Stylish bar and kitchen for sale in Ambleside, Lake District with outdoor seating and potential
Ambleside, Cumbria
- Status
FOR SALE
- Advert ID
635502
- Reference
95920 / Rightbiz
- Call Agent:
- Leasehold: £65,000 (Stock at valuation)
- Turnover: £183,292 (£3,525 per week)
- Profit: £95,000 (52% Profit margin)
Key Features
- Prime Location
- Attractive Business
- Central Position in Affluent Village
- Close to Local Amenities
Business Details
LAKE DISTRICT STYLISH BAR AND KITCHEN IN TOURIST TOWN
Located in the heart of Ambleside
Close to tourist attractions
Ground floor trade area/snug (33)
Mezzanine level (22) and outdoor seating (16)
Potential to develop further
Net sales year ending March 2025 £183,292
SELLER REF 95920
The Vault is located in a prominent position in an area known locally as 'The Golden Triangle' in the popular Lake District town of Ambleside. The property sits in close proximity to other pubs, hotels and retail outlets. Ambleside is located at the northern end of Lake Windermere, England's largest lake, in the heart of the National Park. The town is surrounded by majestic lakeland fells and offers a wide range of outdoor activities, stunning scenery and walking routes. Grasmere, Keswick and Kendal are within easy reach and on average, the National Park attracts 18,000,000 day visitors per year. Ambleside lies on the A591 which links to Keswick via the A66 to the north; it is also accessed via junctions 36 and 37 of the M6.
The property, a former bank, occupies two storeys and is of slate construction with a pitched slate roof and flat roof to the rear. This is a lock-up premises.
The Vault trades as a café and cocktail bar and also offers live sports and music events. It is the perfect place to unwind after a day spent exploring the local attractions. Our clients currently operate the business for four days a week on limited hours and predominantly focus on wet sales. Hence, there is the potential to increase the business’s trading hours, extend the current food menu to include breakfasts and lunches and develop the Vault Room, the mezzanine level trade room and the unused trade room. Additionally, extensive marketing would benefit trade further. It is our opinion that the business would suit a couple or a chef team who wish to develop a business in a location that offers the perfect work/life balance.
Net sales for the year ending March 2025 are £183,292 with net profits in the region of £95,000. Full trading accounts can be made available upon request and with consent from our clients.
More information about the business can be found at www.thevaultambleside.co.uk and on social media.
LEASEHOLD £65,000 to include goodwill and fixtures and fittings. Stock at valuation in addition.
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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.
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Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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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.
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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.
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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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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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