Leasehold Bar For Sale

Business description

Bag a Business Ltd is delighted to offer for sale The Loft, a quality bar in Hinckley, Leicestershire. The business has been in the hands of our client since 2007 and is only now being placed on the market due to his wish to retire to France. The loft is currently trading as a stand alone bar, opening mainly for the evening trade, offering a new owner immmense potential to increase the turnover further through the introduction of daytime coffee, sandwiches and snacks. Currently The Loft, which is run and managed by our client with the assistance of staff, is expecting to achieve an annual turnover in the region of £110,000 with a gross profit of 65%, derived from selling a range of beers wines and spirits. The bar has no brewery ties so good profit margins are achieved. The Loft caters for a wide range of clientele from all age groups. We feel that this is an excellent base for a new owner to build upon and urge early veiwing to appreciate the potential of this business

Property information

Property:

Leasehold

Lease terms:

Leasehold
New 3 year lease available
Rent: £6,000 per annum

Living accommodation:

PROPERTY DETAILS Two storey, brick built premises, briefly comprising: GROUND FLOOR Open plan room with picture windows to the courtyard Storage room and ground floor cellar Tables and chairs plus fixed window seating Fully carpeted throughout Halogen lighting FIRST FLOOR Open plan area Ladies and gents W/Cs Fully equipped bar Back display bar Two glass fronted chillers 3 points of dispense Shelving for glass storage Tables and stools Leather sofas Carpeted throughout Beamed ceiling with halogen lighting EXTERNAL Courtyard with patio furniture

Location:

The Loft is situated on Regent Court in the busy and thriving town of Hinckley in Leicestershire. The property has a courtyard location, just off Regent Street, the town's main street, and has excellent passing trade. The business benefits from being surrounded by an excellent variety of good quality retailers and other commercial businesses, which attract shoppers and evening trade to the area. Hinckley has grown to be a popular residential area with good schools and hospitals. The town is served by two main routes the A5 and the M69 motorway.

Other information

Trading hours:

Mon - Sat: 6.00pm - 11.00pm Sun: 6.00pm - 10.30pm