Town Centre Lounge Bar Warrington | | Warrington Cheshire | | Well established business All year round business Levels of good turnover £250,000 PA with a gross profit of 65% Leasehold business Large development potential Live Bands | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 59935
ADVERT IMPRESSIONS : 31,557 TIME(S) | | | | BUSINESS SECTOR: | Hotels / Pubs / Accom | | TRADE TYPE: | Wine Bars | | SALE: | Agent Sale | ASKING PRICE: | £85000 | LEASEHOLD: | £85000 | ANNUAL RENT: | £30000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Key Features:
Well established business
All year round business
Levels of good turnover £250,000 PA with a gross profit of 65%
Leasehold business
Large development potential
Situation
This successful business is situated in the fantastic trading position of the busy business area in Warrington.
Business
This ground floor well established business has been trading for the past four and half years. The lounge is currently making a fantastic turnover and improving profits all the time. This business has a wide cliental and is licensed for 150 persons.
The busy bar and lounge is well known and has a great reputation. The business also has regular customer base due to good quality services that our client has worked very hard in building over the years the majority of our clients customer base comes from local drinkers and people who are out in the town and want a more chilled out atmosphere before hitting the main Bars and clubs, are client generally offers live bands through out the week and on weekends which has proved a success over the years, Next door to the bar is a extremely popular restaurant which also helps bring customers. Overall the main age group for this bar is 25years+ due to the style of music played. The lounge has an excellent turnover of approx £4,000 PW, £250,000PA with a gross profit of 65%.
Although the business has successful levels of turnover there is potential for further growth with the lounge not currently taking part in a food services this is an opportunity to enhance income as one of the lounges in the basement could be transformed into an eating area. The local council have indicated they are going to pedestrianise the area in front of the premises if this opportunity goes ahead the business could then place tables and chairs outside the premises this will also enhance income. The bars currently capacity is 180 which on a regular basis with popular bands have been known to been filled. The opening hours could be expanded for further growth
as the present opening hours are:
Mon Thurs: 12 noon - 12am
Fri Sat: 12 noon- 1am
Sun: 12 noon 11pm
Our client is currently only putting this well presented bar The Lounge on the current market due to wanting to spend more time with family and have a well earned break as our client has worked extremely hard in the business over the past four and half years.
The business Building
The ground floor premises currently consists of a small kitchen area which is great if a potential buyer is thinking of taking the opportunity of the catering service for further income. WC facilities are also on the ground floor.
The lower ground floor includes 2x spacious lounges fitted with modern well maintained furniture, standard size entertaining stage area, cellar and storage area.
Viewing and Confidentiality
All arrangements to view are strictly by an appointment through the Offices of Local commercial. And no approaches whatsoever should be made to the owner or the business. For an appointment to view please telephone 01254 776022. Quote REF 1042 | | | | | | FOR SALE | | | | | REFERENCE: | 1042 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
