Licensed on 2 floors for 300 – latest licence in town – no competition
Trendy “walk in” ground floor bar (150) – 1st Floor entertainment lounge (150)
Highly desired quality precinct locale with large public car park
Outside patio and smoker’s solution
Cracking New FOT Lease from private former operator – retirement opportunity
LOCATION (OX26 6AA)
The history of Bicester is well documented before its record within the Domesday Book of 1086 and held its first street market by Royal Charter in 1239. A historic friendly proud town of some 26,000 residents it sits to the North East of the Shire of Oxford and is the fastest growing town within the county due to its ease of access to London, Birmingham, Oxford, Banbury and the South by road with J9 of the M40 and superb rail links. The historic town centre is due to undergo a £70,000,0000 renaissance programme which will compliment the world famous Bicester Village Factory Shopping Centre which is home to 50 factory shops offering up to 70% discount on designer labels. The bar is located within the pedestrianised “Deans Court”, just off Market Street (No2a) and backs onto a large public car park which generates huge footfall into the main shopping area of the town.
An attractive renovated Coaching Stable and barn which is part of a pedestrianised courtyard, of Cotswolds Stone construction under pitched roofs having footfall from a major car park into the market town centre. The ground floor BAR (150) is of modern design with some carpeting and hard floor surfaces for dancing. Seating is by way of mixed fixed and loose chairs to informal bar tables. This bar is open for general trading during daytime hours and converts to Disco / Karaoke during the evenings. LADIES – GENTS – DISABLED FACILIITES inc baby changing. The upper floor BAR (150) has a high “A” framed ceiling, furnished with movable seating and tables with its own bar servery. An annex off is used for a multitude of events throughout the week encompassing “Salsa” dancing, Disco “club nights” and every Wednesday as a “Pole Dancing” venue with the appropriate licensing in place. CATERING KITCHEN (currently unused) is equipped and ready to go. CELLAR is to the ground floor.
The business is operated as a lock up.
The property includes a smashing courtyard patio to its front with timber benches and large umbrellas. Public Car parking is available for circa 200 vehicles
The Premises License allows for opening of 11.00hrs till 02.00 hrs Monday through Wednesday with Thursday, Friday and Saturday 03.00hrs with an optional 04.00hrs. Actual opening hours are 12noon till 01.00hrs Monday Tuesday then 02.00hrs Wednesday and 03.00hrs Thursday Friday & Saturday. The business is also covered for it’s Pole Dancing activity by the appropriate licensing from the LA. It also has the latest licenses within the town. A personal license will be required and our training associate can assist with this and other trade related training.
We are instructed to offer the business as a NEW FREE of TIE Lease of 10 years with Landlord & Tenant Act protection, FRI, and with a rent of £42,000 paid monthly in advance with a 1/4 ‘s rent in advance as a security deposit. Reviews will be 5 yearly. Agents fees of £8,000 plus VAT to be paid by the ingoing Purchaser.
We are advised that the business has mains electric, water, gas, sewage connected and heating by Gas. Business rates payable are £9,500 pa.
Run by our client for circa 19 years and is now in the process of winding down into retirement with sales of £242,686 (2010) £217,321 (2011) £205,903 (2012).£195,000 (2013) Sales over the 3 years of 2007,/08/09 average out to £280,000 pa inc vat 100% Wet sales. The opportunity to introduce food is obvious making the sales potential including incremental wet sales well into £400,000 + and should cascade down to a net profit margin of 35% dependant upon style of operation and business model. The profile of customers can cover 3 generations such is the attraction and popularity of this venue.
THIS IS AN EXCEPTIONAL AND EXCITING OPENING FOR A DYNAMIC NEW ENERGISED OPERATOR
Accounts information will be made available to interested parties after viewing.
Our finance 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.
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