Freehold Cafe Bar Private Members Club For Sale

Business description

Bag a Business Ltd is delighted to offer for sale Stones Cafe Bar. Established by our client in 2005 from what was originally a church. Stones Cafe Bar currently operates as a traditional fashion bar on the ground floor, with 100% wet sales and licensed for 200. Our client has planning permission and is in the process of creating a private members club on the first floor, which is licensed for 500-600 and would be the top venue in the area outside Cardiff. The planning allows for a bar area, separate dance floor with balcony above, a VIP conservatory overlooking Hannah Street, a disabled lift and floating DJ area. There is also further potential to create a 5 bedroom penthouse in the roof subject to planning. Stones have an excellent level of trade with turnover currently £220,000 per annum and a gross profit of 50%. There is scope to introduce food sales particularly with the members club. It is fitted out to a high standard with all new equipment in 2005, including bar fittings and furniture. This is a wonderful opportunity to acquire a substantial freehold, town centre site with a successful and growing business that has immense scope for growth and we highly recommend an early viewing.

Property information

Property:

Freehold

Lease terms:

Freehold

Living accommodation:

PROPERTY DETAILS A 2 storey former chapel, occupying a substantial corner plot, briefly comprising: GROUND FLOOR Front retail area currently used as a florist, plans to incorporate into main building. Front bar entrance and lobby area, leading to main bar refitted in 2005 with all new equipment including air conditioning units, bar with 12 points of dispense, 2 bottle fridges, wine cooler, 3 touch screens cash registers, glasswasher, 2 wide screen televisions and entertainment centre. Comfortable seating area with 2 sofas and 3 televisions. Raised area with pool table , 5 leather sofas, 2 large screen televisions and dart board. Ladies, gents and disabled toilets. Kitchen area with dishwasher, sink, range of cupboards, various fridgefreezers, preparation and storage area. Cellar with bottle store and spirit store. Side staircase and storage cupboard. FIRST FLOOR Office area. Bar area, in the process of being constructed with framework and wiring. Ladies and gents toilets. Stairs down to main dancefloor area, currently under construction. Planning for balconies to 3 sides, lift and conservatory onto the existing flat roof. EXTERNAL Flat roof to first floor on front elevation with planning permission for a conservatory.

Location:

Stones Cafe Bar occupies a highly visible position in the town centre of Porth in the Rhondda Valley. Hannah Street is the main shopping area within Porth and Stones sits directly in the middle, with ample parking all around. Porth is a densely populated town on the A4058 just 3 miles north west of Pontypridd. The area is rapidly growing with many new developments, as transport links are excellent with its own railway station and the main A470 just 4 miles away. This is an ideal commuter area to Cardiff, Newport and Bristol and is proving very popular due to its stunning scenery. The Brecon Beacons are within easy reach with the A465 just 7 miles away at Merthyr Tydfill.