Bars for sale in Folkestone

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Exciting Independent Bar Business

Folkestone, Kent, England

  • Leasehold Price: £18,000
  • Turnover: £156,000
Seller Reference: B05638
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Business Description
 
 
 
 
 
 
 
 
 
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Seller Reference: B05638
Request Details
Business Description
Business
Hilton Smythe are delighted to present to the market a new and exciting independent bar concept in the heart of Folkestone for just £18,000!

Our clients have invested in the region of £30,000 transforming the previously empty shell into a stunning ‘free of tie’ bar which offers an unrivalled choice of beers, lagers, cocktails and bar snacks including a clear focus on sports.

The bar is offered with low rent and zero business rates.

They are now offering this bar opportunity for quick sale due to a change in their family circumstances which means they are unable to work full time within the bar, the hard work of the family and the committed manager in place is now resulted in average sales per week of £3,000 being achieved during the summer.

The addition of both a pub darts team and pool team including showing major sporting events is driving the increased footfall.

As you can see from the photos, there is a key focus on the in house cocktail menu which attracts customers from other parts of the Town, some of the listed cocktails are priced at £8 which has a significant impact on the average spend per customer.

There is a popular snack menu available to compliment.

The bars design has been led for interaction between customers with a choice of low relaxed seating areas, clear spaces to stand as well as a high number of stools arranged around the horseshoe styled bar to promote interaction with the bar team. The rear space is designated for pool and darts with clear view of the large wall mounted sports screen.

The passion for the space is clear to see in the decor, a clear focus for the industrial appearance using fire bulb suspending lighting pendants, a zinc topped bar servery including modern canvas art pieces on the walls.

Our client informs us they attract a mainly 22-40-year-old customer base including many couples who like both the choice of 9 beers and plentiful cocktail options.

Any new owner could further expand on the business by adding any of the following -


  • Later opening hours.

  • Applying for planning permission for an extraction vent to convert to an A3 business;.

  • Improving the current website and social media presence.


Rarely will a bar of this standard come available with such low overheads and excellent Town Centre position and would strongly recommend any serious buyer to make immediate enquiry to avoid disappointment.

Location
Bacchus Bar occupies a highly prominent trading position at the top of Church Street in Folkestone, Kent.

This is one of the most sought-after positions within the Town centre where Church street meets Rendezvous Street, the area is a hub for exciting bars, cafes, salons as well as the major High Street brands such as Wilkos, Ladbrokes, HSBC and Boots. The Silver screen cinema complex also faces the business including the Towns Tourist information office, museum, main shopping mall and nearby Sacconi Chamber music festival.

Folkestone is a famous port Town on the English Channel which lies on the southern edge of the North Downs, predominantly known as an important harbour and shipping post for most of the 19th and 20th centuries.

More recently, the Folkestone Harbour and Seafront Development Company announced multi-million-pound investment in the seafront and harbour area which will include hundreds of new homes, recreational space, new cafes and restaurants.

Bacchus Bar is ideally situated to enjoy the high footfall of the Towns shopping district as well as the many tourists who visit the harbour area, only 5 mins walk away.

There is a large pay and display car park within 2 mins walk.

Nearest mainline Station is Folkestone Central approx. 10 mins walk.

Premises
Front external - 2 x bench seats

Ground floor - ** licensed for 65 people

Low level black leather sofas and armchairs arranged to the front part of the bar to enjoy the clear pavement views of the town

Higher bar stools arranged around the main bar, wall mounted TV screen

Bar Servery - includes 9 points of dispense, post mix dispense, spirit racking to both sides, central feature island for further spirits, ice machine, glass fronted double chillers, dishwasher, several bar sinks, 4 x under counter fridges, food prep area with a panini grill, storage cupboards

Games area - includes additional High stool seating, dart board, pool table (rented)

Customer Toilet

Cellar level -

Chilled keg storeroom

Storeroom room 1

Staff room / potential kitchen

Staff toilet

Further storeroom.

Tenure
We are advised the business comes with a long leasehold in place with 10 years remaining on an 11-year renewable lease term paying just £12,000 per annum. The business benefits from full small business relief paying 0 rates in the current year.

Hours
MONDAY - THURSDAY - 4pm to 11pm

FRIDAY - SUNDAY - 12 - 11.30pm

Staff
The bar is currently run by an employed manager with the help of 3 other part time makers of the team also.

Financial Profile
The business generates a weekly average of £3,000 during their busiest period. Currentlt the business rates are £700 per annum however the business is awaiting a survey that would class them as a bar as opposed to a shop which would bring it down. Also the chancellor is set to provide money for pub relief and rate relief in the budget next month, this would bring the rates down to £0.

Tenure:
Leasehold
Listed by:
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