Bars for sale in Sheffield

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 The purchaser came to us from the advertisement on Daltons. 

Julie Ashcroft (Mar 2017)
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Leasehold Price: £59,995 Turnover: £120,000
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Business Description
Business
Hilton Smythe welcomes to the market Bar Ambasada PL.

The business has been operated by the current vendor for over five years in which time it has built up a solid customer base with an enviable reputation for quality and service.

Due to family commitments this rare and exciting opportunity has now become available.

The business serves a great range of Continental lagers wines and spirits as well as a food offering which includes:

• Burgers
• Breaded pork chops
• Chicken breast
• Soups
• A range of tasty sharing platters

The business is predominantly wet led with a 70/30 trade split which therefore affords the opportunity for the new operator to extend the food offering further enabling them to put their own spin on things and taking the business to the next level.

The site is split over two levels with comfy seating to the front and with a pool table located towards the rear of the site which proves very popular with the locals.

The business lends itself well to different genres and therefore would be an attractive option for either a multi-site operator looking for an additional site in this area or a private individual looking for an established business which has huge growth potential and can easily be tweaked to accommodate different styles and ideas.

The business has a licence to enable it to serve alcohol throughout the day as well as being able to operate as a take away food outlet which could open up further opportunities for the new operator by increasing the opening hours and expanding the food offering, a true turn key business opportunity with great potential.

Location
Situated just off the A61 London Road at the top end of Abbeydale Road and close to Mount Pleasant Park in Sheffield.

The site is in an excellent trading location within the City with easy access in and out of Sheffield either by car on foot or on public transport with a regular bus service passing by as well as on street parking.

The Bar is surrounded by residential dwellings along with additional businesses within this thriving and sought-after location.

Premises
Ground floor premises within a corner plot on London Road in Sheffield.

• Front door through to main trading entrance
• Main bar
• Drinks fridges
• Display units
• Shelving
• Tables and chairs
• Sofas and comfy seating
• Pool table with lights over
• Toilet facilities
• Separate fitted kitchen with ovens
• Fryers
• Microwaves
• Fridge freezers
• Food preparation equipment.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £13,992 per annum with 5 years remaining on a 10-year Lease.

Hours
The opening hours are currently 3.30 pm to 11.30 pm Monday to Friday and 1.00 pm to 11.30 pm at the weekends though times can vary.

Staff
The business is being managed by the current vendor with the assistance of 2 x part time staff.

Financial Profile
We are advised the business is currently turning over in the region of £120,000 per month on an upwards trajectory.

The rateable value of the premises is £11,500

There are currently no business rates payable.

Tenure: Leasehold

Listed by: Hilton Smythe

Find out more about this business opportunity.

 
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B04514
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