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Top-rated Cocktail Bar 'The Vault' and Restaurant in Ambleside, Cumbria Up for Sale

Ambleside, Cumbria
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Highly rated Cocktail bar and Restaurant for saleHighly rated Cocktail bar and Restaurant for saleHighly rated Cocktail bar and Restaurant for saleHighly rated Cocktail bar and Restaurant for saleHighly rated Cocktail bar and Restaurant for saleHighly rated Cocktail bar and Restaurant for saleHighly rated Cocktail bar and Restaurant for saleHighly rated Cocktail bar and Restaurant for saleHighly rated Cocktail bar and Restaurant for sale
  • Status

    FOR SALE

  • Date Submitted:

    27/11/23

  • Advert ID

    603153

  • Reference

    B07681 / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £89,999
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Highly rated Cocktail bar and Restaurant for sale

Business
Please quote reference B07681

Hilton Smythe 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
The business enjoys great visibility online with lovely reviews.

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.
Scope for further growth - 

  • 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
All fixtures, fittings and equipment for the business are included in the sale, with a full breakdown available upon further request.



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. 



Read more

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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.

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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.

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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.'.

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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.

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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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The data showed regarding this advert 'Highly rated Cocktail bar and Restaurant for sale - B07681 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.