Hilton Smythe is delighted to welcome to the market this well established and popular bar business, which is ideally located within Lancashire.
The business was established by our client in 2014 and is only now, reluctantly, being offered to the market, due to our client's other business commitments. The bar currently operates 5 evenings per week and generates a tremendous turnover in the region of £650,000 per annum, with a gross profit of approximately 69%, as per the 2016 accounts.
Our client offers a variety of alcoholic beverages, as well as having an extensive cocktail menu. Customers can also create their own shots from the vast range of different types of flavourings and alcohol. The bar is very popular with students living in the area.
The property boasts 469 sq. metres of floor space, is well maintained and fitted out to suit the trade. To the first floor is a self-contained flat with a large living room, bedroom, kitchen and bathroom. The only access to the flat is from the main club and it is currently occupied by staff members.
The business has built up an excellent reputation within the area for the shots and entertainment offered, which has resulted in a very loyal client base, with a good volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening earlier and trading every night of the week. A new owner could embark on a modest marketing campaign to promote the bar. The business already has a website in place to promote the goods offered.
This is an excellent opportunity for a new owner, who with drive and ambition, could take this thriving business to the next level; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.
TENUREWe are advised Leasehold:
Original lease length: 10 year
Remaining lease length: 8 years
Rent: £60,000 per annum
HOURSThe business is open:
Tuesday - Saturday: 10.00pm - 4.00am
STAFFThe business is owner run and managed with 3 x full time and 8 x part time staff members.
FINANCIAL PROFILEThe business generates a tremendous turnover in the region of £650,000 per annum, with a gross profit of approximately 69%, as per the 2016 accounts.
This popular bar occupies substantial two storey premises, ideally located within Lancashire. The business is situated on just off a very busy street and is surrounded by a wealth of complimentary shops and businesses; therefore, benefiting from a very high volume of footfall and passing trade, as well as good car parking facilities within the area.
The bars location offers excellent public transport services, with many bus stops within easy walking distance of the property. The nearest railway station is just over 5 minutes' walk away. The area also boasts excellent road links, with the business being just off a busy A-road, which links to the national A-road and motorway networks.
Substantial two storey premises in a prime trading location, briefly comprising:
Ground floor with:
Main bar with:
Licensed for 400 customers.
Bespoke bar servery with 4 points of dispense.
Under counter bottle refrigerators.
Customer seating and tables.
Back bar with customer seating and tables.
Upper bar with customer seating and tables.
Ladies and gents' WCs.
First floor with: