Wine Bar & Restaurant in Lincolnshire For Sale

Situated in a superb excellent trading position in the centre of the popular and thriving Georgian market town

Price £80,000

Features

Most Attractive Wine & Champagne Bar with Small Plates Food Menu *special Opportunity ~ Priced Reduced From £120,000 To £80,000 For Immediate Sale *

Rare opportunity to acquire a Wine & Champagne Bar providing a high quality offering in a superb central trading location.

The venue is very stylish having opened in 2018 following an extensive refurbishment programme featuring premium fixtures and fittings, including Tom Dixon lighting, high quality furnishings along with the installation of an extensive equipment schedule.

The venue has built an enviable reputation (rated 5* on Google) for a high quality but informal establishment that provides an excellent selection of Wines, Champagnes, Cocktails accompanied with a small plates bar food menu.

Fully operational licensed premises and business of this quality rarely become available in this stunning and thriving location.

A full On and Off licensed premises for 7 days 8 a.m. - 11 p.m.

Most attractive venue with period features enhanced by the substantial & quaility fit-out to provide a capacity for 28 persons at ground floor level and another 16+ downstairs.

The premises is accessed by a few steps from the pavement, leading to the main bar & restaurant area. The mainbar servery is fully equipped for all types of trade and includes a state of art Enomatic Wine Dispensing Machine, Wine Preservation Equipment and a WMF Espresso machine all in excellent order.

A catering kitchen, fully functional and in excellent order with a range of commercial equipment practical for the food offering and is suitable for a range of menus/cuisines to suit the incoming operator. The venue was re-awarded 5* Food Hygiene Certification.

Ladies' and gentlemen's w.c's and stairs leading to the basement bar/venue room for up to 16 guests (currently used as Wine Shop Storage) with additional storeroom. The property fully alarmed and benefits from a full 31-day recordable CCTV system with remote access.

The venue also benefits from Air Conditional to the Main Bar & Restaurant seating area.

Turnover

WE ARE INFORMED the business trades profitably on limited hours. Full details will be disclosed upon inspection.

Staff

The venue is operated by the 2 proprietors and casual part time staff as required.

Trading Hours

Limited opening hours 3 evenings per week due to the owner's other business interest.
Thursday 6 p.m. - 11 p.m.
Friday 5 p.m. - 11 p.m.
Saturday 3 p.m. - 11 p.m.

Outside

Rear Car Parking Spot for 1 car allocated by the landlord. Although not part of the lease, the parking is allocated by the landlord on an ongoing basis.

Tenure

The premises are held on a secure transferable and renewable lease with the present lease due for renewal in July 2024. The current rental is £17,500 p.a. exclusive of rates, fixed for the remainder of the term. The Landlord is happy to consider issuing a new lease immediately for the income operator subject to the usual legal process.

Uniform Business Rates: £1,800 p.a. (Please contract local authority to confirm).

Price

TO INCLUDE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES AND FITTINGS OFFERES INVITED IN EXCESS OF £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote