Cocktail and Wine Bar in Essex

Summary:

- Rental Property

- Huge Potential

- Prime Location

- Heavy Footfall Area

- Unique Opportunity

- All Fixtures and Fittings Included

- Proof of Funds Required

Business Description

Silk Letting Ltd are proud to present to the market a unique opportunity to own this much sort after-cocktail bar located within a good catchment area in Essex. The business is located within a Grade II listed building providing lots of charm and character with its quirky interior and comfortable surroundings creating a relaxed and friendly ambience, perfect surroundings for pre-dinner drinks, live entertainment, and bottomless brunch.

Serving a selection of:

Nibbles

Gin

Wine

Beer

Spirits

Cocktails

The business is located over 1 floor with between 30 – 42 covers and also benefits from a seating area at the front of the property that can accommodate an additional 12 covers. This popular bar has gained a reputation for its friendly service, great music, superb cocktails and atmosphere earning them many 5-star reviews across multiple platforms.

The bar is ideally located on a busy high street in a popular sought-after Essex town that is well populated and has the advantage of a large wealthy catchment area ensuring solid year-round trading, the business is surrounded by other bars, restaurants and businesses.

All assets, fittings and stock are included meaning any new owner could take over and continue trading.

Location and Amenities:

The bar is in a prime location on a busy B Road in Essex surrounded by offices, pubs, restaurants and supermarkets.

The business benefits from a heavy footfall area being located in a populated and wealthy catchment area.

Growth Potential:

This is the perfect opportunity for any new owner looking to purchase a well-established business with the potential for further growth.

This already successful business could increase revenue by extending the days and hours opened and extending the menu to increase revenue and net profit. Offers and discounts throughout the week at quieter times.

The business doesn’t currently have a website any new owner could embark on a modest marketing campaign to include a website that allows customers to book online and include incentives/competitions for customers on Facebook and Instagram accounts to boost social medial following and reach a larger market.

Financial Profile:

Tenure: Lease – Rents property only – 9 years remaining on current lease.

The business benefits from a small business rates relief and is exempt from paying any business rates.

Turnover is available upon request.

Property:

The business is located over 1 floor and is located within a grade II listed attractive premises with a wide and attractive frontage with a central door under a lit fascia. The quirky interior seats between 30 – 42 covers in extremely comfortable surroundings, the interior is styled with wooden flooring, brick effect/painted walls, ambient lighting and many pieces of re-cycled items of furniture creating a relaxed atmosphere. The bar area is fully fitted with display shelving, the kitchen is fully equipped with stainless steel work surfaces. The rear of the property is a compact yard that is used for storage.

Fixtures and Fittings:

All fixtures, fittings and stock are included in the sale making it fully equipped and ready for any new owner to take over and continue trading.

A full list of assets is available upon request.

This business has gained ample traction during its first few days on the market, and we anticipate the great interest to continue. Such an exciting business opportunity is not to be missed and we do not anticipate this business being on the market for long.

Would you love to be running an already successful business and call it your own? This is a business to get excited about and it is a rare opportunity in the market to become your own boss and carry out your passion daily.

Staff:

The business currently operates with 5 staff members, 3 of which would be happy to continue employment under new ownership.

This is an exciting turn-key opportunity for any new owner looking to purchase an already existing business with the potential for further growth.

The business is currently open:

Wednesday – Saturday – 3 pm – 11 pm

Sunday – open if there is a private party

Monday – Tuesday – Closed

Reason for Sale:

The current owner is selling the business due to other commitments, creating the perfect opportunity for any new owner to take over a well-established business and take it to the next level.

A viewing of this business is highly recommended to appreciate its true value and the potential it has for a new owner.

VIEWING STRICTLY BY APPOINTMENT!

If you are interested, please contact us to discuss any sales enquiries or to arrange a viewing on 0161 507 9791.