Public Houses for sale in Chesterfield

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Ian McGregor (Nov 2013)
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Leasehold Price: £175,000
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Business Description

A TRULY EXCEPTIONAL MODERN BAR & DINING VENUE LOCATED WITHIN MAIN “LEISURE CIRCUIT” OF HISTORIC MARKET TOWN OF CHESTERFIELD THE GATEWAY TO THE DERBYSHIRE PEAK DISTRICT



  • Strong Sales history – no further premises licenses to be granted - within the area

  • A fusion of friends and atmosphere and a favoured watering hole

  • Well presented contemporary Cocktail Bar/Lounge and dining along with sunken patio

  • Strong classy “curb appeal” frontage and exceptional 2am Liquor License  

  • Well suited for major “branding” or experienced owner operator - managed at present

  • Capacity 495 within 4418 sq ft over one floor


A ONCE IN A LIFETIME CHANCE TO PURCHASE THIS RARELY AVAILABLE“GOLD STANDARD” LICENSED BUSINESS  WITH A PRICE GUIDE OF  £175,000 FREE OF TIE “BLUE CHIP”LEASE TO INCLUDE EXTENSIVE QUALITY FIXTURES AND FITTINGS, GOODWILL PLUS S.A.V. 


LOCATION  (S40 1SD)


Chesterfield is a thriving Derbyshire market town and lies 24 miles (39 km) north of Derby City. It has a population of 70,260 (2001), making it Derbyshire's largest town. It is located on the A61, 6 miles from the M1. Chesterfield received its market charter in the year 1204, and is currently home to one of the largest open air markets in Britain.  Tourism and leisure play a major role within the towns GDP with the Derbyshire Peak District National Park  (the most visited in the World) at its door step, Chesterfield is known as “the Gateway to the Peaks”. The town's most famous landmark, which is visible from many viewpoints outside the town, is the distinctive 'crooked' spire of its predominantly 14th century church. Chesterfields heritage is being complemented by modern developments that have already delivered new business units, office accommodation, Innovation Centre’s, modern housing, retail centre’s and new schools but the plans don’t stop there. Through the Town Centre Master plan innovative ideas and plans are still continuing and breathing even more life into the local facilities and communities. In the next few years the addition of even more quality accommodation, leisure activities, retail and business premises will continue to transform Chesterfield, making the town an even more desirable place to invest and live. The town and local area has a great pool of talent for all types of business from world leading specialist manufacturers and multi-national communications companies to retailers and distributors and with over 7 million people within a one hour radius it’s a really cost effective place to locate a business. The business is located on Church Street which is the main leisure circuit with the bar sitting behind the large Argos Store.


PROPERTY DESCRIPTION


What the customers say ......


Great lunch, staff polite and helpful, definitely recommend !!! easy to access, very plush modern and new fixtures and fittings *****AAAAA


A stylish and upper class venue. Great drinks, great music with an amazing DJ. Good night out


The internals of the business have been totally refurbished and upgraded to exacting standards in December 2013 including a customer lift installed to comply with DDI requirements. The finishes are stylish modern contemporary with a “Mediterranean” feel around an Audrey Hepburn theme. The capacity of the business is a total of 493 by way of 15 members of staff to 478 customers on one floor of 4418 sq ft. The dining area is provided by way of a secluded dedicated section however food is served throughout. The CENTRAL BAR SERVERY has a full range of pumps along with exceptional back fittings for merchandising. A bank of grass fronted refrigerators is set into the back bar. The bar has a classy frontage with secluded lighting and high visibility from most of the customer areas providing a focal point for customers. BEER CELLAR is fully chilled and on the same floor. CATERING KITCHEN has a full range of professional S/S equipment again on the same retail floor along with the manager’s office. WASHROOM facilities are exceptional with high quality LADIES / GENTS and DISABLED toilets. 


OWNERS ACCOMMODATION


The business is operated as a “lock up”.


EXTERNALS


With direct access from Church Street into a glassed area down a short stairway (or customer lift) into the main body of the bar alternatively via a sunken patio area with loose and fixed customer seating. The patio has double opening glassed doors again adds to the relaxed Mediterranean feel of the business. Parking is freely available within the town centre and immediately to the front and around the venue from 6pm.


PREMISES LICENSES


We understand that no further premises licenses will be granted to any operator by the Local Authority (Chesterfield Borough Council).We are advised that the business has a Premises licence that allows alcohol consumption Monday to Saturday 9am till 2am with Sunday 10am till 2am,with closing at 2.30am.Currently the business opens Mon-Weds 9am till 5/6pm Thurs-Sat 9am till1am. Other licenses allow Live Music, Recorded Music, Dance Performance, late night refreshments. A Personal License will be required and our training associates can assist with this for you. 


TENURE


We are instructed to offer the property and business for sale as 20 year lease commenced Dec 2013 from BLUE CHIP FREEHOLDER ZURICH ASSURANCE PLC and is fully protected under the landlord & Tenant Act FRI. Rent will be £25,000 set until October 2018 when it will rise to £32,500 pa  then 5 yearly reviews and without APR. No PGs (personal guarantees) are required. The business is completely FREE of ALL TIES.


SERVICES


We are advised that the property benefits from all mains connected with gas central heating. Business rates payable £18,000 pa


THE BUSINESS


The business has a strong history and our instructing clients invested many hundreds of thousands of pounds in the properties redevelopment (Dec 2013) and have a price guide that falls well below that of their investment. Three partners run the venue between them and have other business interest’s which takes them away from the business. The venue would benefit from “branding” and a full time management focus from a private operator or major leisure company. The business reopened in Dec 2013 and has a growing trade of circa £8,000 p/w Gross on a split of 75% Wet to 25% Dry with a Wet GP of 67.3% Dry 62.1%. This should be seen as a “starting point” on which to grow sales. 


DUE TO RARITY OF PREMISES LICENSES AND STRONG POSITIONING OF THE OUTLET EARY VIEWING IS RECOMMENDED.


Accounts information will be made available to interested parties after viewing. 


Our associates will be pleased to advise and assist in the purchase of this outstanding business.


The Property was viewed by Graham Allman who will be delighted to discuss the opportunity with you 7 days a week on 07765 251 208


Viewings appointments can be made via one of GA-SELECT Business Managers on 01530 41 41 40 who can also refer you to experienced solicitors, accountants, and other trade experts.

Tenure: Leasehold

Listed by: GA Select
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