Popular Restaurant/Bar in Rhyl

Rhyll, Clwyd
REF: 04187

Asking Price:
£89,950
Annual Turnover:
£94,128
Annual Net Profit:
TBC
Reduced
REF: 04187
Photo of Popular Restaurant/Bar in Rhyl
Photo of Popular Restaurant/Bar in Rhyl
Photo of Popular Restaurant/Bar in Rhyl
Photo of Popular Restaurant/Bar in Rhyl

Overview

Tenure:
Leasehold
Established:
2013
  • Excellent Reputation
  • Spacious Premises
  • Huge growth potential

A fantastic opportunity has arisen for a new buyer to acquire a popular restaurant/bar in Rhyl, Wales.

Operating from large town centre premises, the business enjoys high levels of footfall and passing trade year-round. The venue caters for day time customers with food, including breakfast and carvery selections, along with a favoured nightclub aspect, live sports TV and function room hire.

With numerous 5-star reviews online and excellent testimonials, this is a popular business at the heart of a thriving town.

The business acts as a contemporary bar, restaurant & club in the popular seaside town of Rhyl, North Wales. Operating from a prominent central position in the heart of the town centre, the business offers a wide range of recreational uses, including serving food, regular screenings of live sport, a popular nightclub and function room hire. The venue enjoys numerous 5-star online reviews and favourable testimonials, confirming its status as a popular business in a thriving town.
The businesses is easily recognisable due to its excellent position, dominating an entire corner building through a multitude of large glass windows and clear modern signage. The interior décor has benefited from a high standard of renovation and provides a stylish ambiance. The floor space is large and open plan, with three separate bar areas, including a function room, nightclub and commercial kitchen. Parking is available to the rear of the building.

Established in 2013, the business has demonstrated year on year growth and now achieves an annual turnover of £220,000. With an excellent reputation and large customer base, the venue continues to thrive. However, there are a number of ways that a new buyer can look to increase turnover in the future. The large and flexible space inside the premises can be used in a variety of other ways allowing a new buyer to diversify beyond the current usage. The introduction of specific club nights, day time functions and commercial hire are all proven ways to increase profitability in the future.
With a solid customer base and excellent premises, this is a unique opportunity for an entrepreneur with industry experience to build on the solid foundations already in place and take profits to the next level.

Features

Online Presence

Location

  • City Centre Location
  • High Street Location
  • High Footfall
  • Good Transport Links

Property

Annual Rent
£13,700
Annual Rates
TBC
Lease Term (Years)
TBC
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
D 76-100

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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