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Small Freehouse Bar Brighton Reduced For Quick Sale For Sale

Brighton & Hove, East Sussex, UK
Asking Price:
£52,500 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
£50K - £100K

Velvet Jacks bar is located along the Western Rd opposite Norfolk Square with a south facing front which is a beautiful sun trap

It's a small quirky little free house with a fabulous atmosphere.

The lease has about 5years left on it but it is an old fashioned lease which is 'inside the act'

This means it is your lease for as long as you like (look it up)

Rent £14,500 + vat PA

Rates £2,700 PA (no charges until next year due to covid)

We have an A3 licence with a variation, which means we can sell alcohol without food (although food should be available) ie pizza

Fully equipped kitchen, including a pizza oven in the price, plus fixtures & fittings & everything you need to run the bar

We are in the top 7 cocktail bars in Brighton, voted 4th best small bar, & best women's bar in G Scene magazine.

We are asking £52,500, but are happy to talk about a very reasonable offer as a recent sale collapsed & I am looking to semi retire.


Takings are £3000 plus week,although the covid situation is making us a whole lot busier!! We are only open from 3pm until close 6 days a week so there is scope for further opening times. There are also many other avenues to consider to increase the takings.

. In house training given if required.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

5 years left but renewable

Leasehold Rent:

£14,600 per annum

Location:

High footfall busy road. One road back from Brighton seafront.

Premises Details:

Ground floor and basement

Business Operation

Expansion Potential:

The business would benefit from bi-folding doors to the front which is a suntrap. Downstairs toilets could be relocated to make more room for patrons.

Reasons for selling:

Semi-retirement

Trading hours:

Tues - Sun

Employees:
2 part time
Years established:
5

Other Information

Support & training:

Yes

Contact Seller

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