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8955DE DERBY LEASEHOLD: £90,000 CITY CENTRE BAR

Asking Price: GBP 90000
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Business Location: United Kingdom » Derbyshire » DERBY 
Category: Leisure » Bars & Nightclubs
Description:
Advent Business Sales are pleased to offer to
the market this extremely well established
city centre bar, which has been trading
successfully for the past five years.
The current vendor originated the business in
2003 but is now reluctantly selling due to
other business interests.
The bar runs on continental lines, being very
much a coffee/tea/chocolate café during the
day, selling a select range of food as well as
alcohol, with tables, chairs and umbrellas
outside on its paved area, to a full blown bar
venue in the evenings with differing types of
music in its three separate rooms.
The bar upstairs to the front of the building
can be let out for private functions, as
indeed can the whole building if numbers of
guests require it.
The music system, which is integral hard
drive digital, through warfdale speakers, can
be linked into a DJ for private functions if
required.
Décor varies between the three bar areas,
giving the business three distinct faces.
The business has its own web site and is also
on the local cities web site, where it has been
awarded a prestigious 5 star rating.
Two full time and 6 part time employees
staff the business.
We are advised that stock at cost is
approximately £2,500 - £3,000.
The bar has full CCTV and fire and intruder
alarms.
REF: 8955DE
 
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Financial Information:  
Annual gross sales: (GBP) 184000
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2003
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
Number of Employees: Two full time and 6 part time employees
No of trading hours: Mon: 11am – 11pm Tues: 11am – 6pm Wed – Thurs: 11am – 11pm Fri-Sat: 11am – 1am
Reasons for selling:
Fri-Sat: 11am – 1am
Market competition and expansion:
There is further potential to increase the business, this could include: 1. Increase private functions 2. Open Tuesday evenings and Sunday’s 3. More promotions for students 4. Convert the store room into cold buffet prep room then offer buffets to customers in local financial quarter
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