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Stylish Lounge Bar In Sutton Coldfield For Sale

Sutton Coldfield, West Midlands, UK
Asking Price:
£189,000 Furniture / Fixtures included
Turnover:
£312,000
Net Profit:
£50K - £100K

Enjoying all the considerable commercial advantages of its prime and much sought after position among other numerous complementary outlets in an attractive and fashionable area of Sutton Coldfield

This is a very well-established concern has earned itself a priceless reputation with visitors and locals alike for its quality of ambience and friendly service during 5years of highly successful trading. The business primarily offers a full and varied offering of wines, beers and spirits served in the very pleasant surroundings of a tastefully furnished and appointed in-house area which may accommodate some 160 (int & ext.) covers in style and comfort.

“The Business has a strong and established regular local customer base drawn from a wide surrounding catchment area combined with all the volume of year-round passing trade generated by such a high-profile position result in consistent levels of turnover and profitability.

The additional fact that a full and valuable inventory of all the modern well-maintained catering and ancillary fixture and fittings necessary for the successful operating of the business is to be included in the sale price also helps to make this a truly comprehensive commercial package which ought not to be missed!!

Run at present by the owner he has maintained and developed an excellent reputation and high degree of goodwill for any new owner over the years with the aid of an experienced and motivated team of full and part time assistants who would be an asset to any purchaser, this would present a marvellous opportunity for anyone with an appropriate catering or management background seeking an extremely well located, superbly equipped and locally going concern operating in a popular and diverse service sector of consistent high demand.

The business is also one which occupies super premises which would be eminently adaptable to any number of other potentially lucrative licensed dining and hospitality styles and one which would naturally furnish any enthusiastic purchaser with ample scope for continued growth and increased profitability not least with regard to a degree of menu expansion, the further introduction of wines and spirits , operating significantly extended daytime hours in order to exploit local demand and to generally adopting a more vigorous marketing policy for its excellent existing facilities and services.

We would therefore unreservedly recommend a viewing of a stunning commercial proposition of uncommon quality and real further development potential which only comes onto the market due to an impending Semi Retirement and one which has consequently been very sensibly priced to ensure the earliest possible sale.

Current weekly takings £6000 + per week with good profits and scope to increase.

The premises are being offered with the benefit of a existing or a new lease
Rent amounts to £32500 pa

Open 5 days a week to late – Weds-Sun.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Leasehold Rent:

£32,500 per annum

Location:

Located just off a busy road with plenty of footfall

Premises Details:

Two storey premises with all amenities you would expect of a successful Business operation

Business Operation

Expansion Potential:

Adaptable to any number of other potentially lucrative licenced dining and hospitality styles .
Offer a degree of menu expansion and further introduction of wines and spirits

Trading hours:

5 days -till late . Wed-Sunday

Years established:
5

Other Information

Support & training:

Handover period guaranteed