Featured Brokers
CONFIDENTIAL SALE
FOR SALE
15/03/23
510006
2302U / Rightbiz
Summary:
- Rental Property
- Huge Potential
- Prime Location
- Heavy Footfall Area
- Unique Opportunity
- All Fixtures and Fittings Included
- Highly Rated
- Established Business
- Proof of Funds Required
Business Description:
Silk Letting Ltd are proud to present to the market an independent cocktail bar in the heart of Leeds. Swathed in pure decadence and serving show-stopping cocktails made with quality ingredients in a luxurious environment which has earned them a TripAdvisor Certificate of Excellence
This highly rated and popular bar is located in the heart of the city centre on one of the oldest streets in Leeds and has become well known in the area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to its excellent location.
Serving brunch during the day and becoming a cocktail bar by night, offering over 40 unique cocktails and a liquor emporium of over 300 spirits along with a relaxed and intimate atmosphere has gained this business high reviews across multiple platforms and attracted a regular clientele who enjoy the ambience and atmosphere of this popular establishment.
The bar and seating area on the ground floor, together with permission for an outside seating area creating a lively social environment. The total indoor capacity is around 150 with permission granted by the local council for an additional outside seating area with a capacity of around 12.
The business is currently trading at reduced hours but has a licence in place to trade 7 days a week until 3 am.
The business currently has a fully functional website that is included in the sale of the business, along with all social media platforms.
However, due to a recent price reduction, the purchase of this business at such a bargain excludes the ice machines, pizza ovens and stock.
Location and Amenities:
The business is in a prime location in a busy sought-after area in Leeds. With good transport links making the premises easily assessable for both the owner and customers.
The business is surrounded by local amenities, bars and restaurants putting it in the heart of a trendy neighbourhood.
Growth Potential:
This is a perfect opportunity for any buyer looking to own a well-established business with the potential for further growth.
This already successful business could increase revenue by extending opening hours and increasing trading days. Offers and discounts throughout the week at quieter times to increase business and net profit.
Any new owner could set up agreements with online sellers to reach a wider customer base and increase revenue.
Increase social media following by running incentives/competitions for customers on Facebook and Instagram accounts to boost social media following and encourage more customers to order online or visit the bar.
Financial Profile:
Tenure: Lease – Rents property only – 9 years remaining on lease
Turnover is available upon request.
Property:
The property is located over one floor and consists of a lobby area, seating area with 132 covers, a large bar area, store rooms and toilets.
The premises has a total capacity of 150 and currently have a licence with the local council for outside seating for an additional 12 covers, it is well maintained with modern décor and floor to ceiling back bar.
Security Features:
The property is fully secured with CCTV cameras that the current owner accesses locally from his mobile phone, the business is also fully alarmed that is connected to a 24-hour monitoring station.
Fixtures and Fittings:
Apart from the stock, ice machine, pizza oven and stock everything else will be included.
A full list of assets is available upon request.
Staff Members:
The business currently employs 8 staff members, they are all happy to continue their employment under new ownership.
This is a turn-key opportunity for any new owner looking to purchase an already existing business with the opportunity to increase revenue.
The business is currently open:
Thursday – Friday – 4 pm – 12 am
Saturday – 12 pm – 12 am
Reason for Business Sale:
The current owner is selling the business due to other business commitments. This creates the perfect opportunity for any new owner to take over an already well-established and profitable business.
Would you love to be running an already successful business and call it your own?
This is a business to get excited about and it is a rare opportunity in the market. We anticipate great interest in this amazing listing, and we don’t anticipate this business to be on the market for long.
This is a huge and unique business opportunity to become your own boss and carry out your passion daily.
A viewing of this property is highly recommended to appreciate its true value and the potential it has for any new owner.
VIEWING STRICTLY BY APPOINTMENT!
If you are interested, please contact us to discuss any sale enquiries or arrange a viewing on 0161 507 9791.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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
Get Solicitor
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