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Town Centre LGBTQ Bar with Two-Bedroom Flat for Sale in Workington, Cumbria

Workington, Cumbria
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CUMBRIA - TOWN CENTRE LGBTQ BAR Photo 1
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CUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BARCUMBRIA - TOWN CENTRE LGBTQ BAR
  • Freehold: £110,000 (Stock at valuation)
  • Turnover: £80,000 (£1,538 per week)
  • Profit: On request

Key Features

  • Adjacent to Multiple Retailers
  • Close to Local Amenities
  • Trade Gardens Available
  • Town Centre location

Business Details

CUMBRIA TOWN CENTRE LGBTQ BAR

Workington town centre
End-of-terrace property
Ground floor trade area
80 capacity LGBTQ bar
Two bedroom flat
Net sales £80,000 per annum

 

LGBTQ bar in the heart of Workington town centre.

Location:

Rewind is located on the main circuit in the heart of Workington town centre, surrounded by a host of other hospitality outlets. The town of Workington sits astride the River Derwent and is bounded by the Solway Firth and the Irish Sea, and the Lake District to the east. The town lies eight miles north of Whitehaven and five miles south of Maryport. It offers easy access to Carlisle, Cockermouth and the Lake District National Park & Yorkshire Dales.

The town lies on the A596 which links Maryport and Carlisle to the north, and Whitehaven to the south. The nearby A66 provides easy access to the National Park and M6 Motorway. Whitehaven railway station serves the town with services to Carlisle and Barrow-in-Furness.

The property occupies and end-of-terrace position over three storeys. It is of brick construction with white and red painted rendering, under a pitched slate roof. The property comprises:

 

Property:

TRADE AREAS:
- SPLIT LEVEL TRADE AREA: Open plan, with exposed brickwork and panelled walls. DJ booth, laminated flooring and bar servery. Well-appointed and decorated throughout. Seating for approximately 25, with a capacity of 80.
- GENTLEMEN'S TOILETS.
- LADIES TOILETS.

OWNERS ACCOMMODATION:
Set across first and second floor, comprising:
- DOUBLE BEDROOM
- SINGLE BEDROOM 
- LOUNGE
- KITCHEN
- BATHROOM
- OFFICE

EXTERNAL:
- ENCLOSED COURTYARD: Sheltered, with picnic style benches for 16.

 

Licence:

A full Premises Licence is held for the sale of alcohol by retail:
Seven days at week 12:00-02:00

Current opening hours:
Friday and Saturday 19:00-02:00

 

Services:

All mains services are connected.

Rateable Value £11,000

Local Authority: Allerdale Borough Council

 

Business:

Rewind trades as Workington's only LGBTQ bar and is on the main town centre circuit. It is well-known for its mix of 80's and 90's music, special drinks offers and it welcoming atmosphere.

Net sales stand in the region of £80,000 per. The business is currently open only 2 nights per week which offers scope for increased sales by extending opening hours/days. Further accounting detail can be made available following a formal viewing.

The property offers a two bedroom duplex flat which is currently under renovation and offers a potential rental income of circa £450 per calendar month.

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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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