Bistros for sale in North West England

View the "City Centre Public House and Restaurant, Lancaster, For Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Leasehold Price: £260,000 Annual Turnover: £737,000
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Business Description
Aspire is delighted to offer for sale this Public House, Cocktail Bar and Restaurant, ideally located in Lancaster. The business is situated in a prime trading location in the centre of a vibrant city, surrounded by a wide range of independent and high street shops and businesses, along with local amenities such as car parks and public transport.
This popular city is easily accessed via the network of A-roads throughout the area, with the motorway available close by.

The owners have continually enhanced the business, developing an enviable reputation resulting in many positive reviews and repeat custom. The pub is very popular with students, business professionals and public service staff, and benefits from a loyal customer base.
The premises have been fully refurbished by the current owners, finished with an exceptionally high standard of fixtures and fittings. Turnover is excellent, with over 80 covers currently trading on an 80/20 wet/dry split.
The business is tied to a preferred supplier for draught and packaged beers only, and is free of tie on wines, spirits and soft drinks. The alcohol and food licence also covers the external areas; the pavement at the front of the premises as well as the private areas to the rear.

The business trades from a 3-storey stone property, which also benefits from a basement level.
The main entrance leads into a spacious open-plan bar area boasting a long bar servery, which incorporates a coffee servery area with coffee machine and grinder, and an EPOS till. There is also a wash up area to the rear.
There are tables, chairs and perimeter seating, and the bar area also boasts a live performance area.
Ladies, gents and accessible WCs are available to the ground floor.

The commercial kitchen is situated on the first floor and is well equipped including a 6-burner range, hot plate griddle, Lincat grill, single and double fryer, 2 x fridges, 2 x freezers, stainless steel air extraction unit. The wash up room is finished with stainless steel tables, a commercial dishwasher, and various fridges and freezers. There is an office, staff room, staff WC and changing area.
Also to the first floor is a self-contained flat, comprising an open-plan lounge and kitchen area, bathroom, double bedroom and a further double bedroom with access to the fire escape.
A staircase leads up to the second floor, which is currently unused, and comprises a number of interconnecting rooms.

The basement accommodates multiple rooms, which are currently unused, and there are also a variety of storage rooms along with the barrel store.

Externally, there are a number of customer seating areas. The front pavement space has scope for 20+ covers, a private area has space for 30+ covers and there is a rear yard, which has potential to be developed as an additional beer garden and eating area.
There is also a rear private car park and external stairways down to the basement, allowing for delivery access.

The business is operated under management and benefits from a highly experienced team of loyal members of staff. The existing staff structure, industry knowledge and management will undoubtedly make the business transfer significantly simpler.

Opening Hours:
Monday to Thursday - 12pm to 12am
Friday and Saturday - 12pm to 12am
Sunday - 12pm to 11pm
Business is licensed 11am to 2am - 7 days per week.

There is good potential to further increase turnover, initially by extending the opening hours to accommodate breakfast / morning coffee custom. The premises offer scope for expansion if desired, both internally in the basement and the 2nd floor, and externally in the rear yard.

Leasehold business for sale - £260,000
Annual lease rent - £50,000 + £5,000pa for the 1st floor
Original lease length - 10 years; remaining - to 2024; review - every 5 years
Annual business rates - £12,000

Annual turnover - £737,000; GP - 52%

This is an ideal opportunity to acquire a thriving town centre public house, in a walk-in-and-trade condition. Early viewing and prompt, confidential enquires with Aspire, must come strongly recommended.

www.aspirebusinesses.co.uk
Tenure: Leasehold

Location Details:

The business is situated in a prime trading location in the centre of a vibrant city, surrounded by a wide range of independent and high street shops and businesses, along with local amenities such as car parks and public transport.
This popular city is easily accessed via the network of A-roads throughout the area, with the motorway available close by.

Leasehold Term:

Annual lease rent - £50,000 + £5,000pa for the 1st floor Original lease length - 10 years; remaining - to 2024; review - every 5 years

Listed by: Aspire
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