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Maggie Mays Café Bar in Liverpool on Sale for £350,000 After 30 Years of Ownership

Liverpool, Merseyside
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PROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, Liverpool Photo 1
PROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, Liverpool Photo 2
PROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, Liverpool Photo 3
PROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, Liverpool Photo 4
PROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, Liverpool Photo 5
PROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, Liverpool Photo 6
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PROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, LiverpoolPROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, LiverpoolPROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, LiverpoolPROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, LiverpoolPROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, LiverpoolPROPERTY UNDER OFFER - Maggie Mays Café Bar, Bold Street, Liverpool
  • Status

    FOR SALE

  • Date Submitted:

    04/08/23

  • Advert ID

    517625

  • Reference

    Maggie Mays Café Bar / Rightbiz

  • Call Agent:

    Registered members »

  • Leasehold: £250,000
  • Rent: £44,000
  • Turnover: On request
  • Net Profit: On request

Key Features

  • Established Business
  • Attractive Business
  • New Lease
  • Town Centre location
  • Close to Local Amenities
  • Accounts Available
  • Prime Location

Business Details

PROPERTY UNDER OFFER Maggie Mays Café Bar, Bold Street, Liverpool

INTRODUCTION

Maggie Mays Café Bar has been under the same family ownership and trading successfully on Bold Street, Liverpool City Centre for over 30 years. The owners have now decided to retire and for this reason are selling the business.

LOCATION

Maggie Mays is perfectly located for trading being in a prominent position on Bold Street, Liverpool City Centre. Over the last five years Bold Street has become the most popular area in the city for eating out, its many bars and restaurants provide food and drink from all corners of the world. Bold Street location also has the trading advantage of a high level of footfall due to the many tourists, local shoppers and students who visit the area on a regular basis. See location map below.

PROPERTY DESCRIPTION

Ground Floor – Customer Capacity 80 Plus

The café bar’s main entrance is on Bold Street and leads into the dining area which is furnished with loose tables and chairs. The interior décor is well maintained with a high decorative standard and the floor is tiled throughout. There is a selection of local photographs and artwork displayed throughout the dining area which helps to create a warm family atmosphere.

There is also a customer entrance at the rear of the property on Wood Street.

Kitchen

The kitchen is well located for service and is well equipped with a full range of fixtures and fitments and meets all public health requirements and has been awarded by Liverpool City Council a 5 star merit award.

Bar Servery

The servery is equipped with back-bar refrigerated bottle beer and wine cabinets, a coffee machine and an EPOS till.

There is an accessible toilet located at the rear of the ground floor.

First Floor – Customer Capacity 20 Plus

This area is accessed via an internal staircase which leads up to ladies and gents’ toilet facilities. There is also a function room which is used for private parties and on occasions for the overspill from the ground floor. It is fully furnished with loose tables, and chairs and a small bar. The décor is of a very high standard.

FIXTURES AND FITTINGS

All fixtures and fittings are to be included in the sale.  Any items that are owned by a third party or personal to our clients will be exempt.

GENERAL

The business has the benefit of external seating on Bold Street for twelve covers, air conditioning throughout, internal and external CCTV, mains gas supply and WiFi.

PERMITTED HOURS

Monday to Saturday 10.00 a.m. until Midnight

Sunday 12 Midday until 11.030 p.m.

Premises License No:  LA051168j

Licensed Trade Associates has not examined any licence documentation and any future buyer must arrange with their solicitors to verify this information.

ENERGY PERFORMANCE CERTIFICATE

An Energy Performance Certificate is being prepared by our client and will be made available to prospective purchasers in due course.

TENURE

The business has the benefit of a new 15-year lease with 5-year rent reviews.  The present rent is £44k per annum increasing £4k each year until it reaches £60k when it will be reviewed. Business rates payable  2023/2024 £5308.00.

ACCOUNTS

There are 3-year audited accounts available to seriously interested parties following a formal accompanied viewing.

GUIDE PRICE

Price including all business fixtures and fittings and goodwill but excluding all stock £250,000

VIEWING AND CONFIDENTIALITY

All arrangements to view are strictly by appointment through Mr Bob Collins and no approaches whatsoever must be made to the owner or the business. For an appointment to view please telephone Bob Collins on 07721 329999.

AGENTS NOTES

Prospective purchasers should make their own enquiries as to the adequacy and present condition of all service installations and related equipment at the property, whether referred to in these particulars. Licensed Trade Associates for themselves, and the vendors or lessors of this property, whose agents they are give notice that - (1.) The particulars are set out as a general outline only, for guidance to intending purchasers or lessees, and do not constitute either in whole or part of an offer or contract. (2.) All descriptions, dimensions, references to condition and necessary permissions for use and occupation and other details are given without responsibility and intending Purchasers or Tenants should not rely on them as statements or representation of fact but must satisfy themselves by inspection or otherwise as to the correctness of same. (3.) No persons in the employment of Licensed Trade Associates has any authority to make or give any representation or warranty whatsoever in relation to this property.  All prices are quoted exclusive of VAT unless otherwise indicated.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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The data showed regarding this advert 'PROPERTY UNDER OFFER Maggie Mays Café Bar, Bold Street, Liverpool - Maggie Mays Café Bar / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.