Fully Refurbished Bar & Grill in the West Midlands

Brierley Hill, West Midlands
REF: INT1803

Asking Price:
£99,950
Annual Turnover:
£104,000
Annual Net Profit:
TBC
REF: INT1803
Photo of Fully Refurbished Bar & Grill in the West Midlands
Photo of Fully Refurbished Bar & Grill in the West Midlands
Photo of Fully Refurbished Bar & Grill in the West Midlands
Photo of Fully Refurbished Bar & Grill in the West Midlands

Overview

Tenure:
Leasehold
Established:
2019
  • Excellent Reputation
  • Friendly & Professional Team
  • Huge Growth Potential
  • Recently Refurbished
  • Well Equipped Business

We are delighted to welcome to the market this fantastic opportunity to acquire a successful bar and grill in the West Midlands, which was fully refurbished to an incredibly high standard in 2020 and has both inside and outside seating.

The business was first established in 2019 and has operated successfully since its creation, whilst also building up a loyal, repeat customer base and gaining a brilliant reputation for their delicious food and excellent music.

This multi-faceted bar and entertainment venue serves great food and drinks and is well-known for their tasty cocktails. Furthermore, they also host a great line-up of DJs on the weekends and the venue has quickly become popular for live music events.

They aim to provide a brilliant atmosphere for customers to enjoy a fun night outside of the main city. The friendly, professional team comprises 8 employees, who all have fantastic customer relationships.

Currently, the turnover comprises 60% wet trade and 40% dry trade. The bar is open from Friday to Sunday, so there is huge scope to extend opening hours. This well-equipped business would be perfect for an owner-operator, with experience working for licensed premises.

The business has an ideal location on the high street in Brierly Hill, just five minutes from the waterfront. Due to the bar’s excellent reviews, customers travel from elsewhere in Birmingham to visit the successful venue, as well as attracting a large volume of regulars from the local community.

The business is based across one level, apart from a cellar, which is used to store drinks. The main part of the property is open plan with seating located around the sides, which can cater to 60 customers. You can then follow a hallway to an outside area, which has 20 tables, each seating 6. Therefore, in total the outside area can cover 120. This entire external space is carpeted with Astroturf. Furthermore, there is also a side entrance to a smoking area. Inside the premises, there is a kitchen, toilet facilities, an office, and access to the cellars. The whole property has been recently refurbished to an incredibly high standard.

The new owner is happy to offer a transitional period.

This would be the ideal opportunity for an owner-operator, who has experience managing licensed premises.

There is huge potential for growth with this business, as there is a massive opportunity to open for extra days, which would be a great way to increase levels of trade.

The business currently has many different aspects, serving food, running a bar, and operating as a nightclub and a live music venue, as well as providing outside seating. Therefore, there is huge scope for the new owner to make the most of this brilliant, multi-faceted venue and further explore some of these areas.

The business already has an excellent, easy-to-use website and a popular following on social media, with Facebook and Instagram pages. These platforms act as an excellent sales window for the business. It would be hugely beneficial if the new owner continued to utilise and optimise these online channels.

Features

Key Information

  • Number of Covers: 60
  • External Seating: Yes
  • Hygiene Rating: 4
  • Wet / Dry split: 40
  • Free of Ties (Tied to Brewery): Yes

Reputation

  • Google: 4.4
  • TripAdvisor: Excellent

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Website: www.bootonsbar.co.uk/

Location

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  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Good Transport Links

Property

Annual Rent
£15,000
Annual Rates
TBC
Lease Term (Years)
5
Lease Expiry (Year)
2024
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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