drinks whilst listening to good music or as a restaurant for a wide range of excellent foods including seafood and local produce.

O’Donnells Irish Bar is full of more traditional character. Featuring a tiled stone floor with a slightly raised wooden dance floor/stage to one end. The room has exposed timbers to the ceiling and long fixed banquet seating with bar tables to the front of them. There are also bar stools arranged around the bar counter which is a well laid out and equipped service area. There is also a covered smoking area to the rear of the premises.

CCTV security cameras are installed inside and out with a 24 hour recording system in place. Also an intruder alarm is installed which is monitored by ADT.

The properties share a professional catering kitchen which has a wide range of cooking equipment including a six burner range with full extraction with ample storage and worktops. There is also a cellar and store areas for both of the bars.

Business Operation

Expansion potential:

It is interesting to note that the current proprietor has other business interests and therefore if these bars were taken over by “hands on” owner/operators it is anticipated that business could be built up further from its current impressive levels.

Reasons for selling:

Other business interests

Trading hours:

Both bars are open all year round. However, during the summer months the opening hours are extended – with Paparazzi opening around 12noon in the summer months and around 4pm in the winter months. Both bars are licensed to 1am. However, it is often the case that regular functions are held at which times the license can be extended to 2am or 3am.

Other information

Related documents:

• 
• Sales Particulars