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High Street Bar Restaurant Night Club for sale in Tamworth

Tamworth, Staffordshire
  • Status

    FOR SALE

  • Date Submitted:

    13/05/22

  • Advert ID

    295303

  • Leasehold: Price on Application
  • Turnover: On request
  • Net Profit: On request

Business Details

City Business Brokers are delighted to welcome to the market this well-established Bar and Nightclub business, ideally located in the heart of an historic Staffordshire town.

The business offers Coffee or breakfast in the morning, a bottomless brunch on the weekend or late-night dinner and cocktail. A late-night licence is also in place.

This well-established business has been in our clients’ careful ownership for the last year and is now only being offered to the market due to our clients’ family circumstances. The business operates seven days per week and generates a turnover in the region of £7,500 per week (60% wet sales,40% dry sales).

Our clients offer a varied menu of Breakfasts, Fish and Chips, Burgers, Pies, Steak, Sides, Sandwiches, Salads and Jacket Potatoes, as well as a Children’s Menu. They also offer a wide range of Gins, Real Ales, Ciders, Wines, Spirits, soft drinks and hot and cold beverages, all served within the beautifully fitted out and recently refurbished premises. Private hire for celebrations, parties and events is also available.

The business has built up an enviable reputation within the area which has resulted in a very loyal client base, with a vast amount of repeat trade and word of mouth referrals.
It has an excellent website in place to advertise the business and services offered and social media presence on Facebook, Twitter and Instagram.
The large premises boast a spacious Bar and Dining Area as well as ancillary accommodation including Cellar, Sound Room, Staff Room, CCTV room and walk-in Freezer.

A valuable inventory of fixtures, fittings and equipment is included in the Asking Price.

Trading Hours (currently operating ‘Winter’ hours):
Sunday 12.00pm to 8.00pm.
Monday Closed.
Tuesday to Thursday 9.30am to 11.00pm.
Friday and Saturday 11.00am to 2.30am.

Lease: 19 years remain on the current lease.
Rent: £35,000 per annum.

Opportunities:
• Expand the menu.
• Freehold may be available.
• A new owner could also launch a small marketing campaign to advertise the business and fayre offered.

This is an excellent opportunity for a new owner to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.

The existing business creates the groundwork and framework on which a new owner could continue to build. The business is fully set up for continued operation and we believe it would make an attractive proposal for anyone looking to acquire a Bar and Nightclub business in an established location. This project and investment are ideal for someone with an energetic approach and experience in the trade.

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Key Features

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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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