 | Profitable Bar and Public House Leicester, Leicestershire, United Kingdom Advert ref: BAR.0.125.LLE Business description
The business occupies two floors of a corner building
To the ground floor is the main bar area, well equipped kitchen (with walk in chiller) and disabled toilet.
On the first floor is a second bar/restaurant area that it also used as a function room. The first floor also houses an office and storage area
A fully equipped cellar is accessed from the main bar area.
At present a limited catering is offered with food only being served during the day.
The business enjoys a steady trade during both day time and evening.
The business does not have any supplier (brewery) ties.
There is substantial scope for a working owner or partnership to develop this business. The income from food sales alone could be grown significantly by increasing the kitchen hours and extending the menu.
We are advised by our client that the turnover for the last financial year (to 31 August 2005) was some £215,000. The accounts for the last financial year show a net profit of some £58,000
Trading hours: The current business trading hours are 11:00am to 11:00pm
Property: Leasehold
Lease terms
we are informed by our client that the current lease has a further five years to run and could be easily extended. The current rent paid is £26,000 per annum
Location
The bar is located in a prominent position in the heart of a densely populated residential area close to the centre of Leicester.
Expansion potential
If you are looking for an established licensed business great deal of potential early viewing of this opportunity is strongly advised
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| | Financial details Asking price: £125,000
Sales revenue: £215,000
Net profit: < £100k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed |
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