Leasehold Bar Located In Sutton Coldfield

Leasehold Bar Located In Sutton Coldfield
Pool Tables & Comedy Venue
Free Of Tie
Ref 2958

Location
This respected Bar is located in Suton Coldfield, West Midlands. Situated within a prominent and highly visible trading position on the very busy (A5127) Birmingham Road. The immediate area offers a range of retail shops to include, cafes, restaurants and some large retailers which bring high levels of footfall to the area.

Leasehold Asking Price: £44,950 plus SAV (£2,500)

Business Description
Veritas Business sales are delighted to offer for sale this Bar which is located in Sutton Coldfield. The premises was transformed from a shell into what you see today by our client 12 months ago. They are now offering the business for sale due to the arrival of a new family addition.
Since ownership they have refurbished, redecorated and invested in new equipment, along with fixtures and fittings which are all bought and paid for and included within the sale price, which means that any new purchaser will not need to spend any additional funds for some time. Lock Stock & Barrels is overseen by the owner but operated daily by a full time manager and 2 part time members of staff. Turnover can be discussed on application.
We believe that there is potential to increase revenue by having an owner operator at the helm along with the addition of serving in house food and maybe replacing the pool tables and machines with your own to gain 100% of income as opposed to the current 50/50 split. The business has a strong reputation within the local community and beyond and as such has a high level of regular repeat trade. This is a superb opportunity to purchase a growing turnkey business where all the hard work has been done. With this is mind it’s a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday – closed
Tuesday – Thursday – 16:00 – 23:00
Friday – 16:00 – 00:00
Saturday & Sunday – 12:00 – 00:00

Licensing Hours
Sunday – Thursday – 09:00 – 23:00
Friday & Saturday – 09:00 – 00:00

Leasehold
Term: 5 years
Remaining: 4 years
Rent: £300 plus vat per week
Business Rates: currently zero

Ground Floor
Bar with tables & chairs to seat (25) bar servery with 2 x 3 tap beer pumps, 4 tap cocktail pump, soft drink dispenser, undercounter beer fridge, cash register (Sam4’s), wall mounted spirits rack, DJ booth, wall mounted projector screen, wall mounted TV, music/karaoke system and 2 wall mounted electric heaters.
Washroom with stainless steel sink/worktop, CCTV monitor (8 camera system), wall mounted shelf, wall mounted paper towel dispenser, ice machine and glass washer (Adexa).
Office with safe, table and wine rack.
Hallway with fruit machine and stairs leading to the first floor.
Cellar with the usual cellar requirements, wall mounted shelf and chest freezer (Statesman).
Kitchen comprising: stainless steel double sink with drainer, stainless steel table, 2 x deep fat fryers (KM), 5 pot bain-marie (Buffalo), 5 ring electric hob/oven (Flavel), 4 x wall mounted shelves, microwave (Prolex), fridge/freezer (Hisense), grill (Parry), microwave (Tower) and hot water boiler (Stiebel Eltron).

First Floor
Games room with seating for (4), kids grabber machine, cloak hook, pool table and wall mounted electric heater.
Pool room with 2 x pool tables, wooden table, tables and chairs to seat (12), fruit machine, quiz machine, 2 x wall mounted heaters and exit door leading to the beer garden. This room has capacity for (60) people when they operate comedy nights.
Storeroom.
Ladies W/C with wash basin, wall mounted mirror and wall mounted electric hand dryer.
Gents W/C with wash basin, wall mounted mirror and wall mounted electric hand dryer.

External
Rear beer garden with artificial grass, 8 x picnic tables and rear parking for (1).

EPC Rating D