Leasehold Cocktail Lounge & Kitchen Located In Leamington Spa

Leasehold Cocktail Lounge & Kitchen Located In Leamington Spa
Prominent Town Centre Trading Position
Exceptional Fixtures & Fittings
Staff Operated
Ref 3292

Asking Price £149,950 plus SAV (£5,000)

Location
Nomad occupies a prominent town-centre position on Warwick Street, one of Royal Leamington Spa’s established commercial streets. The surrounding area provides an attractive mix of independent retailers, restaurants, bars, leisure operators and professional businesses, generating strong pedestrian footfall throughout the day and evening. The property is conveniently located close to The Parade, while Leamington Spa itself is an affluent and highly regarded Warwickshire town with excellent road and rail connections to Warwick, Coventry, Birmingham and London.

Business Description
Veritas Business Sales are delighted to offer for sale Nomad, a stylish and fully fitted Cocktail Lounge & Kitchen in the heart of Leamington Spa. The current owners completely reinvented the premises, opening Nomad in December 2024. Since taking occupation, they have invested significantly in the property, undertaking refurbishment and redecoration works and installing an extensive range of quality fixtures, fittings and commercial equipment. The business is now being offered for sale because the three owners have existing professional commitments and are unable to devote the time required to maximise the opportunity.
Nomad is currently operated by a small team of staff, one full-time and three part-time and trades five days a week, with approximately 90% of turnover generated from wet sales and the remaining 10% from food. The business benefits from an experienced mixologist and is presented to the market in excellent condition, providing an incoming purchaser with a fully fitted, ready-to-trade cocktail lounge and kitchen.
There is clear scope to develop the business further, including the potential to extend the current opening hours to seven days a week and develop the food offering. An excellent opportunity for an experienced operator looking to acquire a modern, established and comprehensively equipped town-centre bar and eatery. Early viewing is highly recommended.

KEY FEATURES
• Prominent town-centre location
• Established cocktail lounge and kitchen
• Fully refurbished and fitted
• Quality fixtures, fittings and commercial equipment
• Approximately 90% wet sales
• Experienced mixologist
• Staff operated
• Currently trading five days a week
• Scope to extend opening hours
• Potential to develop the food offering

Opening Times
Sunday & Monday – closed
Tuesday – Thursday – 15:00 – 23:00
Friday – 15:00 – 01:00
Saturday – 12:00 – 01:00

Leasehold
Term: 5 years (New lease available)
Expiry: July 2028
Rent: £27,000 per annum
Service charge: £5,000 per annum
Business rates: £6,590 per annum

Ground Floor
Lounge bar which is split level and has a mixture of seating, tables & chairs to cover (60), bar servery with under-counter drinks fridge (Prodis), EPOS till system and cash drawer, 3-door under-counter fridge, single-door under-counter fridge, stainless steel sink, stainless steel wash basin, glass washer (Class EQ), dual-head espresso coffee machine (Lelit), coffee grinder, 4-tap beer pump, 12 glass display shelves, 2-door under-counter Fridge (Coca-Cola), worktop, storage cabinet, various pictures, sound and lighting system, air conditioning unit & heater x 2.
Gents toilet with WC, wash basin, wall-mounted hand dryer.
Ladies toilet with WC, wash basin, wall-mounted hand dryer, wall-mounted mirror.
Unisex/disabled toilet with WC, wash basin, wall-mounted hand dryer, 2 x wall-mounted mirrors.
Commercial kitchen comprising: saladette with marble worktop and 3-door under-counter fridge, 2 x wall mounted stainless steel shelves, stainless steel wash basin, 4-ring electric hob (Lincat), dual deep fat fryer (Hamoki), electric oven (Hamoki), under-counter fridge (Zenith), under-counter freezer (Indesit), stainless steel sink drainer with 2 draining racks, dishwasher (Adexa), ice machine (DC), stainless steel corner table, CCTV monitor (8-camera system), worktop, 10 x stainless steel shelves, cooling system for the bar, upright freezer, upright fridge (Hotpoint), upright fridge freezer (Fridgemaster), extraction canopy, rear exit door.
Please note that the kitchen has no mains gas

External
The property benefits from a front seating area providing approximately (12) covers, together with a rear yard and access to the basement.

Basement
Secure spirits storeroom. Storeroom with chest freezer (Smeg), fridge freezer (Foster), freezer (Beko), stainless steel table, storage cupboard. Shared access to a utilities/comms room. There are three additional storerooms which, subject to the necessary consents and requirements, could potentially be adapted to provide office, WC and staff facilities.

EPC Rating C