Cocktail Bar in Hove For Sale

Situated end of parade, excellent main road trading position, residential, office and commercial area, EAST SUSSEX HOVE

Price £139,950

Features

Impressive Cocktail Bar with Restaurant Potential

FORECOURT WITH SEATING FOR 40 PERSONS
4 DAYS OPENING
NEWLY FITTED 2022

PREMISES in the region of 825 ft² with stone flooring, hanging lights. Tables and chairs providing seating for 36 persons. CCTV system (8 cameras, 1 monitor).

Bar. EPOS till, 5 drinks display fridges, glasswasher.

Stairs to basement in the region of 400 ft².

KITCHEN. Stainless steel extractor unit, grill, 4 gas cookers, microwave, 2 large fridge/freezers, stainless steel preparation table.

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Stockroom

Turnover

WE ARE INFORMED the vendor enjoys a lucrative turnover, full details will be discussed upon inspection. In our opinion offering tremendous potential for further development in the right hands.

Staff

The business is at present operated by the 2 partners with 2 full time staff employed.

Trading Hours

4 Day week
THURSDAY - SUNDAY 5 p.m - 12 midnight

It will be appreciated upon inspection that there is terrific potential for additional opening hours.

Outside

Parking space for 1 car

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease private landlord, granted for 10 years in 2019 with reviews every 5 years (next review 2024) at a current rent of £22,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

OUTSTANDING OPPORTUNITY TO ACQUIRE A WELL EQUIPPED BUSINESS IN THIS SOUGHT AFTER TRADING POSITION

Price

OFFERS INVITED TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £139,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 69,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote