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Cocktail Bar & Beer Specialist - Stoke-On-Trent For Sale

Stoke-On-Trent, Staffordshire
Asking Price:
£49,950 Furniture / Fixtures included
Turnover:
£133,229
Net Profit:
Available on request

Shopping Centre Trading Location
Profit & Loss 31st August 2018
Annual Turnover £133,229
Gross Profit £72,866
Growing year on year
Accounts Available After Viewing
Low Rent with a new lease
3 months rent free
Newly Fitted In 2016
Strong Online Presence
Excellent 5 Star Online Reviews on Facebook, Google & Tripadvisor
Scope To Introduce Dry Sales
Potential For Expansion On First Floor
Indoor Customer Seating For 30
Outdoor Customer Seating For 10
Scope To Extend Opening Hours
Ran under management
Would Suit Owner Operator
Price includes F&F worth over £10,000 & stock at £5,000
EPC - G

REF 6600 – Leasehold Cocktail Bar & Global Beer Specialist

Blacks Brokers are pleased to bring to the market this leasehold cocktail bar and global beer specialist located within Stoke-on-Trent.

Introduction

The business has been trading from its current location since 2016. Our client established the business to meet local demand for a cocktail bar and beer specialist in this area of the town centre. The business has become well known, gaining a large customer base and a superb reputation. There are a number of excellent online reviews noted on Trip Advisor, Facebook and Google.

Location

This area is mainly commercial with other businesses including large multiples such as The Halifax, Aldi, Subway, Boots and many more. The area is well linked by the M6 and A523 with excellent public transport links in place and parking is available in the immediate vicinity.

Reason for sale

The business would be ideally suited to a hands-on owner-operator but is currently operated by staff only due to the demands of our client's other business interests being higher than anticipated. Therefore, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

The building is available on a competitive rent on a Full Repair & Insure lease (FRI lease). This is the most common form of commercial lease. A new lease is negotiable with the landlord with a negotiable length, and the first 3 months would be rent free. The rent is £192 per week.

Staff

The business is currently operating with two full time and four part time members of staff in place. This includes a manager working on a full time basis. Our client is not involved in the day to day running of this business.

Financial details

The business has operated well during its first two years of trade. The accounts for year ending 2018 show annual turnover of £133,229 with a gross profit of £72,866. The net profit is lower than it could be under new ownership due to reinvestments, and the owners working full time elsewhere however it does still make a reasonable profit, and is on track to at least equal that for the 2019 year end if not exceed it. Full financial details are available upon viewing.

Business rates

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable. Please note, there is also a service charge of £600 per annum payable to The Smithfield Centre.

Summary

This leasehold business occupies an enviable trading position in a busy shopping centre. It has a superb reputation and large customer base. There is plenty of scope to develop the business further with the introduction of longer opening hours and additional use of the first floor to allow the business to develop a food menu. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Thur - 5pm - 12pm
Fri - 4pm - 1am
Sat - 1pm - 1am
Sun - 1pm - 12am

Contact Information

    1. Your Address

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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