Bars for sale in Sidmouth

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Impressive & Well Presented Licensed Restaurant & Wine Bar

Sidmouth, Devon, England

  • Leasehold Price: £49,950
Seller Reference: 2128
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Business Description
 
 
 
 
 
 
 
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Seller Reference: 2128
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Business Description
THE PROPERTY
Blues Wine Bar is a popular licensed restaurant and wine bar, which opens evenings only, five days a week, is well presented throughout, and benefits from 2 bedroom owner's accommodation. The business offers the opportunity to purchase an attractive and sought after business and offers incoming operators tremendous potential to develop their own style of trade, to suit their own personal requirements, and take advantage of this desirable catering business with accommodation, in a prominent town centre trading position, within this extremely popular East Devon coastal town. The premises are purposefully fitted and equipped throughout with a modern contemporary feel and briefly comprise:- Main Ground Floor Restaurant comfortably seating 40+ customers; Substantial Customer Servery Area; First Floor Restaurant and Bar Area comfortably seating 20+ customers with Bar Servery; Fully Equipped Commercial Catering Kitchen and various Ancillary Facilities; 2 Bedroom Owner's Accommodation with Sitting Room and Shower Room. A unique opportunity to purchase a fully equipped restaurant and wine bar with genuine potential to develop all aspects of the business still further and for daytime opening, if desired.

SITUATION
Blues Wine Bar occupies a lucrative and prime trading location with a visible frontage within the main town centre in the much sought after and highly regarded coastal town of Sidmouth, probably one of the busiest tourist locations within East Devon. The attractive East Devon regency coastal resort of Sidmouth is an extremely affluent town, situated on the Jurassic coast in an area officially designated as a World Heritage Site by UNESCO. With a resident population of approximately 15,000 which is boosted considerably by visitors to the town throughout the year, and particularly throughout the summer months, Sidmouth is situated approximately 12 miles from Exeter with access to the M5 motorway, which provides excellent communications throughout the country. This exclusive coastal resort is particularly renowned for its folk week, whereby businesses enjoy a huge trading boost. The sale of Blues Wine Bar represents a unique opportunity to purchase an established licensed catering business in an excellent trading position with genuine potential for further growth and development, combined with owner accommodation.

INTERNAL DETAILS
Fully glazed double frontage with recessed glazed entrance doors to the front opening into Main Restaurant Area an attractive and well presented dining area with part stripped wood and part carpeted flooring, wall mounted menu boards, feature lighting, free standing tables and upholstered wooden chairs comfortably seating 40+ customers. Feature Bar Servery with Altro flooring, two double glass fronted bottle fridges, preparation counter to the rear, electronic cash register, associated back bar fittings and display shelving, wine racking, under counter freezer, San Remo commercial cappuccino machine, coffee grinder, ice machine and stainless steel handbasin. Commercial Kitchen Area with Altro flooring and easy wipe cladding/stainless steel lined walls, fitted with a comprehensive range of commercial catering equipment to include:- six burner gas range, twin deep fat fryer, glass fronted bottle fridge, warming cabinet with lit serving gantry over, stainless steel wall shelving, stainless steel work benches with shelving below, single deep fat fryer, twin contact grill, eye level grill, extractor system with stainless steel canopy over, two microwave ovens, undercounter freezer, double pizza oven, double upright commercial fridge, twin deep bowl stainless steel sink unit and hand basin. Small Beer Cellar Area. Customer WC with Disabled Facilities. Storeroom fully shelved. Cellar Storage Area on the lower ground floor. First Floor Wine Bar and Restaurant Area an attractive and spacious room with wood laminated flooring, dual aspect windows to front, feature lighting, free standing tables, chairs and stools comfortably for 20+ customers. Substantial Corner Bar Servery with associated back bar fittings and display shelving. Ladies and Gents WC. Storeroom with stainless steel racked shelving, Altro flooring, two upright commercial freezers and an undercounter fridge. Access to rear outside covered Store Area.
Please note: The fittings, equipment and services listed have not been tested by the agents, although we are informed that all items are in working order.

OWNER'S ACCOMMODATION
Situated on the second and third floor and briefly comprising Sitting Room with aspect to the front, currently being used as a 3rd bedroom. Main Bedroom a good sized double room with windows to the front and an Ensuite Shower Room. Bedroom 2 an attic room on the third floor, a good-sized double bedroom in the eaves with painted exposed ceiling beams and twin aspect to the front.

THE BUSINESS
Blues Wine Bar is a well-regarded licensed restaurant and wine bar which, through choice, currently trades evenings only Tuesday to Saturday. Well presented throughout the business benefits from a lucrative and prominent trading position, within the town centre and close to the beach. The premises have been established as a licensed restaurant, bistro and wine bar for many years and through personal choice, our client, a single working proprietor, has deliberately restricted the opening hours of the business to suit her own requirements and fit around her other business interests. The easy to prepare menu includes pizza, pasta and salads alongside a selection of wines, beers, ciders, cocktails and soft drinks. The business benefits from numerous excellent reviews on TripAdvisor and Google. The business is extremely well equipped and well presented throughout. A viewing appointment is essential in order to fully appreciate the high standards and opportunities inherent throughout all aspects of this business and property.

TRADING INFORMATION
Through personal choice our client, a single working proprietor, has deliberately chosen to restrict the trading hours and consequently the trade levels are restricted to below the VAT threshold. Full detailed trading information can be made to interested parties following a formal viewing appointment.

OPENING HOURS
The business trades Tuesday - Saturday from 5pm until 11pm. The business is closed on Sunday and Monday.

LICENCES
The business benefits from a premises license allowing the sale of alcohol from 10.00am until midnight, 7 days a week.

CURRENT STAFFING
The business is run by our client, a single working proprietor, with the assistance of 1 full time and 1 part time member of staff.

POTENTIAL
Our client advises that there is undoubted potential to increase all aspects of the trade with an opportunity to extend the opening hours, particularly by daytime and even all-day opening, dependant on requirements. There are also opportunities to extend the current menu choices and for incoming operators to develop their own menu and style of cuisine and trade in a manner to suit their own personal requirements and take advantage of this well presented business with live in accommodation in a prominent trading location. Our client is prepared to offer a full handover and training to interested parties should they so require it. Blues Wine Bar represents a unique opportunity to purchase a well-presented licensed catering business in a sought-after trading location and new owners will benefit from being able to move in without the need for any major expenditure.

EPC
D (78)

RATING
For up to date Business Rates and Council Tax information relating to this property, we refer you to The Valuation Office website

SERVICES
All mains services are connected to the property.

PRICE & TENURE
£49,950 for the valuable leasehold interest as a going concern business and full trade inventory. Wet and dry stocks to be additional at valuation. Vacant possession upon completion.

We are advised that the business is held on the remainder of a 15 year full repairing and insuring lease from February 2019. The current rent is £22,000 per annum with rent payable quarterly in advance and rent reviews every 3 years, being CPI linked. Further details available upon request.

VIEWINGS
Strictly by appointment with the vendors Sole Selling Agents.Tel: .Email:
You are recommended to contact us before visiting the property even for an informal viewing. We can then confirm whether or not it is still available.

FINANCE
An early discussion about finance can often save time and disappointment. If you would like independent specialist advice on funding this property or any other purchase, we recommend you contact us for a list of our approved brokers.
Tenure:
Leasehold
Location Details:
Blues Wine Bar occupies a lucrative and prime trading location with a visible frontage within the main town centre in the much sought after and highly regarded coastal town of Sidmouth, probably one of the busiest tourist locations within East Devon. The attractive East Devon regency coastal resort of Sidmouth is an extremely affluent town, situated on the Jurassic coast in an area officially designated as a World Heritage Site by UNESCO.
Leasehold Term:
We are advised that the business is held on the remainder of a 15 year full repairing and insuring lease from February 2019. The current rent is £22,000 per annum with rent payable quarterly in advance and rent reviews every 3 years, being CPI linked. Fur
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