Pubs for sale in Maidstone

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Premium Cocktail Bar, Kent

Maidstone, Kent, England

  • Leasehold Price: £60,000  Price Reduced arrow_drop_down
  • Annual Turnover: £182,000
Seller Reference: KBT47449
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Business Description
 
 
 
 
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Seller Reference: KBT47449
Request Details
Business Description
• Prominent pedestrian location within town centre
• Premium Cocktail Bar, with potential for full restaurant dining facilities
• Up to 120 internal covers over 3 floors, 32 external covers
• Scope to increase trading hours, Energy rating C

Advised income c. £3000 - £3500 per week with gross profit margins. Ideal for hands on owner to maximize profits. Limited trading hours through choice. Ref 47449

An ideal opportunity to purchase a destination cocktail bar in Maidstone, Kent. Maidstone is approx. 30 miles south East of London via the A2/M20and also has easy links to London via the rail network.

The bar occupies a prime trading location in a pedestrian area within the town. Located on Earl Street, a popular area which attracts an abundance of High Street casual dining restaurants, The Imperial Bar serves everything from Cocktails to Prosecco as well as premium Gins, wines and a range of draught and bottled beers. The business is situated in a road sought after by many food and drink operators and acts one of the prime roads in the town.

The business was established in 2017, the three-storey premises has been recently refurbished to a high standard to accommodate an old-fashioned glamour and sumptuous décor. The property provides a welcoming feel with a homely environment and is neatly presented throughout. Since opening, the business has built a loyal and regular customer base which continues to grow by returning customers, word of mouth and social media advertising.

This is a profitable business and currently operates 100% wet sales, with huge potential to expand with the addition of a food menu and private dining. In addition, the business offers tremendous growth potential with an additional dining/private function room on the top floor which is yet to be opened. The business would therefore ideally suit an energetic and passionate entrepreneur or other small to medium sized business who can maximize the opening times and build upon the excellent reputation and regular customer base.

Summary. This is an excellent opportunity to purchase a well-known destination business which has built a good reputation since opening and offers genuine growth potential for any new owner.

A viewing is highly recommended to appreciate the excellent location, internal condition and overall business opportunity which would ideally suit a hands on owner to maximize profit potential.
Tenure:
Leasehold
Is accommodation included?:
Yes
Listed by:
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