Leasehold Cocktail/Champagne Bar & Tapas Restaurant Located In Stafford

Stafford, ST16 2AJ
£375,000
Business ID:
#2610
£375,000
  • Ref: 2610
  • Type: Bar
  • Availability: For Sale
  • Veritas Categories: - Restaurants, Licensed, - Bar
  • Business ID: 2610
  • Commercial Tenure: Leasehold
  • Make Enquiry

Property Features

  • Swanky Leasehold Bar
  • Cocktail/Champagne Bar & Tapas Restaurant
  • Town Centre Location
  • Recent £350K refit
  • 80 Cover Restaurant
  • Free of Tie

Full Details

Leasehold Cocktail/Champagne Bar & Tapas Restaurant Located In Stafford
Free of Tie
Ref 2610

Location
A fantastic opportunity to acquire this swanky Cocktail & Champagne Bar which is located in the market town of Stafford. Situated within a prominent and highly visible trading position on Mill Street in the heart of the town centre. The town has an abundance of retail shops, bars and restaurants which bring high levels of footfall to the area. Stafford lies 15 miles north of Wolverhampton, 15 miles south of Stoke-on-Trent and 24 miles north-west of Birmingham.

Asking Price £375,000 plus SAV (£10,000)

Leasehold
Term: 6 years
Remaining: 5 years
Rent: £15,000 pa
Reviewed: 4 yearly
Business Rates: £15,000 pa

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Cocktail & Champagne Bar which is located in Stafford town centre. The premises were transformed by my client back in August 2020 and he is now offering the venue for sale due to other pressing business commitments.
Since ownership there has been no expense spared and a complete refurbishment has been undertaken in excess of £350,000 to include new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The Treehouse Cocktail & Champagne Bar is overseen by the owner but operated on a daily basis by a team of 3 full time & 6 part time members of staff and has an average weekly turnover of circa £10,000. Wet sales equate to approximately 80% of the turnover where they serve a classic range of artisan cocktails, spirits, liqueurs, shots, wines, beers, high end champagne and soft drinks. The remaining 20% derives from food sales where they serve a tapas style selection of small plates.
We believe that a new hands on owner operator can take this to another level by increasing the food offering and expanding on the current opening times. The business has already built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an extremely well fitted bar & music venue where all the hard work has been done. Early viewing is highly recommended as this is one not to be missed.

Opening Times
Monday – Thursday – 2:00pm – 10:00pm
Friday & Saturday – 12:00pm – 1:00am
Sunday – 12:00pm – 9:00am
Licensing hours
Sunday – Thursday – 12:00pm – 00:00am
Friday – Saturday – 12:00pm –2:00am

Ground Floor
Entrance door to hallway with stairs leading to first floor reception.

First Floor
Reception with desk and entrance door to main bar.
Main bar & restaurant comprising: serve over bar area with EPOS till system, ceiling & wall mounted glass display shelves, spirits displays, worktop with two 3 door undercounter drinks fridges, 2 x stainless steel sinks, coffee machine and glass washer (Class EQ). DJ area and split level area with tables & chairs to cover (80).
Ladies with two W/C’s, wash basin, mirror, wall mounted soap dispenser and wall mounter paper towel holder.
Gents W/C, two urinals, wash basin, mirror, wall mounted soap dispenser and wall mounter paper towel holder. Spirts stores with shelving.
Kitchen comprising: stainless steel sink, cabinet dishwasher, stainless steel table x 3, two 4 tier metal storage racks,3 x undercounter fridges, upright fridge, microwave, two dual deep fat fryers, 6 pot wet bain-marie, 6 burner range (Moorwood Vulcan), extraction canopy, three chest freezers, stainless steel wash basin, commercial ice maker (Scotsman), wall mounted soap dispenser and wall mounted paper towel holder.
Office with CCTV monitor and staff lockers.

External
Rear yard with bin area and staff parking for (3).

The premises benefits from a CCTV (6 camera system and a full music & PA system.
EPC Rating C