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Established Cocktail Bar Late With Licence In Brighton For Sale

Brighton, East Sussex, UK
Asking Price:
£58,000
Turnover:
£208,000
Net Profit:
Undisclosed

AWARD-WINNING BAR, BRIGHTON LOW OVERHEADS, EXCELLENT REPUTATION
LATE DRINKING LICENCE TILL 2AM

This is a fantastic opportunity to acquire a thriving cocktail bar with an outstanding reputation and a premises licence which allows on-and-off sales until 2am. The bar comes to the market in excellent condition, is in central Brighton and is a few minutes’ walk from Brighton’s seafront. The bar is located in a thriving area for restaurants and bars, with many tourists and locals visiting this area. There is also parking readily available, with a multi-story car park only a few minutes’ walk away. The bar has been in the current vendor’s hands for 7 years and, during this time, has created excellent goodwill, with a 4.7* rating on Google Reviews and 5* rating on Trip Advisor. The venue comes to market for the vendor to focus on their other business opportunities.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

The premises are held on a full repairing and insuring lease, which has approximately 8 years remaining on the lease, at a current rental of £15,000 per annum. The next rent review is in 3 years’ time.

Location:

This is a fantastic opportunity to acquire a thriving cocktail bar with an outstanding reputation. The bar comes to the market in excellent condition, is in central Brighton and is a few minutes’ walk from Brighton’s seafront. The bar is located in a thriving area for restaurants and bars, with many tourists and locals visiting this area. There is also parking readily available, with a multi-story car park only a few minutes’ walk away

Premises Details:

The bar comes to the market in excellent condition, with the property and equipment being regularly maintained. On entering the bar, there is a large bespoke bar towards the rear of the premises, which has a plethora of energy-efficient commercial fridges, a Classeq glass washer, a Hoshizaki ice machine, and can easily house espresso machines and draft beer systems or be converted to a kitchen setup. The bar is also fitted with a bespoke sound system, including D.A.C. speakers and CCTV. The bar has seating for 30 inside, with a mix of chairs and bar stools.
The premises showcase iconic Brighton bungaroosh walls, exposed brickwork, and a large, bespoke, modifiable pegboard menu. There is also an additional 16 covers outside to the front of the bar by way of the pavement licence, which can be used until 11pm. Adjacent to the bar is a small preparation area for food. The lower ground floor contains two toilets and a separate kitchen area. To the front of the building is a large cellar, which also has access to the CCTV system, a commercial freezer, and a quality beer cooling unit.

Planning Consent:

Sale of retail alcohol on and off the premises between 10:00 – 02:00am Thursday-Saturday and 10am-1am – Monday-Wednesday

Energy Performance Rating:
D

Business Operation

Reasons for selling:

other business opportunities

Trading hours:

5pm-11pm – Tuesday-Thursday and on Sunday, then 5pm-12am on Friday and Saturday

Employees:
3
Years established:
7

Other Information

Support & training:

yes

Website:
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