The property comprises:-
EXPANSIVE OPEN PLAN TRADING AREA
Completely refurbished 5 years ago. Highly class fit out and quality fixtures and fittings throughout and state of the art speaker and sound system with full integrated CCTV.
RECESSED ENTRANCE PORCH AND OUTSIDE TRADING AREA
Seating 20 plus at quality outside furniture.
Leading through to:
MAIN TRADING AREA (Capacity 200)
With floor to ceiling glazed window/door on entrance. Main bar servery to left hand side with bespoke back bar fitting, espresso coffee machine, glass washer, till system, bottle fridges and small beer cellar behind.
Centrally positioned, fixed high bar seating section with a range of upholstered seating and lose seating with tables throughout the trading floor. Yamaha grand piano to far corner.
VIP RAISED SECTION
LADIES, GENTS & DISABLED WC’S
COMMERCIAL KITCHEN
Fully equipped with Rational oven, range of professional catering equipment, fridges, freezers, main extraction and non-slip flooring.
GROUND FLOOR BEER CELLAR
Service corridor leading to
CLEANERS CUPBOARD
WINE CUPBOARD
BIN STORAGE AREA
At the far end of the service corridor.
GENERAL INFORMATION
TENURE
Leasehold. We have been informed that the property is held on an internal repairing and insuring lease, at a current rental of £62,750 + VAT per annum, which has been fixed for the next 5 years.
SERVICE CHARGE
£7,000 per annum + VAT.
THE BUSINESS
Elton's Piano Bar has established a strong reputation as one of Torbay’s most distinctive hospitality venues, successfully combining a stylish piano lounge atmosphere with quality food, premium drinks and regular live entertainment. Unlike some other traditional town centre bars, the business offers a sophisticated and experiential concept centred around live piano performances and vocal entertainment, creating a vibrant yet welcoming environment that appeals to both residents and visitors to the English Riviera.
Regular resident performers help generate repeat custom and have contributed significantly to the venue's growing reputation.
The business benefits from multiple income streams including drink sales of premium cocktails, wines, champagnes, spirits together with tapas dining, sharing platters and private events. The food offering has been carefully developed to complement the drinks-led operation encouraging customers to extend their stay and increasing average spend per head.
The operation benefits from a carefully balanced offering of:
- Premium cocktails and speciality drinks
- Extensive wine, champagne and prosecco selections
- Tapas and small plates dining
- Sharing boards and seafood platters
- Live piano and vocal entertainment
- Private VIP parties and celebrations
- Corporate and hospitality events
- 4am late license
The business is currently operated by a single owner, supported by three full-time members of staff together with a flexible team of part-time employees. Trading is focused over five days per week, opening Wednesday to Sunday, with afternoon and evening service complemented by regular live piano entertainment. The business currently operates on more of a lifestyle basis, presenting clear scope for a new owner to extend opening hours, broaden the food offering or introduce additional trading initiatives to further enhance turnover and profitability.
EPC RATING B
INVENTORY
To include furnishings and equipment as per an inventory to be supplied, but excluding the owners personal effects.
STOCK
Wet and Dry stock in trade and Bar Glassware will be taken over by the purchaser at valuation on the day of completion.
VIEWING
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
