Pubs for sale in Boston

View the "Popular Wine Bar in Boston, Lincolnshire For Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Ian McGregor (Nov 2013)
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Leasehold Price: £35,000 Price Reduced Turnover: £85,000 Gross Profit: £44,000
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Business Description
BUSINESS
Hilton Smythe is delighted to welcome to the market this popular wine bar/club venue business, which is ideally located within Boston, Lincolnshire.

The business was established by our client in 2011 and is only now being offered to the market due to our client’s other business interests. The business currently only operates two evenings per week and generates a turnover in the region of £85,000 per annum, with a gross profit of approximately 52%.

This is a popular late night bar and club venue, which hosts regular entertainment, including disco’s and comedy acts. The property boasts an impressive 558 sq. metres of floor space, including a basement bar area with seating for approximately 30 persons. The ground floor hosts the main bar area, which is divided into several areas. Our client is currently refurbishing the property and is having a kitchen installed in preparation for food sales.

To the first floor is a large manager’s flat, which does need extensive refurbishment and could be available by separate negotiation.

2 Studios and these are currently being rented out for £100 per week and there is potentially another 4 – 5 rooms that could be rented out at a similar price, these are also located above the property.

The business has built up an enviable reputation within the area for the very high quality of the services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, as currently the business only operates for two nights per week. A new owner could also embark on a modest marketing campaign to highlight the services offered. We also feel the bar would benefit from the launch of a website to promote the business.

This is an excellent opportunity for a new owner to take this already busy business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

LOCATION
The Wine Bar occupies substantial premises, ideally located within the town of Boston in Lincolnshire. The business is located within the town centre between the market square and the bus station, therefore benefiting from a very high volume of footfall and passing trade. The business also benefits from excellent car parking facilities within the area.

Boston is a small town and port in Lincolnshire, on the east coast of England. According to the 2011 census, the town borough had a residential population of 64,637. Boston’s most notable landmark is St Botolph’s Church, which is said to be the largest parish church in England. Boston’s market is held every Wednesday and Saturday, with an additional market and outside auction held on Wednesdays on Bargate Green.

The area of the business is very well served by the public transport system, with Boston bus station less than 5 minutes’ walk away. Boston railway station is just over 5 minutes’ walk away. The area is also well served by the A-roads, with both the A16 and A52 being within easy driving distance of the property, which links to the national A-road and motorway networks. Skegness is approximately 22 miles away and King’s Lynn is 33½ miles away.

PREMISES
Substantial premises in an ideal trading location, briefly comprising:

Lower ground floor:

Seating for approximately 30 persons.

Bar with two points of dispense, optics display, two door bottle chiller unit, sink unit and electronic cash register.

Separate area run as a Shisha lounge, with low level sofa seating and coffee tables.

Ground floor with:

Main bar area divided into several areas.

Front area with bench style seating and tables.

Bar with 2 x points of dispense, 2 x two door bottle chiller units, optics display and electronic cash register.

Rear seating area.

Raised stage area.

Split level steps down to ladies and gents’ WCs.

Rear double door fire exit.

Kitchen (currently being installed).

First floor manager’s flat, which could be available by separate negotiation, consisting of:

2 x double bedrooms, one of which is en-suite.

Single bedroom.

Lounge with kitchen area.

Family bathroom.

Separate WC.

2 Studios and these are currently being rented out for £100 per week and there is potentially another 4 – 5 rooms that could be rented out at a similar price, these are also located above the property.

External:

New signage to be installed.

TENURE
We are advised Leasehold:

Original lease length: 25 years

Remaining lease length: 20 years

Rent: To be arranged.

HOURS
The business is currently open:

Monday – Thursday: Closed

Friday – Saturday: 10.00pm – 3.00am

Sunday: Closed

STAFF
The business is owner run and managed with 3 x part time staff members and 2 x door staff.

FINANCIAL PROFILE
The business generates a turnover in the region of ££85,000 per annum, with a gross profit of approximately 52%.



Tenure: Leasehold

Listed by: Hilton Smythe
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