Welcoming Wine & Coffee Bar in East Sussex

Eastbourne, East Sussex
REF: S08230

Asking Price:
£69,950
Annual Turnover:
£80,000
Annual Net Profit:
TBC
REF: S08230
Photo of Welcoming Wine & Coffee Bar in East Sussex
Photo of Welcoming Wine & Coffee Bar in East Sussex
Photo of Welcoming Wine & Coffee Bar in East Sussex
Photo of Welcoming Wine & Coffee Bar in East Sussex

Overview

Tenure:
Leasehold
Established:
2018
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Equipment Included

This is a unique opportunity to acquire a successful, family-run bar, which serves a variety of delicious coffee, wine, and continental-style nibbles. The wine bar has an excellent location in a thriving East Sussex town, offering clients a welcoming and relaxed environment to enjoy their time in.

This business was first established in 2018 and has grown significantly over this time, whilst also gaining a loyal customer base and an excellent reputation in the local community. The company originally drew inspiration from time spent in wine bars, combining simplicity and quality, and providing great wine, cheese, and charcuterie.

They offer customers a diverse selection of wonderful wine, and their cheese and charcuterie sharing boards have all been carefully sourced and selected from top suppliers.

The business covers between 28 and 30, and the current owners have spent £50k refurbishing the bar to an incredibly high standard, which means there will be an instant return on investment for the new owner. The company has amassed many highly positive reviews online, which is a testament to the company’s excellent customer service and brilliant menu.

The wine bar has strong relationships in place with the suppliers of their quality produce, which could normally be difficult to attain for a new business. With huge potential for growth and equipment included, this business would be perfect as a family venture or as a partnership opportunity.

The business has an excellent location in Eastbourne, with on-site car parking and proximity to other local businesses. Most importantly, the business benefits from high passing footfall, which should provide the new owner with plenty of custom. The premises are rented for £15k per year and are exempt from business rates. The 10-year lease has 7 years remaining, with a break clause at year 5. The business also has a Bounce Bank Loan with the full amount remaining, so the new owner could choose to use this.

All equipment will transfer over with the sale, meaning the new owner can get to work straight away.

The current owners are happy to offer an initial transitional period, to ensure there is a smooth and efficient business handover.

This business would be perfect as either a family-run venture or as a partnership, which will enable the new owners to share the working hours.

There is huge potential for growth with this business, as there is a massive opportunity to invest in further publicity and advertising. Furthermore, as the world recovers from the pandemic, the bar should naturally attract more and more custom.

The business already has a brilliant, easy-to-use website and a popular presence across social media, with over 1,200 followers on Instagram, 950 followers on Facebook, and a following of 400 on Twitter. These platforms act as an excellent sales window for the business. It would be beneficial if the new owner continued to utilise and optimise these online channels.

Features

Online Presence

Location

Loading...
  • On-site car parking
  • High footfall
  • No local competition
  • Close to local businesses

Property

Annual Rent
£15,000
Annual Rates
TBC
Lease Term (Years)
10
Lease Expiry (Years)
TBC
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

Refine

Miles
£
£
£
£
Timed popup