Newly Established Tropi's Bar for Sale in Houghton le Spring Tyne and Wear's Town Centre
Houghton le Spring, Tyne and Wear
- Status
FOR SALE
- Date Submitted:
19/12/23
- Advert ID
604071
- Reference
B07719 / Rightbiz
- Call Agent:
- Leasehold: £29,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Newly established Bar opportunity for sale
BusinessPlease quote reference B07719
CoGoGo are delighted to welcome to the market TROPI'S BAR LTD T/A Tropi's Bar, a newly established business opportunity in the town centre of Houghton Le Spring, Tyne and Wear.
The business was established by our clients in October 2023. Its built up an excellent reputation and regular customer base during its short time of trading.
Tropi's Bar has now come to the open market due to our clients desire to focus their time on other commitments.
This is a highly rated bar that also offers live music. The premises has a capacity of 100 and holds a late trading licence.
Key selling points -
- Outstanding reviews
- Repeat custom
- Huge Scope for expansion
- High footfall location
- Low overheads
- Rates Exempt
- Push advertising and marketing
- Increase the opening hours
Location
Tropi's Bar is located on Newbottle Street, in the town centre of Houghton Le Spring.
The business has eye catching signage, receiving high levels of footfall and passing trade.
Premises
- Open plan service area with moden and bespoke lighting, fixtures and fittings.
- Bar area.
- To the rear of the premises are the WC's.
- Storage room.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a yearly rolling agreement. The rent is £700 per month.
Our client has advised that that the Landlord has confirmed that a new 5 year lease will be offered to a new buyer.
Hours
The current trading hours are -
Monday to Thursday - Closed
Friday to Saturday - 6:00pm - 2:30am
Sunday - Closed
Staff
We are advised that the business has 2 full-time and 1 part-time adhoc staff members.
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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