Bar for rent

Stroud, GL5 3DY


£600,000 per year
£50,000 per month
S.O.A.

Features

  • Desirable town centre trading position
  • Excellent local reputation
  • Extensive inventory of quality fixtures & fittings
  • Fantastic change of lifestyle opportunity
  • Function room/Nightclub capacity 120 persons
  • Good mix of complementary businesses nearby
  • Healthy turnover and profits with scope to improve
  • Licensed to sell alcohol
  • Located in sought after Gloucestershire town
  • Popular Cafe & Nightclub/Function room
  • Well-presented throughout

Description

Cafe and Nightclub/Function Room which occupies a prime trading position in the main shopping area of this popular Gloucestershire town. It has been under the proud ownership of our clients since March 2018. It is now reluctantly being placed on the market as the owner wishes to concentrate on his other business interests outside of the catering industry.


During our client's stewardship the business has built up an excellent reputation for its welcoming atmosphere, fantastic food and great service.


This extremely well presented turnkey cafe and Nightclub/Function room enjoys a central town centre trading position on a busy shopping thoroughfare with good pedestrian flow.  Customers are attracted to the area because of the range of independently owned businesses on offer. This thriving business is operated during the daytime as a Cafe where all produce is sourced locally wherever possible and all food is freshly prepared and cooked to order. It is considered the premises are suitable for all types of cuisine.  At Night it becomes a popular Bar with Nightclub which has a capacity of 120.


The business is run by our clients with help from a dedicated team of part time staff and generates a turnover in the region of £123,000 per year with healthy gross profit margins. There is tremendous potential to increase the turnover possibly by running a modest marketing campaign or by extending the opening hours.


The Premises


Substantial and well maintained leasehold building, benefiting from being in a highly visible position on one of the main roads that runs through the centre of Stroud.  It is surrounded by an excellent mix of complimentary independent owned and multiple businesses.


The premises have been well maintained and are fitted and presented to high trade specifications throughout. These charming premises provide outstanding and highly functional internal business accommodation.


The premises briefly comprise:


 Ground Floor



  • Main Cafe/Bar area which is open plan and has a customer seating area with a range of free standing chairs and tables comfortably seating 25 plus customers.

  • Lower Cafe/Bar area with approximately 10 covers


Lower Ground Floor



  • Well-equipped catering kitchen

  • Cellar

  • Customer toilets


First Floor



  • Night club/Function Room which has its own Bar as well as a DJ Booth

  • Customer Toilets


External



  • Seating at tables and chairs for approximately 10 people


Business Details


 Opening Hours



  • 10.00am - 6.00pm Monday - Thursday

  • 10.00am - 1.00am Friday & Saturday


 


Turnover



  • £120,000 Per year


 Business Rates


Business rates payable: Nil


Interested parties should make their own enquiries of the local billing authority to ascertain the exact rates payable or enquiries can be made online at the VOA website www.voa.gov.uk


Stock


The business stock value is: TBC


Staff


The business is run by the proprietor with help from a dedicated team of staff who work on an agreed rota basis.


EPC


Commercial Energy Performance rating: D


 Tenure



  • Leasehold.

  • We are advised that the business comes with the benefit of a secure lease which was originally for 10 years and has 9 years remaining.

  • The annual rent payable is £30,000


 Legal Costs


Each party to bear their own legal costs incurred in the transaction.


 Accounts


Accounts will be provided to genuine purchasers after a formal viewing


Viewing


Strictly by appointment with the vendor’s agents, Falcon Commercial, 1 Miltons Yard Axminster EX13 5FE on 01297 598080



 

Categories

Bars
Call
Property reference
CP4383481_65