Leasehold Drinks Store & Bar Located In Bromsgrove Town Centre

Leasehold Drinks Store & Bar Located In Bromsgrove Town Centre
Second Store Located In Leamington Spa Also Available
Ref 2867

Location
This outstanding Drinks Store & Bar is located in the market town of Bromsgrove, Worcestershire. Situated within a prominent and highly visible trading position on the High Street within the busy town centre. The town is host to an array of large retailers to include HSBC bank, Poundland, Costa Coffee, Boots, Asda supermarket and Superdrug to name but a few. All of which bring high levels of footfall to the area. Bromsgrove is situated approximately (13 miles) south west of Birmingham and (12 miles) north of Worcester. The Town Centre has excellent transportation links with Junction 1 of the M42 and Junctions 4 and 5 of the M5 motorway being within 4 miles.

Leasehold Asking Price: £49,950 plus SAV (£50,000)

Business Description
Veritas Business Sales are delighted to offer for sale this respected Drinks Store & Bar which is located in Bromsgrove. The business was established by the current owner in 2016 and is now being offered for so that she can concentrate on other projects.
Since ownership there has been continual investment in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Decanter Spirit is overseen by the owner but operated mainly by a team of 1 full time and 3 part time members of staff and has an impressive annual turnover of £324,000 net of vat. Approximately £250,000 is retail where they specialise in selling spirits, wines, local craft beers and ales. The remaining £74,000 derives from the bar which is mainly operating at weekends along with other events such as wine tasting. They offer superior customer service combined with a unique product range that is not available in an off license or supermarket. They have a second store located in Leamington which has a turnover of £410,000. This can also be purchased.
We believe that there is further potential to increase revenue with a more hands on owner operator at the helm and by holding more events. The business already enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Hours
Monday – Thursday – 9:30am – 5:00pm
Friday & Saturday – 9:30am – 10:00pm
Sunday – closed

Leasehold
Term 5 years
Remaining: 3 years
Rent: £17,500 pa
Business Rates: £1,130 pa

Ground Floor
Retail comprising: sales & display shelves, sales counter with EPOS till system, central displays, 2 oak barrels, 3 x tables with 13 chairs, bar area with 3 door undercounter fridge, glass washer (Adexa), undercounter freezer (Polar), worktop, stainless steel wash basin, spirits display shelves, till and stairs leading to the first floor.
Stockroom with 2 x metal storage units, large floor safe and upright freezer.
Hallway with 2 door wine fridge, fire alarm keypad.
The premises benefits from internal security shutter to the front and rear. The retail has an air-conditioning unit which also blows hot air when required and there is a blow heater over the front entrance door.

First Floor
Function room with wall mounted TV, bar with 5 bar stools, wall mounter mirror and tables & chairs to cover (25). Overspill bar with seating for (10).
W/C with wash basin, wall mounted paper towel dispenser.
W/C with wash basin and wall mounted hand dryer.

External
Rear yard area and vendors parking for (3).

EPC Rating C