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Leasehold Cocktail Lounge And Kitchen Located In Leamington Spa For Sale

Leamington Spa, Warwickshire, UK
Asking Price:
£149,950 Furniture / Fixtures included
Turnover:
Undisclosed
Net Profit:
Undisclosed

Leasehold Cocktail Lounge & Kitchen Located In Leamington Spa. Prominent Town Centre Trading Position. Exceptional Fixtures & Fittings. Staff Operated.

Veritas Business Sales are delighted to offer for sale Nomad, a stylish and fully fitted Cocktail Lounge & Kitchen in the heart of Leamington Spa. The current owners completely reinvented the premises, opening Nomad in December 2023. Since taking occupation, they have invested significantly in the property, undertaking refurbishment and redecoration works and installing an extensive range of quality fixtures, fittings and commercial equipment. The business is now being offered for sale because the three owners have existing professional commitments and are unable to devote the time required to maximise the opportunity.
Nomad is currently operated by a small team of staff, one full-time and three part-time and trades five days a week, with approximately 90% of turnover generated from wet sales and the remaining 10% from food. The business benefits from an experienced mixologist and is presented to the market in excellent condition, providing an incoming purchaser with a fully fitted, ready-to-trade cocktail lounge and kitchen.
There is clear scope to develop the business further, including the potential to extend the current opening hours to seven days a week and develop the food offering. An excellent opportunity for an experienced operator looking to acquire a modern, established and comprehensively equipped town-centre bar and eatery. Early viewing is highly recommended.

Property Information

Property:

Leasehold

Lease Terms:

Term: 5 years (New lease available)
Expiry: July 2028
Rent: £27,000 per annum
Service charge: £5,000 per annum
Business rates: £6,590 per annum

Location:

Nomad occupies a prominent town-centre position on Warwick Street, one of Royal Leamington Spa’s established commercial streets. The surrounding area provides an attractive mix of independent retailers, restaurants, bars, leisure operators and professional businesses, generating strong pedestrian footfall throughout the day and evening. The property is conveniently located close to The Parade, while Leamington Spa itself is an affluent and highly regarded Warwickshire town with excellent road and rail connections to Warwick, Coventry, Birmingham and London.

Premises Details:

Lounge bar which is split level and has a mixture of seating, tables & chairs to cover (60), bar servery with under-counter drinks fridge (Prodis), EPOS till system and cash drawer, 3-door under-counter fridge, single-door under-counter fridge, stainless steel sink, stainless steel wash basin, glass washer (Class EQ), dual-head espresso coffee machine (Lelit), coffee grinder, 4-tap beer pump, 12 glass display shelves, 2-door under-counter Fridge (Coca-Cola), worktop, storage cabinet, various pictures, sound and lighting system, air conditioning unit & heater x 2.
Gents toilet with WC, wash basin, wall-mounted hand dryer.
Ladies toilet with WC, wash basin, wall-mounted hand dryer, wall-mounted mirror.
Unisex/disabled toilet with WC, wash basin, wall-mounted hand dryer, 2 x wall-mounted mirrors.
Commercial kitchen comprising: saladette with marble worktop and 3-door under-counter fridge, 2 x wall mounted stainless steel shelves, stainless steel wash basin, 4-ring electric hob (Lincat), dual deep fat fryer (Hamoki), electric oven (Hamoki), under-counter fridge (Zenith), under-counter freezer (Indesit), stainless steel sink drainer with 2 draining racks, dishwasher (Adexa), ice machine (DC), stainless steel corner table, CCTV monitor (8-camera system), worktop, 10 x stainless steel shelves, cooling system for the bar, upright freezer, upright fridge (Hotpoint), upright fridge freezer (Fridgemaster), extraction canopy, rear exit door.
Please note that the kitchen has no mains gas

External
The property benefits from a front seating area providing approximately (12) covers, together with a rear yard and access to the basement.

Basement
Secure spirits storeroom. Storeroom with chest freezer (Smeg), fridge freezer (Foster), freezer (Beko), stainless steel table, storage cupboard. Shared access to a utilities/comms room. There are three additional storerooms which, subject to the necessary consents and requirements, could potentially be adapted to provide office, WC and staff facilities.

Energy Performance Rating:
C

Business Operation

Trading hours:

Sunday & Monday – closed
Tuesday – Thursday – 15:00 – 23:00
Friday – 15:00 – 01:00
Saturday – 12:00 – 01:00

Other Information

Inventory / Stock value:
£5,000
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