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Bar / Nightclub for sale

John Street, Merthyr Tydfil, South Glamorgan, Merthyr Tydfil (County of), CF47

624 sq. m. | £44,995

Property Description

Commercial information

  • Business for sale
  • 6,716 sq ft (624 sq m)

Key features

  • REF: 2269
  • LEASEHOLD
  • SNOOKER CLUB
  • BAR
  • INVESTMENT OPPORTUNITY

Full description

Tenure: Leasehold

BUSINESS
Hilton Smythe is delighted to welcome to the market this business opportunity in the busy town of Merthyr Tydfil in Mid Glamorgan. The fully licensed ground floor premises are currently being used as a busy snooker hall and bar business, which is open 7 days per week and generates a good income. Our client would like to move the snooker hall to the first floor, leaving the bar area to the ground floor.

A new owner could then convert the ground floor into a complimentary business such as extending the bar to use as a club, refit as a restaurant or even a function room. The snooker club has built up a good reputation within the area and benefits from a very loyal clientele, therefore offering any new business excellent footfall. Along with the bar there is a very large open plan room with wood effect flooring.

This is an excellent opportunity for a new owner to take this town centre property and create an exciting new business; therefore early viewing must come highly recommended.


LOCATION
This business opportunity occupies substantial ground floor premises, ideally located within Merthyr Tydfil town centre in Mid Glamorgan. Due to the position of the property any business would benefit from a vast amount of footfall and passing trade. All the towns' amenities are within close proximity and the property is surrounded by a wealth of complimentary shops and businesses.

Merthyr Tydfil is a popular town in which to live and work with a residential population of approximately 59,500. Once the largest town in Wales, it is now the 14th largest urban area in Wales. The town is in the South Wales Valleys, just south of the Brecon Beacons National Park, which gives the town huge potential for tourism.

The area of the property is well-served by the public transport system, with several bus stops within easy walking distance of the property. Merthyr Tydfil railway station is less than 5 minutes` walk away. The area is also well served by the A-roads, with the A470 being within easy driving distance, which links to the vast A-road and motorway networks. Swansea is approximately 30 miles away and Cardiff is 23 miles away.

PREMISES

Ground floor premises, currently comprising:

Open plan bar/lounge area
Wood effect flooring.
Electronic games machines.
Wooden bar servery with 6 points of dispense, electronic cash register, optics display and bottle chiller units.
Perimeter seating to suit trade.
Kitchen with oven, hob and sink unit.
Office.
Ladies and gents WCs.
Cellar.
Store room.
Large open plan room with wood effect flooring (currently housing pool tables, which will be re-located to the first floor).

First Floor:

Large pool/snooker hall

TENURE
We are advised Leasehold:

New lease to be negotiated.
Rent: circa 1,000 per month.

HOURS
The snooker hall is currently open:

Monday - Thursday: 3.00pm - 10.00pm
Friday: 12.00pm - 12.00am
Saturday - Sunday: 11.00am - 11.00pm

FINANCIAL PROFILE
We are advised the bar generates a turnover in the region of 78,000 per annum, with a gross profit of approximately 65%.


Map & Street View

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