Exceptional Leasehold Bar & Brassiere For Sale in Newcastle-under-Lyme- Business 4 Sale .co.uk

Business Summary

Meridian Business Sales are delighted to offer for sale this exceptional bar and brassiere which was first established by our client in 2008 who is only now reluctantly placing it onto the market due to his unfortunate poor health.The business which is run and managed by our client with the assistance of staff achieves a very respectful advised average weekly turnover of £10,000.This is derived from selling a large range of beers, wines and spirits coupled with complementary hot and cold beverages.The business has a 50 cover restaurant offering a wide range of meals throughout the day. The bar operates on a completely free of tie basis which provides the owner the ability to buy alcohol at the keenest possible prices and ensure the highest possible returns are made.The restaurant caters for each mealtime from breakfast, lunch, early evenings, late dining and party night specials with the ability to cater for almost any private function requests.There is a large selection of freshly prepared coffees and teas on offer plus a very discerning wine list to suit all tastes. By the weekend the bar transforms into a lively facility with live music, cabarets and events which often result in the business being at full capacity.The executive PA system and professional stage lighting system make the venue come alive and is the preferred venue for local performing musicians and artists.The property can only be described as beautifully presented with our client going to extraordinary lengths on presentation and attention to detail with designer fixtures and fittings featured throughout.Our client is very generously including all fixtures and fittings into the sale price which is a huge plus for a new owner as additional funds will not need to be spent for the foreseeable future.This is without question an exceptionally high turnover business which is situated in a very high footfall area and provides a new owner a pure turnkey opportunity.Meridian Business Sales would like to urge very early interest in this opportunity as businesses of this calibre rarely appear on to the market.Financial profileTurnover: £10,000pwGross profit: 68%Stock approximately: £5,000TenureLeaseholdOriginal length: 25 yearsRemaining: 4 yearsRent: £55,000paOpening HoursMonday: 9:00am – 5:00pmTuesday: 9:00am – 5:00pmWednesday: 9:00am – 11:00pmThursday: 9:00am – 11:00pmFriday: 9:00am – 1:00pmSaturday: 9:00am – 1:00pmSunday: ClosedAccommodationWell presented property featuring bar with fully opening glass front, 50+ cover restaurant, entertainment area with stage lighting and PA system, male female and disabled toilets, external courtyard, cellar, storage areas, staff room, bathroom, kitchen with preparation and wash areas, management office with CCTV remote access and fitted safe, flat roof first floor and second floor 4 room storage (ideal living accommodation if desired) GROUND FLOORSecure front entrance leading to open plan bar with rear dining covers and stage area, designer decor, high level mirrors and ambient lighting throughout, front window lounging area, sofa seating and low level tables 8-12 covers, Plasma TV, high stools and raised table seating 20 - 24 covers, fitted bar featuring pumps, cash registers, drinks chillers, glass storage, rear feature spirit and wine display plus preparation and storage room with glass washer and wash basin.RestaurantOpen plan dining area with fixed seating plus tables and chairs 50 – 55 covers, multi arrangement to suit most party sizes and requirements plus designer decor and ambient lighting continued.Entertainment StageInterchangeable raised stage area with easy access PA system and professional lighting, PA system throughout the property plus secluded service and preparation area with service hatch to first floor.Disabled toiletsSnug area with sofas and low level table 5-6 covers, male and female toilets plus storage cupboard.Rear of property private areas, cellar with large storage space and ice machine, bottle and bin storage plus access door to rear service yard and deliveries.FIRST FLOORStaff room with dining space and personal belongings storage, gas and water boiler storage, management office seating 2-3 desk/chairs, security system access and fitted safe, bathroom with toilet and wash basin.KitchenFully fitted stainless steel kitchen briefly comprising of fridges, freezers, several worktops, large extraction unit, commercial microwaves, plate and crockery storage, wash basin, drainer, 6 hob cooker, 2 deep fat fryers, grill, charcoal grill, hand wash basin, wash preparation area, stainless steel storage shelving, double wash basin, dish washer, service hatch to ground floor preparation area. Service and fire escape corridor to ground floor exit/entrance.SECOND FLOORLarge storage area (would be ideal living accommodation if desired), 4 sizable rooms with secure access.ADDITIONAL FLOORFirst floor flat roof with fire escape access to courtyard.EXTERNALRear courtyardVery well presented dining and drinking space with all weather tables and chairs plus fixed seating 16-25 covers. Weather shield canopy plus large umbrellas, wall fixed water feature, decretive flower beds and baskets plus stairs access to first floor flat roof.

Property Information

	Property:	Leasehold

	Living Accommodation:	No

Other Details

	Is this a home-based business?	No
	Can this business be relocated?	No
	Is this business part of a franchise?	No

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