Bars for sale in Ascot

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Public Houses and Bars - Bars

Ascot, Berkshire, England

  • Price: £45,000  Price Reduced arrow_drop_down
  • Annual Net Profit: £60,000
Seller Reference: 2809
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Seller Reference: 2809
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Business Description
Mobile Events BusinessAscot, BerkshireSale: £45,000 T/O: £87,000www.cocktailhour.co.ukEstablished: 2011

This business has served to be a reliable source of income for a startup and is being offered at a stage where the business is well established and profitable on a year round basis. Currently not trading due to other commitments.2015/2016 > Turnover: £87,000 (part-time)We would expect the purchaser to achieve minimum sales of £140,000 fully committed on a full-time basis. Our final year of trading was part-time; a handful of the events made the majority of the full years T/O. Imagine what could be achieved full-time.The business caters for a multitude of events including weddings, festivals, mixology classes and corporate functions. The assets include multiple bars and fixings as seen on the website, and provides scope to run up to 6 events on the same day. Cocktail Hour has the capacity to run events ranging from 8 to 2000 guests as we have the equipment to deal with multiple event requirements such as adjustable bars, unique mixology stations, draught beer facilities, refrigeration, marquee structures, credit card facilities and many more resources.Assets to the value of £40,000 are included in the sale. A full list of these assets can be provided upon enquiry. Please find photos on our website with many of them being utilised at our events.To get you off the ground we have a regular public event in the diary and all paid for up front. It's an event we have attended since 2012 and always has a strong following, with 40,000 guests each year. Our presence has grown year over year, and for the last 4 years Cocktail Hour have run 3 bars at this event with £20k - £22k turnover. We also have the option to extended this in the future by adding extra bars, each bar takes between £7k - £8k over 3 days.A buyer with enthusiasm, a simple marketing plan with some fresh ideas could really take Cocktail Hour to the next level. The company had a facelift in 2017 with new branding, website, pricing structure, menu design and event concepts for the season ahead.We’re happy to help with a full handover and training to get you up and running. A full list of clients will be provided, along with potential event prospects. We still get enquiries coming through every week.Please do get in touch with any further questions.

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