Top-rated Cocktail Bar 'The Vault' and Restaurant in Ambleside, Cumbria Up for Sale
Ambleside, Cumbria
- Status
FOR SALE
- Date Submitted:
27/11/23
- Advert ID
603153
- Reference
B07681 / Rightbiz
- Call Agent:
- Leasehold: £69,995
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Highly rated Cocktail bar and Restaurant for sale
BusinessPlease quote reference B07681
CoGoGo are pleased to have been given the opportunity to manage the sale of The Vault which is a well established Bar / restaurant with a renowned reputation amongst local residents. This is a superb opportunity to take on a high turnover local business in an area teeming with customers.
The Vault was founded by the current owners when they identified a need for quality dining in the area and the business has flourished under their ownership accruing an impressive number of regular customers and a burgeoning reputation.
The business has now come to the open market due to our clients desire to pursue a change of direction.
The Vault serves an impressive range of food, freshly prepared on the premises using local ingredients wherever possible. The comprehensive menu includes:
- Tapas
- Sharing boards
- Meat platters
- Burgers
- Small plates
- Meat balls and dirty fries
- Spicy Chicken
- Calamari
- Vegetarian options
- Appetisers
- Cocktails
Key selling points -
- A well established business with many existing customers and increasing month on month
- Current owners happy to offer a handover to ensure the continued success
- Prime trading position benefiting from good footfall and strong tourist trade
- Ideal owner managed or partnership business
- Perfect bolt on to an existing hospitality business looking for a foothold in this area.
- Advertising and Marketing campaign
- Maximise the use of social media
- Extend the opening hours
- Website, ideally with gallery and online ordering facility
- Introduce a delivery service, there is real demand locally
Location
The Vault is located on Cheapside in Ambleside, Cumbria.
The business has clear visible signage, receiving high levels of footfall and passing trade.
Premises
The business occupies two floors of a distinctive and eye catching premises that was previously a bank.
The business is beautifully presented and maintained with a pleasing up market feel and briefly comprises -
- Bar/Restaurant area
- Kitchen area
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a 10 year lease. The current rent is £55,000 per annum.
Hours
The current trading hours are -
Monday - 4:00pm - 11:00pm
Tuesday to Wednesday - Closed
Thursday - 4:00pm - 11:00pm
Friday to Sunday - 1:00pm - 12:00am
Staff
We are advised that the business is staffed.
Financial Profile
Further financials can be made available upon request.
Contact Agent
Listing Statistics
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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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