| | | BUSINESS FOR SALE ADVERT DETAILS | | | ADVERT VIEWED : 8,554 TIME(S)
BUSINESS REFERENCE : Caledon Bar / RightBiz THE CALEDON BAR & LOUNGE, GARTHDEE ROAD, ABERDEEN | | | | | | Well jnown and thriving, Fully Licensed Public House & Lounge Bar. Prime trading location on Garthde Road in the West End of Aberdeen. Enjoying strong year round local support and growing Function Trade. Includes smart modern 2-bedroomed flat. | | | BUSINESS LOCATION: | Aberdeen Grampian UNITED KINGDOM | | BUSINESS SECTOR: | Leisure, pubs and hotels | | TRADE TYPE: | Pubs Public Houses | | SELLER: | Agent Sale | LEASEHOLD: | £29000 | ANNUAL RENT: | £28741 | | | | | | | | | | | BUSINESS DETAILS: | The Caledon is a popular, Fully Licensed traditional Public House & Lounge Bar requiring no introduction in and around the Aberdeen area. The business enjoys a well established reputation and enjoys a large prominent site and prime roadside frontage to the busy Garthdee Road in the west end of Aberdeen. The business drives trade primarily from wet lead sales in the popular and spacious Public Bar and Lounge Bars and offers a restricted bar menu at lunchtimes during the week, mainly catering to the student market.
The Caledon is well regarded locally and sits at the heart of the community providing a supportive base for darts, pool and football teams which participate in their various leagues, in turn generating reciprocal support for the business. A further encouraging income stream is a growing function trade, the Caledon Lounge becoming a popular venue for Birthday, Anniversary, Engagement and Wedding celebrations with excellent capacity and a layout suitable to accommodate live music.
The business is family run and both bars offers a warm welcome, an excellent choice of refreshments and a good range of facilities which includes sky television and coverage of major sporting events. To the side of the building is the beer garden with outside seating and a bespoke smokers' area.
The vibrant city of Aberdeen has a population of around 250,000 people and benefits from a busy harbour and coastal location in the beautiful North East of Scotland. The city is perhaps most renowned for its buoyant oil related business community which helps drive the highland economy, yet benefits from a strong tourist trade as the picturesque north-east countryside combines with Aberdeen’s many modern retail shopping centres to form a significant attraction for visitors. The Caledon is ideally placed on Garthdee Road close to Robert Gordon’s University Garthdee Campus, and Gray’s School of Art, thereby benefiting from a strong student based trade. The immediate surrounds are mainly residential again offering a regular and supportive client base.
The vendors have run the Caledon since 2003 and have enjoyed several years running this busy community based business forging many friendships in the process. With a young family and other business opportunities they have decided to place the property on the market.
THE PROPERTY
The property is of stone construction under largely flat roofing. Accommodation is arranged over two levels as follows:-
PUBLIC AREAS
The property sits on a prominent site on Garthdee Road with a substantial private car park. From the car park partially glazed solid outer doors open into an entrance hallway from which a door leads directly into the spacious Lounge Bar. The Lounge benefits from a high ceiling, smart downlighting, further picture lights and comfortable seating. The large attractive bar servery is a prominent feature with a catering hot-hold facilities to one end. An area to the rear of the Lounge is used to accommodate live music performances. The Lounge will hold 180 for a function or 150 if seated. To the other side of the property the Public Bar has a separate access, which opens into the large sports themed customer area. The Public Bar offers live sporting coverage from Sky Television on its large plasma TV, has a Pool table and Darts board, fruit and quiz machines together with a Juke box. This bar also benefits from an extensive well stocked servery, which like the Lounge caters to the varied wishes of clientele, with a good choice of draft beer, wines, spirits and minerals. Outside the bar there is a beer garden and external smoking area.
SERVICE AREAS
The business benefits from a commercial kitchen and wash-up area. The Bar serveries are well equipped and have a glass washer and ice machine. The cellar is located to the rear of the building, convenient for both bars, with a secondary cellar which is used for additional fridge/freezer capacity together with further storage. There is a small Administrative Office with premises round CCTV monitoring.
OWNERS FLAT
A beneficial feature of the business is the flat for resident owners which is located on the first floor. This has private main door access and comprises of a fitted Kitchen, large Lounge / Dining Room, 2 Double Bedrooms and Family Shower Room. The property has full central heating and double glazing.
GROUNDS
The business is a substantial property with good roadside frontage. The property benefits from substantial private parking for approximately 30 cars. The beer garden garden and smoking area are set to the side of the building.
DEVELOPMENT POTENTIAL
Current trade has been achieved in the absence of any significant catering income, a limited menu presently offered on a Monday to Friday basis to cater to the wishes of local students. New owners could readily develop the catering side of the business which would generate an increase in revenue.
SERVICES
Mains electricity, water and drainage. Oil fired central heating. Broadband facilities.
LICENCES
The business holds a Public House License with Regular Extensions.
TRADE
The business trades 7 days a week as follows
Monday – Saturday 11am – 12 midnight
Sunday 12.30 – 11pm
Turnover Net of VAT to 31/10/06 was £236,048. Accounting information will be made available to seriously interested parties subsequent to viewing.
PRICE
Offers over £29,000 are invited for the leasehold interest in the business complete with goodwill and trade contents (according to inventory), excluding personal items. Stock at valuation.
TENURE
The business is currently held on an original 20.5year lease from 2003 with 3 yearly rent reviews. The current passing rent is £28,741 per annum.
FINANCE & LEGAL SERVICES
ASG Commercial is in touch with several lenders who provide specialist finance to the hospitality trade. We will be delighted to discuss your financing requirements with you and make an appropriate introduction.
We have a large team of legal experts in-house and can act in all legal matters arising to include Conveyancing and Licence Transfers.
DIRECTIONS
The Caledon is located on Garthdee Road in the West End of Aberdeen. Please see the inset map.
Viewing
All appointments to view must be made through the vendors selling agents:
ASG Commercial
York House
20 Church Street
Inverness IV1 1ED
Tel: 0845 4500790
Fax: 01463 711083
E-mail: info@asgcommercial.co.uk
Offers
All offers should be submitted in writing to ASG Commercial with whom purchasers should register their interest if they wish to be advised of a Closing Date if one is set. | | | | | CONTACT: | ASG COMMERCIAL | | TELEPHONE: | 0845 4500790 | | REFERENCE: | Caledon Bar / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
