Late night R&B venue for sale in Liverpool City Centre with 350 capacity
Liverpool, Merseyside
- Status
FOR SALE
- Advert ID
639005
- Reference
96077 / Rightbiz
- Call Agent:
- Leasehold: £75,000 (Stock at valuation)
- Rent: £72,000 (£6,000 per month)
- Turnover: £625,000 (£12,019 per week)
- Profit: On request
Key Features
- Attractive Business
- Established Business
- Prime Location
- Free of Tie Leasehold
Business Details
LIVERPOOL CITY CENTRE STYLISH LATE NIGHT R & B VENUE
Prime city centre trading position
Highly regarded R & B/VIP venue
Ropewalks area
350 capacity
Well-invested in
Net sales in region of £625,000 per annum
SELLER REF 96077
Pure Nightlounge is located on Back Colquitt Street between Wood Street and Seel Street in the heart of Liverpool city centre's Ropewalks area.  The venue is surrounded by a host of other bars, nightclubs and pubs in a prime location in the heart of Liverpool's nightlife.  It is within easy reach of Bold Street with its array of food outlets, Concert  Square which offers lively nightlife and a short distance from Liverpool One shopping area.  The venue is a short walk from Liverpool Central and Lime Street train stations.
Pure Nightlounge occupies the ground floor of the Manolis Yard development which is approximately 4,000 square feet with the lock-up premises stylishly decorated and furnished to a very high standard.
LEASEHOLD £75,000 to include goodwill, fixtures and fittings. Stock at valuation in addition.
Pure Nightlounge is held on a 25 year lease agreement which commenced April 2014.  Rent currently stands at £72,000 per annum which is paid quarterly in advance.  Rent reviews every fifth year from the commencement date.  Free of all trade ties.  Deposit - £18,000.  Service charge of £590 per quarter.  The lease is within the security provisions and is fully assignable with consent from the Landlord. Â
No direct approach to be made to the business; please direct all communications through Sidney Phillips.
Viewing strictly by appointment only.
A Premises Licence is held for the retail of alcohol. Â LA070085
Licensed hours:
Sunday to Thursday: 12:00 - 03:00
Friday & Saturday: 12:00 - 04:30
Current opening hours:
Friday & Saturday: 10:00 - 05:00
Mains electricity, water and drainage are connected.
Local Authority: Liverpool City Council
Rateable value: £63,500
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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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