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Established Bar, Events And Hospitality Venue For Sale

North Bristol, Bristol, UK
Asking Price:
£50K - £100K Furniture / Fixtures included
Turnover:
£500K - £1M
Net Profit:
Under £50K

A rare opportunity to acquire an established and successful bar, hospitality and events business in South Gloucestershire, within easy reach of Bristol.

The business operates from a substantial multi-purpose venue and has developed a strong reputation for family entertainment, live music, private functions, community events and large-scale events alongside its regular bar and food trade.

The sale includes an extensive range of fixtures, fittings and equipment, together with the established business name, website, social media accounts and associated goodwill. The business has built a significant online following and strong local customer base.

The venue offers multiple indoor event and function spaces together with substantial outdoor space, allowing an incoming operator to develop several complementary income streams.

The business is being offered for sale due to the owner's intention to pursue other opportunities and represents an excellent platform for an experienced hospitality operator, events company or ambitious owner-operator.

A new three-year operating agreement can be made available to a suitable incoming operator, subject to landlord approval and contract.

The business is currently trading and the sale is therefore being handled on a strictly confidential basis. Further financial information, details of the premises and a full inventory can be made available to serious prospective purchasers following initial discussions.

Property Information

Property:

Leasehold

Leasehold Type:
New
Location:

The business is located in South Gloucestershire, within the greater Bristol area, with excellent access to the M4 and M5 motorway networks.

The venue serves a large local catchment area as well as attracting customers from across Bristol, South Gloucestershire and the wider region for events and private functions.

The location benefits from a mixture of established residential communities, business areas and excellent transport links.

Premises Details:

The business operates from substantial and highly flexible premises incorporating a licensed bar, large function/event space, additional event and activity areas, commercial kitchen facilities and extensive outdoor grounds.

The layout allows several activities and events to operate simultaneously and provides significant scope for private functions, family entertainment, live music, community activities and larger indoor and outdoor events.

An extensive range of fixtures, fittings and equipment used in the operation of the business is included within the sale, subject to final inventory.

A new three-year operating agreement can be made available to a suitable incoming operator, subject to landlord approval and contract.

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

The business offers considerable scope for further growth.

There is significant potential to increase food and drink sales through extended and more consistent opening hours, particularly during currently underutilised weekday periods.

The venue's multiple indoor spaces provide opportunities to expand private hire, weddings, parties, corporate events, classes, clubs and regular daytime activities, while the extensive outdoor space offers further potential for festivals, family events, markets and seasonal activities.

An incoming operator could also further develop the venue's established entertainment programme, increase the frequency of ticketed events and make greater commercial use of its substantial social media audience and online reach.

Additional opportunities exist to develop corporate and business bookings, sports-related trade, external catering and partnerships with local organisations and event operators.

The premises and established customer base provide an incoming operator with a platform to grow several revenue streams without the substantial initial investment normally required to establish a new hospitality and events venue.

Competition / Market:

The business operates within a competitive hospitality market, with a number of pubs, restaurants and function venues across the wider Bristol and South Gloucestershire area.

However, the scale and flexibility of the premises, extensive outdoor space and established events programme differentiate the business from a traditional pub or restaurant operation.

The business has developed a strong local reputation and substantial online audience, with its combination of hospitality, entertainment, family events, private functions and community activities providing multiple revenue streams and a distinctive position within the local market.

Reasons for selling:

To pursue other opportunities

Employees:
10
Years established:
7

Other Information

Support & training:

Negotiable