City Centre Bar Established Five Years 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.

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

Property information

Property:

Leasehold

Lease terms:

TENURE: 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

Living accommodation:

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

Location:

Our client is conveniently located in a pedestrianised city centre venue, which forms part of the bar circuit. All the buildings around are steeped in history and give the area a fantastic atmosphere.

There are many independent traders, which ensure a constant flow of browsers. The street itself is a major pedestrian access from the centre to the very busy financial quarter; needless to say, the footfall outside our clients business is very high.

This Derbyshire city has links to the motorway system, with its close proximity to the M1 but also good mainline rail links to the capital. A major regional airport is also in close proximity.

Other information

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

Trading hours:

Mon, Wed & Thurs: 11am – 11pm, Tues: 11am – 6pm, Fri-Sat: 11am – 1am

Financing available:

Please let us know if you require finance for the purchase of a business.

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