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Established Wine Bar In Morpeth For Sale

Morpeth, Northumberland
Asking Price:
£250,000 Furniture / Fixtures included
Turnover:
£150,000
Net Profit:
Available on request

• Turnover circa £150,000 per annum.
• Main road position in popular market town.
• Popular, long established trading business.
• Ground floor bar and dining area.
• First floor lounge/private function room.
• Attractive 2 storey property in excellent order.
• FREEHOLD OFFERS OVER £250,000

Property information

Property:

Freehold

Location:

Located on the main road running down from the north of the town down towards the Market Place and central shopping district. The immediate area is a mixture of commercial and residential property and there is on street parking opposite and in the side streets.

Premises Details:

Comprises a mid terrace, two storey, stone built property with a pitched roof over.

Energy Performance Rating:
C

Business Operation

Competition / Market:

This a well established wine bar and small bistro which has been in our clients ownership since 2004 but has now been placed on the market as they wish to retire.

The trading name has been established from this site for 40 years and the property is located on the main road running down from the north of the town down towards the Market Place and central shopping district. The immediate area is a mixture of commercial and residential property and there is on street parking opposite and in the side streets.

The trade is currently evening only and food is only served to order on specific evenings. The business has a loyal customer base and there is huge scope for a new owner to develop the business, particularly from the food aspect. The business has a reputation for regular live music acts which always bring good crowds.

The property and interior is in excellent order with an attractive split level bar and dining area and a pleasant first floor lounge which is an ideal size for small private functions. The whole property can also be booked out and is licensed for up to 90 persons.

Reasons for selling:

Ill health forces a reluctant sale.

Trading hours:

Monday - Thursday 4pm - 11pm
Friday & Saturday 4pm - Midnight
Sunday 5pm - 11pm

Employees:
Sold free of staff.

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