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Established, Popular Bar with Unique Concept Available for Acquisition in Hastings, East Sussex

Hastings, East Sussex

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    23/02/24

  • Advert ID

    607281

  • Reference

    563 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £120,000 (Stock at valuation)
  • Turnover: £223,538 (£4,299 Per week)
  • Net Profit: Not Applicable

Key Features

  • Accounts Available
  • Town Centre location
  • High Turnover
  • Attractive Business
  • Fully Fitted
  • Adjacent to Multiple Retailers
  • Established Business
  • Prime Location
  • Unique Business
  • Close to Local Amenities

Business Details

This is a rare opportunity to acquire an established, hugely popular bar in Hastings, East Sussex

This is a rare opportunity to acquire a well-established, hugely popular bar based in Hastings, East Sussex. The business is available on a leasehold basis only.

The business is a unique concept that the current vendors have skilfully created! This award-winning business operates as a fashionable cocktail bar and coffee house, selling a wide range of cocktails, spirits, artisan coffee and bistro-style quality food including, light brunches, sharing boards, and delicious desserts. What makes this business stand out from their competitors is their infamous bottomless brunches and amazing karaoke suite which are popular for birthdays, hen parties, or any special celebration! The aim of the business is to create a unique atmosphere and a hub for the local community and tourists alike, and their team of loyal, experienced staff always ensure that all visitors receive a welcoming service and a memorable visit.

The premises has been renovated to an exceptionally high standard throughout as the current owners have skilfully combined the character features of the building with modern fixtures and fittings. The business is located on a busy pedestrianised street through the town and can boast a capacity of around 50 customers inside has a small seating area outside to the front of the business. The bar is on the ground floor with seating for customers over the ground and first floors. The karaoke suite is on the second floor and has a private bar and photo area with props for a fun night out! The premises also has a commercial kitchen, toilet facilities, cellar, and storage areas.

The business has been established since 2021 and experienced substantial growth on an annual basis since then. They have built up an excellent reputation in their local community and are considered a household name in the town. They can also boast a loyal customer base which has resulted in a vast amount of repeat and recommended business which has led to impressive financial figures over a sustained period.

·       High footfall and passing trade

·       Prominent location in the area

·       Karaoke suite

·       Infamous bottomless brunches

·       Loyal customer base

·       Quality premises renovated to a high standard.

·       50 internal covers

·       Small outside seating area

·       All fixtures and fittings included

·       Minimal Competition

·       High Turnover - £223,538

·       Huge potential for further growth and success.

It is with a heavy heart that the current vendors are selling to pursue other interests. Due to the desirable location and impressive financial performance of the business, we strongly advise a viewing to avoid disappointment. This business represents an excellent opportunity for an entrepreneur looking an established business within the catering/licenced sector or an existing business looking for a lucrative acquisition.

We have received many enquiries on this business at an initial stage so please contact us to arrange a meeting to avoid disappointment.

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Contact Agent

Contact the seller for more details, or book a viewing

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.

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Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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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.

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Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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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.

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.

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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.

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The data showed regarding this advert 'This is a rare opportunity to acquire an established, hugely popular bar in Hastings, East Sussex - 563 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.