Leasehold Independent Bar Located In Sutton Coldfield

Leasehold Independent Bar Located In Sutton Coldfield
External Covered & Heated Patio Area
Late Drink Licence
Free of Tie
Ref 3286

Asking Price £99,950 plus SAV (£10,000)

Location
This stylish bar is situated in the Sutton Coldfield area. Further details on application.

Business Description
Veritas Business Sales are delighted to offer to the market this well-established and highly regarded bar, prominently situated within Sutton Coldfield. The business was established by our clients in 2019 and is now being offered for sale to allow them to enjoy a well-deserved retirement.
The business operates from a unique building which has been extensively refurbished, redecorated and continually improved by our clients. Significant investment has been made in equipment, fixtures and fittings, all of which are owned outright and included within the sale price. This provides an excellent opportunity for a new owner to acquire a fully equipped, turnkey operation without the need for significant immediate expenditure.
The business is currently owner-operated with the assistance of five part-time members of staff and generates an annual turnover of approximately £300,000 net of VAT. Further accounting information will be made available to genuinely interested parties upon application.
The venue provides a relaxed and welcoming environment where customers can enjoy the attractive surroundings. The offering includes a selection of fine wines, quality spirits and cocktails, speciality coffees, quality beers and snacks. Customers also benefit from the ability to pre-book tables, together with a convenient table service offering.
We believe there is clear potential for further growth, particularly through extending the current opening hours and developing the food offering. The business has established an excellent reputation within the local community and beyond, resulting in a strong level of regular and repeat trade. This represents an excellent opportunity to acquire a genuine turnkey bar where the hard work has already been done. With an established customer base, attractive premises and scope for further development, the business offers an excellent platform for a new owner to build upon. Early viewing is highly recommended.

Leasehold
New lease to be negotiated
Current Rent: £32,500 pa
Rates: £6,600 pa

Ground Floor
Entrance door leading to small vestibule porch.
Bar comprising: tables and chairs to seat (30), bar servery with four-tap and six-tap beer pumps, stainless steel wash basin, EPOS till system with cash drawer, stainless steel sink, three door under-counter drinks fridge (Baridi), two door under-counter fridge (Polar), two head espresso coffee machine (Sanremo), coffee grinder, worktop, variety of spirits display shelving, ceiling mounted glass storage hangers, condiments area with worktop, two door under-counter drinks fridge (Adexa), storage shelving, storage cabinet and window hatch for serving drinks.
Disabled toilet with WC, washbasin, wall-mounted mirror, baby change, wall-mounted hand-dryer.
Basement
Ladies toilet with 2 x W/C’s, dual wash basin, 2 x wall-mounted mirrors, wall-mounted hand-dryer.
Male toilets with 2 x urinals, dual washbasin, WC, wall-mounted mirror, wall-mounted hand-dryer.
Kitchen with glass washer (Class EQ), ice machine (Whirlpool), small chest freezer, stainless steel upright fridge (Adexa), dishwasher (Class EQ), stainless steel worktop with sink and washbasin, insect zapper, bake-off oven (Adexa), stainless steel table, 2 x domestic microwaves (Sharp), domestic microwave (Panasonic), stainless steel table with two shelves, dual panini press (Buffalo), griddle, four-slice toaster, stainless steel table with two shelves, extraction canopy, under-counter freezer (Bush).
Cellar which comes fully equipped with storage racking.
Hallway with stainless steel wash basin, rear exit door.

First floor
Bar with seating for (35), 3 x wine dispensers, display shelves for glass storage, 2 x air-conditioning units/heaters (Samsung), balcony with seating for (15), 4 x electric heaters.

Second Floor
Office & spirits storeroom with wall safe, 2 x storage units, wine rack, CCTV monitor (18 camera system).
Office.
Boiler room with combination boiler (Vaillant).

External
Frontage with seating area for (40). Off road parking for (4). Side patio area with covered pergola, 4 x electric heaters and seating for (40). Rear yard with bin area and vendor parking for (2).

EPC Rating D