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Theatre Bar, Alcohol Licensed Premises With 3Bed Apartment For Sale

Rhondda Cynon Taf
Asking Price:
£210,000
Turnover:
£100K - £200K
Net Profit:
Under £50K

This is a versatile venue in Trehebert currently run on a very slow pace (3 evenings a week only) as a Theatre Bar/Ice Cream parlour. It also stocks one of the most popular ice cream producers in Wales and offers an ice-cream parlour area, as well as an established home delivery service which could be greatly expanded to include weekdays and weekends.
Also an ideal venue for private bookings.
The venue also has a full alcohol and performance licence. As well as the main business venue, the sale also includes a 3 bed apartment above, which could be used for owner accommodation, or be let to generate further income.
Established as the area's only Theatre Bar, the venue is growing in popularity with customers and performers alike.

Property information

Property:

Freehold

Living Accommodation:

A spacious 3 bedroomed apartment above. Large Kitchen Breakfast room, Reception 1, Bathroom, 3 double bedrooms. The property benefits from a new Central Heating system for the apartment. Ideal as owner occupier accommodation, or for letting purposes to generate additional income.

Location:

On the main road with direct links to the very popular Rhigos Mountains, which is popular all year round with visitors.

Premises Details:

A prominent end of street property, very good original double frontage shop window on a main thoroughfare through Treorchy. The venue also has full access disabled WC facility, bar, seating area, stage area, and Ice cream parlour area. Upstairs is the 3 bed owner accommodation entered via a separate front door with access to a small courtyard garden, with its own utilities supply could easily be separated to generate extra income.

Planning Consent:

Currently A1. Recently awarded alcohol license. Potential to have dual A1/A3 if required - subject to consent.

Business Operation

Expansion Potential:

Currently run 3 evenings a week only 18:00 - 23:00. Run at a very slow pace by the current owners from Thursdays to Saturdays only, the venue has the potential to open daytimes and weekday evenings, and has the potential for Sunday opening. There is also a thriving Ice-Cream delivery service which is prime for expansion, as well as developing a hot food menu subject to necessary planning changes.

The venue has the potential for private bookings, and can seat 30-40 people currently.

The 3 bedroomed apartment could also be let out to generate an income of £375 - £425 pcm
The venue could be used to let out to generate an income of £500 - £600 pcm

Competition / Market:

It is the only Theatre Bar in the area. There are a number of village pubs, and also a large theatre in Treorchy. However, nothing of this venue exists locally. Newly established it has a growing popularity and great potential. With high profile media coverage, great 5 star reviews and a strong social media following, it was voted as the top places in Wales to have a winters hot chocolate. The current owners have a strong marketing presence and have had TV crews/media wanting to broadcast from the innovative venue.
Consistently high reviews on social media ensure that the venue is the top rated venue in the surrounding area.

Reasons for selling:

Having established the Theatre Bar, the current owners run it at a very slow pace (weekends only), and now wish to relocate.

Trading hours:

Thurs - Sat 18:00 - 23:00

Employees:
2
Years established:
1

Other Information

Support & training:

The vendors are happy to offer support, if new buyers wish to continue as a Theatre-Bar/Ice Cream Parlour/Café-Bar.

Contact Information

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