Licensed Restaurant and Underground Cocktail Bar for Sale in Ormskirk
Ormskirk, Lancashire
- Status
FOR SALE
- Advert ID
633319
- Leasehold: Price on Application
- Rent: £24,000 (£2,000 per month)
- Turnover: On request
- Profit: On request
Key Features
Business Details
*REDUCED PRICE* Licenced Restaurant + Underground Cocktail Bar For Sale In Student Town, Ormskirk
*OPEN TO ALL OFFERS*
-For sale is the remainder of the current lease (~9 years with option to extend. Break clause in ~4 years)
-All fixtures & fittings
Rent deposit : 3 months rent (returned upon lease expiry) first 2 months rent upfront (meaning you will pay rent two months in advance every month)
Total rent deposit: £10k VAT
Located in the heart of a vibrant, student town, Ormskirk.
Situated on a bustling main street, the business enjoys high foot traffic.
Covers:
Restaurant: 50
Garden terrace: 36 (sheltered, heated and speakers)
Underground cocktail bar: 25-30 (popular for private events and dungeons and dragons events)
The premises is fully fitted with modern restroom facilities located both upstairs (inc disabled access) and downstairs.
We recently invested £5,000 in new kitchen appliances, ensuring that the bar and kitchen are equipped for continued success and efficient operation.
We currently open from Wednesday to Sunday, 5 PM to 10 PM. Licenced until 1:30 am everyday which presents significant opportunities for growth.
The potential for extending opening hours, adding a breakfast / lunch service, utilising the garden terrace and speakeasy and offering private hire options remains largely untapped.
All fixtures and fittings are included in the sale, providing a seamless transition and turnkey opportunity for the new owner.
The decision to sell stems from a change in circumstances. Our business partner has stepped away for personal reasons, and the remaining owners are unable to commit fully to the business due to other business commitments.
Key highlights of the business include:
- Prime location with high foot traffic and visibility.
- Fully equipped kitchen and 2 bars featuring modern fixtures.
- Stylish interior design with comfortable seating arrangements.
- The bustling Ormskirk area is surrounded by various amenities, attracting numerous customers and contributing to a favorable competitive landscape with limited dining options.
- All fixtures and fittings will be included in the selling price.
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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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