Freehouse Wine Bar With Accommodation For Sale

Business Description

The entrance leads to a delightful, and cosy seating area. Further on from this is a long bar and another seating area and dance floor. Behind the dance floor are modern male and female toilets, separate kitchen and storage area. and above the toilets are the purpose built, fully equipped DJ booth. To the rear is an outdoor area suitable for a smoking zone. Stairs lead up to the two bed- roomed accommodation The wine bar is decorated to an exceptional standard with antique and designer urniture, including Italian style lighting from Liberty’s in London costing £2,000 each and 1920’s style cinema seating. The premises are fully air conditioned throughout and are protected by full CCTV, approved by the police, shutters and alarm system. ACCOMODATION There is a good sized, self contained semi furnished two bed- roomed flat on split-levels. It has a separate bathroom with limestone tiles, and kitchen. Permission has been granted by the local council to convert the accommodation into an upstairs bar area. BUSINESS This impressive business was transformed from an empty shell in 2002-2003 by its current owner. It has a capacity for 220 people and has an unrivalled local reputation as a thriving bar and event venue. The bar is well known for its cocktails and tasteful and distinctive décor. The business also holds an entertainments license and enjoys live bands about eight times a year, comedy nights (e.g. Noel Fielding comedy sets), private functions, fashion shows and promoter events.

Property Information

Property:

Leasehold

Lease terms:

We are advised that the current rent is £34,000 per annum and that the current lease expires in 2017. A rent review is due in 2010 although the landlord has verbally confirmed that there will a token increase in the rent at most. .

Living accomodation:

There is a good sized, self contained semi furnished two bed- roomed flat on split-levels. It has a separate bathroom with limestone tiles, and kitchen. Permission has been granted by the local council to convert the accommodation into an upstairs bar area

Location:

The wine bar enjoys an enviable position on a busy main rd close to a main railway station, and town centre and close to several car parks. A bus depot is due to be relocated close to the bar within the next three years

Other Information

Expansion potential:

This charming, inimitable business offers huge potential exists for a committed purchaser wishing to extend the opening hours and cash in on the lucrative lunchtime food trade. The business is only on the market due to the vendors change in personal circumstances.

Support & training:

Full handover support.

Reasons for selling:

Change of personal/family circumstances.

Trading hours:

The premises are licensed from 11am until 2am on Friday and Saturday and until 12.00pm Monday and Wednesday and 1.00am Tuesday. but currently only trade five days a week from 6pm-11pm Tuesday-Thursday and 6pm-2pm Friday and Saturday. HOURS

Financing available:

The asking price for this business is £131,000. £99,000 is payable upon completion, the additional £32,000 is owed by the company to creditors.

Fixtures value:

Undisclosed

Stock value:

Undisclosed