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Piano and cocktail bar for sale harbour side in Torquay, Devon

Torquay, Devon

CONFIDENTIAL

  • Status

    FOR SALE

  • Advert ID

    656741

  • Leasehold: £125,000 (Stock at valuation)
  • Rent: £65,000 (£5,417 per month)
  • Turnover: On request
  • Profit: On request

Key Features

  • Premium interior and ambiance
  • Prestigious location
  • Prime location with visibility
  • Prime urban location

Business Details

Piano Cocktail Bar for sale harbour side Torquay

Elton's Piano and Cocktail Bar is a distinctive establishment that captivates guests with live piano performances and singing every evening, five nights a week. With a loyal local clientele and visitors hailing from across the country, the bar has earned a reputation for excellence. Our talented mixologists craft exceptional cocktails, while our tapas menu delights the palate with a selection of delicious small plates. Guests are greeted at the door and escorted to their tables, as we strive to create an inviting seated environment where every drink is served directly to you.

Established five years ago, Elton's has become a cornerstone of the community, situated just two minutes from a bustling harbour filled with shops and restaurants. Unlike other venues in the area, we proudly hold the distinction of being the only high-class piano and cocktail bar, making us a unique destination for an upscale night out.

Our establishment offers a comprehensive package for prospective buyers. All fixtures and fittings are included in the sale, from the well-equipped kitchen and stylish bar to the elegant furnishings and our striking white piano adorned with a portrait of Moët. This turnkey operation not only ensures a seamless transition for new owners but also maintains the rich ambiance and decor that defines Elton's.

Business Overview and Opportunities

With a steady turnover and a stable client base, the business operates effectively with a model that allows for profitable returns. Additionally, we have a dedicated team comprising five full-time and five part-time staff members, all of whom contribute to the friendly atmosphere that guests enjoy. Current owners are retiring, providing a wonderful opportunity for others to take the helm at this successful venture.

Community and Competitive Edge

The surrounding vibrant community enhances the appeal of Elton's. Nearby amenities, including a variety of shops and restaurants, provide a lively atmosphere that draws in customers. Being the only establishment of its kind in the area, we enjoy a competitive edge that is hard to replicate.

Support and Resources for New Owners

Transitioning to new ownership can be daunting, but we are committed to providing extensive support throughout the process. We have developed a solid online presence through our website and social media channels, ensuring continued visibility and engagement with our audience. The new owners will benefit from our experience and knowledge, making for a smooth handover.

Key Features of Elton's

  • Premium interior and ambiance
  • Prestigious and prime urban location
  • Profitable business model with transferable lease agreements
  • Versatile usage potential for both daytime and evening trading
  • Well-curated wine and cocktail selection
  • Weekly entertainment events contributing to a vibrant atmosphere
  • Welcoming entrance and friendly, dedicated staff
  • Maintained premises with excellent food offerings, well-reviewed quality, and a unique concept

Elton’s Piano and Cocktail Bar presents a rare opportunity to take over a well-loved venue with a rich heritage and promising future. With all the necessary infrastructure in place, the stage is set for its next chapter. Step into the world of Elton's and continue the legacy of entertaining guests in style.

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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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