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Exceptional Peterhead Sports Bar and Music Venue with Income-Generating Assets for Sale

Peterhead, Aberdeenshire
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Exceptional Sports Bar and Themed Music Venue, PeterheadExceptional Sports Bar and Themed Music Venue, PeterheadExceptional Sports Bar and Themed Music Venue, PeterheadExceptional Sports Bar and Themed Music Venue, PeterheadExceptional Sports Bar and Themed Music Venue, PeterheadExceptional Sports Bar and Themed Music Venue, PeterheadExceptional Sports Bar and Themed Music Venue, PeterheadExceptional Sports Bar and Themed Music Venue, Peterhead
  • Status

    FOR SALE

  • Date Submitted:

    25/01/24

  • Advert ID

    605628

  • Reference

    1157SAF / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £830,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Exceptional Sports Bar and Themed Music Venue, Peterhead

Harbour Lights Peterhead is an imposing and commanding sports bar and themed music venue nestled in the heart of Peterhead town centre. Occupying a prominent position, the business combines the best of a town centre sports bar, a cocktail bar and a nightclub. Enjoying a stellar local reputation, it is hailed as the go-to destination in town.

This exceptional freehold opportunity has undergone substantial refurbishment, presenting itself to the market in impeccable condition. Noteworthy features include a delightful, heated beer garden, a perennial favourite among patrons. Recently, a state-of-the-art video wall was installed, creating a captivating focal point for sports enthusiasts, and adding a distinctive touch to the venue.

While the business primarily thrives on wet sales, the inclusion of a catering kitchen opens avenues for introducing food options at the discretion of a new owner. Currently managed by a competent bar manager and a dedicated team of full and part-time staff, the establishment is overseen by its current owners. Operating seven days a week, from 9 am to 1 am.

This multifaceted opportunity extends beyond its core offerings, generating additional income streams. Two commercial spaces are currently leased to a garage business and a dog groomer on a long-term basis.

The property also boasts two sizable residential units, one of which is tenanted by the current bar manager, presenting an immediate income source. The other unit, with its three bedrooms and spacious living areas, holds the potential to further increase revenue. Whether catering to long-term tenants or short-term self-catering accommodation, these properties add to the attractiveness of the opportunity.

The business has a rich history spanning over 50 years within the current owner's family, the decision to place the opportunity on the market is reluctantly driven by retirement plans.

This unparalleled opportunity encapsulates not only a flourishing business but a diverse portfolio of income-generating assets.
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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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