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Established Shuffleboard Bar And Kitchen In Southampton For Sale

Southampton, Hampshire, UK
Asking Price:
£95,000 Furniture / Fixtures and Inventory / Stock included
Turnover:
£355,000
Net Profit:
Under £50K

This business was established over a year ago by four hospitality business owners with a proven track record of success in the industry (five well known hospitality & leisure venues in the existing portfolio).

Launched in May 2021 it has established itself over the past 12 months to a steady trading level. The venue is still experiencing strong growth in both wet and dry trade and with a great deal of potential for further improvement.

Located in the beating heart of Southampton's Bedford Place, the venue benefits from a large outdoor area, and a good amount of passing trade throughout the week.

Reasons for sale; Re-balancing of existing portfolio with a focus on diversification into other areas, unforeseen external time pressures within current ownership team.

The venue provides a unique offering not found anywhere else in Southampton with three bookable shuffleboard tables plus a private upstairs event space with dedicated bar and facilities.

This listing is being sold as a turnkey business, including staff, licence (including live sport), 25 year lease (with 5 year break clauses), social media, cleaning contracts, dedicated sales manager and established web presence and all existing marketing assets. In addition to this, the business benefits from an existing digital infrastructure, which includes: bookkeeping, rota management, digital EPOS, specialist bar stock management, online booking system with integrated payments, and more.

The venue is also fitted with a fully integrated AV system, including digital mixer, integrated media server, Chamsys-controlled lighting system and distributed video and AV system.

The business also benefits from an ongoing working relationship with a local marketing agency that handles all aspects of social media, marketing and bookings.

Ideal owner will have some experience of working in the hospitality industry, and a passion for delivering a unique experience to customers.

This listing includes all existing assets, to include, but not limited to; bar fixtures & fittings, furniture, and a functional kitchen (with twin deck pizza oven, walk-in fridge, freezer, and counter top fridge).

3x 14ft Premium SHUFL brand Shuffleboard tables are included in the listing, however this is negotiable depending on intended use.

This is an opportunity to purchase a ready-to-go venue that will start generating income from day 1. The business would benefit greatly from a passionate individual/team that could leverage this fantastic venue's potential.

For more information, please contact us by using the form below.

Property Information

Property:

Leasehold

Lease Terms:

25 year lease with 5 year break clause. Covid clause in place to protect the business in the event of forced closure.

Leasehold Rent:

£25,000 per annum

Location:

Prime location in the designated area for night time economy.

Premises Details:

Two-storey 1625sq ft (151sq m) premises with large outdoor frontage. Purpose built cellar, two large bars, private function room and fully equipped kitchen with walk-in fridge.

Size in square feet:
1,625
Planning Consent:

All relevant licensing and planning currently in place. 12am premises license currently.

Business Operation

Expansion Potential:

Strong branding & concept, however would benefit from additional effort to focus on organised regular events. Council investment into local area will benefit the business, starting in Q1 2023.

Competition / Market:

No other dedicated shuffleboard bars within Southampton, benefits from being situated in an area with nearby bars & nightclubs.

Reasons for selling:

Re-balancing of existing portfolio with a focus on diversification into other areas, unforeseen external time pressures within current ownership team. Partial sale option available.

Trading hours:

Tuesday-Friday 16:00-00:00
Saturday 12:00 - 00:00
Sunday 16:00 - 00:00

Employees:
8
Years established:
1

Other Information

Support & training:

Support and training can be provided. Existing staff are in place to run the venue.

Furniture / Fixtures value:
£65,000 - included in the asking price
Inventory / Stock value:
£7,500 - included in the asking price
Website:
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