Key Features:
- Two well-established bars in a prime town centre location
- Strong local customer base and high tourist footfall
- Staff-run model with scope for an owner-operator to grow
- Combined sales of £208,283 in 2023 with a 66% gross margin
- Leasehold with 5-year renewable leases at £12,000 + VAT each
- Unique offering with a cocktail bar and craft beer micropub
This is a unique and confidential opportunity to acquire two well-established and popular bars in the heart of Leek, Staffordshire. The businesses are being offered for sale as a going concern due to the owner's other commitments. Both venues have been carefully developed to appeal to a loyal local customer base as well as visitors to the area, benefiting from their prime town centre location.
Beyond the Pale is a modern micropub known for its craft ales, beers, and cocktails, attracting a dedicated following. Sparrow Park is a stylish cocktail bar featuring a rooftop terrace, offering a unique experience in the local hospitality scene. Both businesses operate largely staff-run, providing a flexible opportunity for an owner-operator to take a more hands-on role or continue as a semi-passive investment.
The combined businesses generated total sales of £208,283 in 2023, with a gross margin of 66%. Operating expenses resulted in a small reported loss; however, after adjusting for discretionary expenses, the Seller's Discretionary Earnings (SDE) is estimated at £40,067. A more involved owner-operator could further increase profitability by reducing staff costs and optimising operations.
Key Features:
Two thriving bars with strong trade figures and an excellent reputationLoyal local customer base and high tourist footfall due to proximity to The Peak DistrictLargely staff-run, providing flexibility for an owner-operator or investorPotential for further growth and cost savings under a full-time ownerLeasehold with 5-year renewable leases, each with a rent of £12,000 + VAT per annumSmall Business Rate Relief currently applied to both venuesPrime trading position in the heart of Leek, a town known for its strong independent business communityExcellent transport links, with easy access via the M6 and A523 and strong public transport optionsDistinct venues, including a craft beer-focused micropub and a cocktail bar with a rooftop terrace
Leasehold offers of £79,950 + Stock | Ref: VX------V
Don't miss this confidential and rare opportunity to own two successful and complementary bars in a prime location. Get in touch with us to find out more and take the first step towards an exciting new venture in the hospitality industry.
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