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Rare Opportunity To Purchase Well Renowned Public Bar For Lease

Ayr, South Ayrshire
Asking Price:
£15,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
Under £50K

The Smugglers Bar is a well renowned public house, which has been run by the same family for 18 years and they are now wishing to retire.

The pub is very well presented and was fully refurbished fairly recently and is fitted to a traditional design.

This is a rare opportunity for a first time buyer to hit the ground running. There is good potential to expand the business and with the introduction of new owners and new constructive ideas it offers ample scope to take trade to a higher level.

The Smugglers is well known as a "locals" pub and has an extremely vibrant atmosphere on Fridays to Sundays due to excellent karaoke evenings.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

There is appoximately 5 years remaining on the lease but we understand the lanlord will be flexible on the terms of a new lease on expiry of the existing lease.

Leasehold Rent:

£11,180 per annum

Location:

The Smugglers has a prominent location at the top of South Harbour Street, adjacent to the River Ayr.

Premises Details:

The premises are on the ground floor of a 3 storey building
Internally there is mainly bench seating with a few bar stools. The premises has a capacity for 40 persons in total.

There are 2 ladies toilets and 1 male toilet. The smugglers has 3 televisions and the beer cellar and spirit store is downstairs in the basement.

Business Operation

Expansion Potential:

A new owner with new ideas would have ample scope to expand trade.
The premises are in walk in condition and full attention could be devoted to the running of the business.
This is an excellent opportunity to purchase an existing business at an extremely reasonable price.

Reasons for selling:

Retirement.

Trading hours:

10 am to12 midnight ,Monday to Thursday.
10 am to 12,30 am,Friday & Saturday.
12.30 pm to 12 midnight on Sundays.

Employees:
1 plus karaoke opperator.
Years established:
Esablished for many years and the current business owners have been opperating for 18 years.

Other Information

Financing available:

We are normally able to introduce you to sources of commercial funding.

Related Documents:

Contact Information

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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