Cheltenham's One-of-a-Kind Bar and Music Venue for Sale, Growth Potential with 2-Year Lease
Cheltenham, Gloucestershire
- Status
FOR SALE
- Date Submitted:
29/07/22
- Advert ID
299756
- Reference
BB5163 / Rightbiz
- Call Agent:
- Leasehold: £250,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Key Features
- Established Business
- Unique Business
- Fully Fitted
- Attractive Business
- Accounts Available
- Close to Local Amenities
- Prime Location
Business Details
Unique Bar and Music Venue In Cheltenham For Sale
Overview:
For sale is a truly wonderful and unique bar business that is now for sale in Cheltenham. The business offers a potential buyer a business that is only going to grow and is located in Cheltenham.
This is a business that is operating on a leasehold and has 2 years remaining on the current lease. The bar business benefits from being exempt from business rates due to the fact it is an outdoor bar business that is based on the footprint of three shipping containers.
Set up in 2019, the business has managed to build up a strong brand and is very well known in the area. This is a genuine reason for the sale and a viewing of the business is highly recommended.
Annual Turnover: £227,187
Annual Turnover Period: Annual
Net profit: £6,135
Adjusted Net Profit: Approx £50,000 - £60,000
Tenure: LEASEHOLD
This is a business that has been established since 2019 and its owners had the great idea of taking over a slice of disused land, in the heart of cheltenham, to bring you a festival bar with vibrant entertainment and local beers houses within two shipping containers.
The Outdoor Inn is dog friendly which means your four-legged friends will love the laid back vibe of just as much as you, with the outdoor pub the perfect choice for alfresco drinks with your pup for company.
There are always regular events running and regular food pop ups. It's a business that allows its customers to bring their own food or have food delivered then that is allowed. It really is a unique business which helps set the tone and offers a truly unique experience.
Accommodation Included: NO
Potential Growth Opportunities:
Signing license agreements, distribution contracts, having more events and increasing its numbers in terms of custom.
Vendor Open To a Transition Period: YES
Business Sector Type: Bar/Club/Pub
Are Company Accounts Available: NO
Management Structure For Business: Run by owner
Number of Staff:
Business For Sale BB5163- Unique Bar and Music Venue In Cheltenham For Sale
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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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.
Be safe, use a Rightbiz Solicitor
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