Pub for saleMERSEYSIDE
Ref 7819 Leasehold
UNIQUE OPPORTUNITY TO ACQUIRE A PRIVATE 'FREE OF TIE' LEASEHOLD BAR WITHIN THE SOUGHT AFTER CENTRAL AREA OF ST HELENS, MERSEYSIDE
Excellent central position within the well-known Duke Street district of St Helens.
Stylish and modern Late Night Bar with bar designer seating and quality furnishings.
Good reputation and a bustling business in the heart of the area.
Opportunity for Coffee Shop in the daytime.
Ground Floor Bar for circa 100 people First Floor Bar area for circa 60 people.
Very beneficial 'free of tie' lease with 6 years remaining and a rent of £20,800 per annum.
Advised that the turnover for y/e 02/16 is approx. £288,000 (incl VAT) on a 100% wet trade plus £10,000 machine income.
A UNIQUE OPPORTUNITY TO ACQUIRE A BAR IN ONE OF THE MOST THRIVING LATE NIGHT VENUES IN ST HELENS
This wonderful 'free of tie' leasehold Bar with the potential for a daytime Café/Coffee Shop is situated on the main roundabout on Duke Street St Helens.
The Duke Street area is a thriving district made up of many independent traders including shops, bars and offices along with having a large student community.
Located midway between Liverpool and Manchester, St Helens is a thriving town within the Metropolitan Borough of St Helens population in excess of 170,000. The Roundabout Bar is close to the main shopping areas of Church St and Church Square.
This great bar is highly prominent on the Duke Street Roundabout built over 2 floors main bar to the ground floor and on the 1st floor is a pool table and additional seating area.
The Main Entrance has a very inviting feel and complements the business superbly.
The Lounge (circa 100) is an open plan bar area benefitting from a large bar area, designer seating and quality furnishings. Juke Box and Gaming Machine located in the main bar area, with open plan staircase to the first floor and washroom facilities.
Access to the Patio and smoking area is located from the main bar area.
First Floor Bar (circa 60) currently used as a games area with pool table and darts area with a small self-contained bar. The venue has a number of pool teams in local leagues.
The Pavement Licence area has not been fully exploited by the current owners.
The business is currently run under management with full staff and offers excellent potential for owner operators along with the opportunity to offer a Coffee Shop option in the day time.
Ladies and Gents W. C's.
Ground floor cellar accessed from behind the bar is a bottle storage area and basic cellar.
This business offers seating to the front and side of the premises together with a designated smoking
area and a small rear garden.
TRADING & LICENSING
We are advised that the business trades with the benefit of the premises licence (not seen) which permits the sale of alcohol during the hours of:
Sun - Wed 10am - Midnight
Thurs - Sat 10am - 1am
Sunday - Wednesday 10am - Midnight
Thursday - Saturday 10am - 1am
NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.
The business is offered for sale as a lease assignment with approximately 6 years remaining of this private 'free of tie' full repairing and insuring agreement. We are informed that the rent is currently £20800 per annum with no rent review.
We are advised that at the end of the term, the Lease (not seen by Guy Simmonds) should be renewable with no further premium - subject to the provision of the Landlord & Tenant Act 1954.
We are advised that the bar benefits from all mains services with mains gas supplying the gas central heating (no services seen or tested). Business rates are advised as currently being £5,500 payable per annum.
The property and business has been in the same hands for the past 4 years and is being offered to the marketplace due to the owner wanting to retire. The business is presented to a high standard and offers new operators a fantastic opportunity to acquire an established free of tie venue within St Helens central area
We are advised that the turnover for y/e 02/16 is approx. £288,000 (incl VAT) on a 100% wet trade basis. Plus, Machine income of £10,000
Accounting information will be made available to interested parties after viewing.
This business was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014.
Viewing appointments must be made by contacting Guy Simmonds
VIEWING: All appointments must be made through Guy Simmonds. Please note that these Sales Particulars are issued on the strict basis that all negotiations, viewings and contacts in connection with this business are conducted through Guy Simmonds who are appointed by the vendor to act under a Sole Selling Rights agreement with total confidentiality. Any breach of these terms may make you liable in law to litigation and damages. Under no circumstances must you approach the owner direct without a formal appointment or disclose to other customers and staff that the Premises are for sale.
FINANCE FOR PURCHASING A LICENSED PROPERTY: We are in constant touch with a leading finance broker who specialises in arranging Business Finance for Licensed Properties. Whether you are purchasing a Licensed Property through ourselves, or another agent, we will be pleased to contact on your behalf our specialist who can arrange the necessary Finance Package for you at preferential rates. Please telephone for free and no obligation advice with regards to financing a Business.
Guy Simmonds for themselves and for the vendors or lessors of this property and/or business whose agents they are give notice that:-
(I) These particulars are a general outline for the guidance of intending purchasers (or lessees) and do not constitute an offer or contract, nor any part of an offer or contract.
(II) All descriptions, dimensions, distances, maps/plans, references to condition, trading figures and other items in these particulars are given as a guide and no responsibility is assumed by Guy Simmonds for the accuracy of individual items. Intending purchasers (or lessees) should not rely on them as statements of representations of fact and should satisfy themselves as to the correctness of each item by making independent enquiries.
(III) Intending purchasers (or lessees) should make their own independent enquiries regarding the use of the property, necessary permissions for use and occupations, potential uses and any other matters affecting the property prior to purchase.
(IV) Guy Simmonds do not make or give whether in these particulars, during negotiations or otherwise, any representation or warranty in relation to this property. No responsibility is taken by Guy Simmonds for any error, omission or mis-statement in these particulars. Guy Simmonds do not warrant the accuracy of any accountancy information supplied and purchasers are advised to take independent advice in order to satisfy themselves.
(V) Guy Simmonds are unable to give any warranty as to the working order of any apparatus, equipment, fittings or services associated with the premises and therefore, cannot verify they are in full working order. Purchasers are strongly advised to obtain specialist reports prior to exchange of contracts in order to satisfy themselves.
(VI) All statements and descriptions are made without responsibility or warranty by Guy Simmonds, the vendors or lessees. Neither do Guy Simmonds nor the vendors/lessees hold ourselves responsible for any expenses whatsoever incurred by applicants inspecting Businesses which may be sold or withdrawn, to include travelling, valuation/survey, legal fees etc.
(VII) No person in the employment of Guy Simmonds has any authority to make or give any representation or warranty whatever in relation to this property.
(VIII) It should not be assumed that the contents of any photographs are included in the sale.
(IX) All prices quoted are excluding stock at valuation.
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Disclaimer - Property reference 7819. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Guy Simmonds Business Transfers Limited , National Licensed Property. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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