Bars for sale in Andover

View the "Cabin Bar 34 Andover SP10 1BW" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 Unbelievable, as I've saved hundreds on agents fees, by doing it myself. 

Anjam Hussain (Jun 2017)
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Leasehold Price: £25,000 Turnover: £43,917 Gross Profit: £43,904
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Business Description
Business
Hilton Smythe welcomes to the market this well-established bar and accommodation, which has been run by the current owner for the last 15 years and is very well known in the area. She is now looking towards a well-earned retirement.

The business offers a good-sized bar area with separate pool room which can accommodate up to 60 and then 9 letting bedrooms on the first floor.

The accommodation turns over in the region of £50,000 per annum and the bar, which was only re-opened in August 2017 turns over around £1,500 to £2,000 per week with set sales only.

The business is currently run as a lifestyle business and offers tremendous potential, with more advertising, including a website and social media, together with offering food in the bar and perhaps breakfast to the guests, things could easily be taken to the next level.

There is an extensive inventory of fixtures and fittings included within the sale and an internal inspection is highly recommended to appreciate what’s on offer.

Location
Cabin Bar 34 is situated in the popular town of Andover, which is a town in the English county of Hampshire.

The town is on the River Anton, 18 miles west of the town of Basingstoke, 15 miles north-west of the city of Winchester, 25 miles north of the city of Southampton and 65 miles south west of London.

In the 2011 census the population was 62,760.

Easy access is gained to all surrounding areas via the A34, A303, A338 and the M3 motorway.

Premises
An easily managed and well-maintained detached property consisting of:

Ground Floor:

• Bar/lounge
• Pool room
• Commercial kitchen
• Male and female toilets

First Floor:

• 9 Letting bedrooms
• 3 Singles bedrooms with en-suite shower room
• 1 Basic twin bedroom
• 2 Twin bedrooms with en-suite shower room
• 3 Basic single bedrooms
• Separate shower room and laundry room.

The property offers gas central heating, UPVC double glazing to the first floor and a side enclosed carport/outside smoking area.

There is a range of fixtures and fittings to include:

• Bar with pumps and optics
• Tables and chairs
• 2 Dart boards
• Double and single drinks fridges
• Further fridge, freezer, cooker, griddle, deep fat fryer, dishwasher, washing machine, tumble dryer.
• 9 Beds with furnishings

An internal inspection is very highly recommended to appreciate the quiet position, space and real potential on offer for the discerning purchaser.

Tenure
We are advised that the business is being sold as a leasehold opportunity. The rent for the first year is £17,000 PA rising to £18,000 PA for the 2nd year. A new lease is to be negotiated.

Hours
Monday 4.00p.m. to 11.00 p.m.
Tuesday 4:00 p.m. to 11.00 p.m.
Wednesday 4:00 p.m. to 11.00 p.m.
Thursday 12:00 p.m. to 12.00 p.m.
Friday 12.00 p.m. to 12.00 p.m.
Saturday 12.00 p.m. to 12:00 p.m.
Sunday 12.00 p.m. to 6.00 p.m.

Staff
The business is run by the current owner and 6-part time members of staff.

Financial Profile
The accounting information for the year ended 31st January 2014 shows a turnover of £43,917 and a gross profit of £43,904 for the accommodation.

For the 2016/2017 year we understand that the turnover for the accommodation was in the region of £52,000.

The bar has only been reopened by the current owner since August 2017 and already has a turnover of £48,000 for the 8 months to March 2018, with a turnover as high as £2,000 some weeks.

According to the VOA website the current rateable value is £15,750.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04238
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