Business for Sale Overview:
This popular and busy contemporary bar and restaurant was founded 3 years ago by the Vendor with a generous combination of innovative insight and entrepreneurial spirit and has grown since to become a well known and respected enterprise with a reputation for the quality of its excellent, contemporary menu, cocktail selection, stylish environment and the successful combination of elegant and discreet dining or entertaining with one of the easiest to get to locations in one of the UK’s most famous towns.
The bar/restaurant has a loyal following and is equally as popular with visitors thanks to its excellent drink selection and quality of entertainments, and also its 4.00am late night license. The bar/restaurant also enjoys revenues from catering for parties and other special events.
This successful business offers customers an opportunity to spend time enjoying a discreet lunch or evening meal and enterainments in a relaxed and stylish atmosphere, from a comprehensive menu prepared to high standards and accompanied by the highest quality beers and wines, an impressive cocktail menu and renowned themed evenings.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
17 years remain on a 20 renewable lease within the Landlords & Tenants Act with rent payable at circa £20,000 per annum and rates payable of circa £8,000 per annum.
Market Competition and Expansion:
The business has invested significantly and successfully in the establishment of a well known brand and used advertising only sparingly but has used printed promotional material and website and there are excellent opportunities to increase this activity and market the business more aggressively to significantly increase turnover.
Reason for Selling:
intention to follow new areas of business interest.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.