Student Bar for Sale in Reading Berkshire with 3AM License and 20-Year Lease
Reading, Berkshire
- Status
FOR SALE
- Advert ID
654200
- Leasehold: £60,000
- Rent: £20,000 (£1,667 per month)
- Turnover: Not Applicable
- Profit: Not Applicable
Business Details
Rare Reading Student Hotspot Bar – Coveted 7 Day 3AM On Off Licence, New 20 Year Lease
Rare Reading Student Hotspot Bar – Coveted 7-Day 3AM On/Off Licence, New 20-Year Lease & Optional 1-Bed Flat
Description:
A truly rare and unique commercial opportunity has arisen to acquire a fully licensed, versatile wet led bar venue in a prime, high-footfall Reading student hotspot, appearing on the market for the very first time.
The venue is perfectly positioned in a vibrant student area just a 10-minute walk from the main University of Reading campus, guaranteeing a massive, built-in demographic of young consumers right on your doorstep,
The business was previously run under management. Due to the owner’s ill health, the venue is currently closed, forcing a highly reluctant but genuine sale. It is priced competitively for a swift transaction, offering a turnkey blank canvas for a nightlife brand, investor, or student entertainment operator.
The Ultimate Competitive Advantage: A Very Rare 3 AM Reading Licence
What sets this venue apart is its incredibly rare, valuable, and highly unexploited licensing package.
The property holds both an On-Licence and an Off-Licence, valid 7 days a week, permitting alcohol sales until 3:00 AM.
Licences of this caliber are strictly protected by Reading Borough Council and are virtually impossible to obtain outside the town centre area today,
Experienced operators will immediately recognize the immense financial rewards, lucrative student-night potential, and competitive edge a 3 AM licence offers over standard midnight-closing venues.
Main Trading Floor & Blank-Canvas Expansion Space:
The main bar area is fully fitted and ready for immediate revival. In addition to the main trading floor, the property boasts a large, licensed Back Room operating under the exact same 3 AM hours.
The owner had begun taking the back room apart to prepare it for a complete renovation,
however, due to health issues, they were unable to finish the project. This is a massive win for an incoming buyer, the room is entirely stripped back, clean, and acts as a complete blank slate,
the room was used as a function room, club room perfect for student nights, attractin a variety of other nights, and a private event hire space. The photos accurately reflect the exact state of both rooms.
The price
£60.000 or nearest offer for quick a sale,
only serious offers will be considered.
The lease will be a new 20 year full repair lease, direct from the landlord.
Rent: £20.000 Per year.
£5.000 Paid quarterly in advance.
Rent deposit £5.000.
Rates; £1,598.00 per year payable currently.
The business benefits from small business discounts.
Building insurance: £100.00 Per month currently.
Alcohol licence: £180.00 Per year
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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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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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