Wine Bar plus Large Function Room in Essex For Sale

Commanding corner position, excellent main road trading position, residential, office and commercial area, ESSEX

Turnover £ 8,000
Price £250,000

Features

Wine Bar & Function Venue with Bar (with Own Entrance) - A4 Licence with Special Events Extension

PREMISES in the region of 700 ft² - Ground Floor

3 DAYS OPENING

Double doors to entrance. PREMISES in the region of 1,975 ft². CCTV 8 cameras, monitor and recording facility, Fire alarm. Non slip industrial floor, spotlights. Air conditioning (hot and cold). Electric radiators.

Poser tables and stalls for 12 persons. Velvet booths seating 12 persons. Ample standing room - capactiy 80 persons

BAR. Touch screen till (on loan). 2 double under-counter fridges, wine fridge, single door fridge, ice machine, glasswasher, selection of optics, 4 beer pumps, diagio (check sp) cocktails on tap, dumb waiter. Music system with linked speakers.

Ladies toilets - 2 cubicles, sink and mirror

Gentlemen's toilets - 2 urinals, cubicle, sink and mirror

Store cupboard

Cellar for casks and storage

Fire exit


SEPARATE FIRST FLOOR FUNCTION ROOM 700 ft². Internal stair case and access from street level. Air conditioning (hot and cold). Wood plank effect vinyl floor, pitched ceiling with chandelier and spotlights, ceiling mounted fans for air circulation.

Shelf and stalls to side, black velvet bench sitting, 2 long black velet bench seats, 3 circular tables, 6 black velvet chairs. Feature arch shaped stain glass windows. Stage with DJ booth. Large TV

BAR. Touch screen till, 2 double under-counter fridges, dumb waiter.

Balcony with external staircase.

SEPARATE KITCHEN in the region of 280 ft². Tiled flooring, striplights. Stainless steel extactor, gas oven, 5 burner hob, electric commercial griddle 2 single chip fryers, hot cabinet, commercial microwave, double chest freezer, full height single door fridge, single sink,

Storage cupboard

Ladies toilets 2 cubicles, sink mirror hand dryer

Mens toilet 1 urinal, one cubicle, sink and hand dryer

Fire Exit

Turnover

WE ARE INFORMED by the owner the turnover currently averages £8,000 p.w. with a gross profit of 65% approx. WET SALES ONLY

Staff

The business is at present operated by the Husband & Wife team with the assistance of 6 part time staff.

Trading Hours

3 Day week
THURSDAY 6pm - 12 midnight
FRIDAY 5pm - 1am
SATURDAY 4pm - 1am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 15 years in 2015 with reviews every 5 years (next review 2025) at a current rent of £25,000 p.a.

Business Rates from April 2022 £6,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2018 AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote