Property Of The Month JAM RESTAURANT BAR AND VENUE

·         Excellent future profit potential

·         Well established business

·         Interior of the highest standard

·         Good trading location

·         Leasehold

Guide Price including all business fixtures and fittings £195,000

INTRODUCTION

Jam Restaurant opened in 2016 to cater for a growing demand for private functions including wedding celebrations, birthday parties, hen and stag parties and latterly baby showers.  Its reputation for providing excellent food and drinks at affordable prices and its first-class customer service soon spread and the business has grown from strength to strength.  However, after 10 years the owners have decided it is now time to sell the business and are looking forward to retirement.

LOCATION

Jam Restaurant is located on Sir Thomas Street, Liverpool city centre close to the Met shopping centre and the world-famous Matthew Street.  Sir Thomas Street runs between Victoria Street and Whitechapel.  This area has the benefit of near by on-street parking and a 24hour secure car park close by.

PROPERTY DESCRIPTION

Restaurant/bar – Customer Capacity 150 Seated 94 - Dimensions = 172 sq. meters 

The first impression when you walk through the main entrance on Sir Thomas Street is WOW due to the exceptional décor and design of the restaurant and bar area.  The furnishings comprise of stylish loose tables, chairs and bar stools.  There are also a number of booth seating areas and the flooring is part tiled and part wood throughout.

The bar servery is eye catching and also well designed and equipped with wine and bottle beer cooling fridges, a glass washer and an EPOS till.

Kitchen – Dimension 74 sq. meters

The kitchen is equipped with quality fixtures and fitments and meets all local authority and public health standards and currently has a 5* rating (the highest from Liverpool city council.

Toilet facilities comprise of ladies, gents and accessible toilets all within the venue.

FIXTURES AND FITTINGS

All fixtures and fittings are to be included in the sale.  Any items that are owned by a third party or personal to our clients will be exempt.

GENERAL

The property has the benefit of air conditioning throughout, interior/exterior CCTV, main gas supply and a security alarm system.

 PERMITTED HOURS

Licensed Trade Associates has not examined any licence documentation and any future buyer must arrange with their solicitors to verify this information.

Monday to Thursday 09.00 a.m. till Midnight

Friday to Sunday 09.00 am. till 01.00 a.m.

Premises Licence No:  LA160022

ENERGY PERFORMANCE CERTIFICATE

An Energy Performance Certificate is being prepared by our client and will be made available to prospective purchasers in due course.

TENURE

The business has the benefit of a 10-year lease from the 1st September 2023 to 21st August 2033.  There is a 5-year break clause available on 21st August 2028.  The present rent is £60k net per annum and business rates payable 2025/26 are £8,607.00.

ACCOUNTS

There are 3 years accounts available to seriously interested parties following a formal accompanied viewing of the premises.

Price including all business fixtures, fittings and goodwill but excluding all stock £195.000.00.

VIEWING AND CONFIDENTIALITY

All arrangements to view are strictly by appointment through Mr Bob Collins and no approaches whatsoever must be made to the owner or the business.  For an appointment to view please telephone Bob Collins on 07721 329999.

ANTI-MONEY LAUNDERING

With accordance with Anti-Money Laundering Regulations, we are required by law to verify the identity of the proposed purchaser/tenant once a transaction has been agreed to prevent fraud and money laundering. This will usually take the form of a passport/driving licence and a recent utility bill.

AGENTS NOTES

Prospective purchasers should make their own enquiries as to the adequacy and present condition of all service installations and related equipment at the property, whether referred to in these particulars.  Licensed Trade Associates for themselves, and the vendors or lessors of this property, whose agents they are give notice that- (1.) The particulars are set out as a general outline only, for guidance to intending purchasers or lessees, and do not constitute either in whole or part of an offer or contract. (11.) All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and intending Purchasers or Tenants should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of same.  (111.) No persons in the employment of Licensed Trade Associates has any authority to make or give any representation or warranty whatsoever in relation to this property.  All prices are quoted exclusive of VAT unless otherwise indicated.