 | Modern Bar Leicester, Leicestershire, United Kingdom Advert ref: CB.0.175.LLE Business description
The business occupies the ground floor of a two storey brick built building.
The bar is fitted out to a very high standard and consists of the main bar area, very well equipped kitchen, office, cellar, ladies, gents and disabled toilets.
The business benefits from full A3 consent although food is only served on Sundays (lunches)
A substantial cash income comes from the gaming machines and pool table alone.
At present the business is operated ‘under management’ and would benefit from being operated by a full time working owner, couple or partnership. The current wage bill of £52,000 could be significantly reduced.
The business enjoys a steady trade during both day time and evening.
The business does not have any supplier (brewery) ties.
Bars of this quality and with this level of potential do not come onto the market very often. This opportunity has only arisen as a result of our clients other business interests.
Trading hours: The current licence is until 11:00pm but should be capable of extension if required.
Property: Leasehold
Lease terms
A new 15 to 20 year lease will be available at a rent of £15,000 per annum
Location
The business is located on a busy main road in a pleasant and densely populated residential area of Leicester.
Expansion potential
If you are looking for a prominent café bar with a great deal of potential early viewing of this opportunity is strongly advised
Reasons for selling
Other business interests
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| | Financial details Asking price: £175,000
Sales revenue: £310,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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