Wine bars for sale in West Sussex

View the "IMMACULATLY PRESENTED TAPAS & PROSSECCO BAR WEST SUSSEX For Sale" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Y. MacGregor (Nov 2017)
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Leasehold Price: £179,500 Annual Turnover: £300,000
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Business Description
A fantastic opportunity to acquire this high-end Tapas & Prosecco bar. Over £250,000 has been invested in the build-out and is evident from the quality of the establishment. Specifically designed to offer customers a luxury night out. Fully equipped commercial kitchen and bar including quality equipment. Current T/O in the region of £300,000 with healthy adj.NET profits. Run from a 1st floor leasehold premises held on a 5 year lease with rent of ONLY £7,000 p.a Rates are £0 after small business rates relief. This successful business would thrive in the right hands and presents a 'turnkey' opportunity to any interested buyer. Must be seen to be appreciated
Trading Hours:
Opening hours are currently Monday to Saturday - 12noon to 10pm, with an alcohol licence to midnight and able to open from 8am. The business opens on Sundays for special occasions and where the premises are privately hired for parties.

Number of Employees:
The bar is operated by 8 part-time staff. The owner does not work there on a day-to-day basis.

Tenure: Leasehold

Support & Training: Available if required

Location Details:
The business is situated on the first floor corner, overlooking the centre of a West Sussex coastal town.

Leasehold Term:
We understand that the current lease for the premises has about 5 years remaining at a current rent of £7,000pa. The business rates, after small business relief, are currently £nil.

Listed by: Adams & Co

Find out more about this business opportunity.

 
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SA001959
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