Leasehold Bar & Club For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this very successful bar and club, which has been in the careful ownership of our clients since 2002. It is only now being placed onto the market due to their growing business and family commitments. The business, which is run and managed by our clients with the assistance of staff, achieves a very healthy annual turnover of £420,000, derived from offering quality entertainment to a wide range of customers. Bullit offers an intimate lounge, bar and club experience playing the most up-to-date House music by resident and guest DJs sourced from the UK and Internationally. The venue is also available for private hire, has frequent comedy nights and also hosts live music nights. The business also benefits from having the latest licence in the town, until 3:00am, providing a captive market as no other similar style business will be granted a trading licence in the area. The property is extremely well presented and well equipped, which offers a new owner a pure turnkey business. We feel that this opportunity offers an excellent base to build upon and urge early viewing.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 10 years
Remaining length: 4 years
Review every: 3 years
Rent: £29,000 per annum

Living accommodation:

PROPERTY DETAILS Well presented single storey premises with lounge area, dance floor, and bar, briefly comprising: GROUND FLOOR Secure main entrance Walkway to main open plan club/bar area Lounge area with comfortable seating Open plan dancefloor area with 3 table stands DJ booth - fully equipped Fully fitted bar with 13 points of dispense, rear drinks displays, chillers, glass storage and preparation space Storage and drinks cellar Ladies, gents and disabled W/Cs Dining area Fitted commercial kitchen with wash facilities and storage Side cellar Air conditioned throughout Alarmed throughout

Location:

Bullit bar & club occupies a prime, highly visible location situated in the town centre of Tamworth in Staffordshire. The property is situated just off the main through road, next to a busy crossroads, and is easily visible to all who use the road. The business also benefits from having an excellent variety of neighbouring commercial properties, offices retailers and residential properties, which supply a constant amount of trade throughout the year. Tamworth is a highly desirable business and residential location due to its excellent central shopping facilities, fine housing, good schools and beautiful surrounding countryside. Tamworth is situated close to the M42 motorway making visiting and commuting very easy.

Other information

Trading hours:

Sun, Mon, Tue & Wed: Closed - available for private hire Thu: 7.00pm - 1.00am Fri & Sat: 7.00pm - 3.00am