FOR SALE
08/08/23
517821
BPD231093 / Rightbiz
· Prime Location, Hart Street, in Henley town centre, near River Thames
· Independent 10 tap bar, no tie to national brewery
· Large premises, seating available in basement, ground floor & beer garden
· Fully refurbished, new kitchen, with modern equipment & furnishings
· Strong opportunity for future growth
Are you interested in owning a unique and bespoke independent tap and cocktail bar in the heart of Henley-on-Thames? Stable Thirty Four is the perfect opportunity for you.
Nestled in the heart of the affluent town of Henley, this independent tap and cocktail bar is a welcoming venue that promises a unique and bespoke experience for all visitors. Stable Thirty-Four is known for its offering of carefully selected range of rotating cask and craft beers, ciders, cocktails, spirits, and wine that set it apart.
It is open all year round, friendly café and bar venue during the day, a cosy cocktail bar atmosphere at night, with a bustling beer garden during the summer months. The bar area leads to a larger function room in the back, with stairs going down to a separate basement room, paying homage to the area's horse racing heritage.
These rooms are perfect for accommodating events, including live music, DJ sets, food pop-ups, and screening popular sport events e.g., rugby. The beer garden is a must-visit spot, with plenty of seating providing an excellent atmosphere. Food is served from the newly installed Kauna hut kitchen and this space also allows BBQ functions to be held.
At night, the cosy bar comes alive with an extensive cocktail menu that is regularly updated to keep things fresh and exciting. It is open to 11pm most days and has a licence to extend opening hours to 12am on Friday and Saturday.
In August 2021, the current owners invested approximately £70k on installing brand new equipment: 10 tap bars, chairs, bar stools, lighting, decorations, air conditioning, CCTV, EPOS, wine fridges, new python beer cooler used with a multi tap beer system and the garden has been fully refurbished to include new lighting, decking, tables and chairs. Kitchen equipment includes a new fitted Kauna hut kitchen with Fridge. Significant additional refurbishment work has been carried out to include new electrical systems, fire alarm, drainage, and plumbing systems.
The start date on the lease of this property was September 2021, with 6 years remaining and the next rent review is in 2025. The rent is £2,700 per month and business rates are £700 per month. Sales are circa £3k/£4k per week and this business has huge potential to deliver further growth as the current owners have other business interests and have not had the time to further optimise the revenue growth opportunities.
Opportunities exist to increase revenues further: attract new customers during the day by pushing the café offering that has just been launched, offer an extended menu from its newly installed kitchen, extend opening hours during the week, and proactively advertise to promote this bar as a small intimate live music venue. There is also an opportunity to further leverage the excellent location, with its high footfall, to attract more customers, particularly during the Henley regatta week, as it is an ideal location near the River Thames.
The current owners are looking to sell this business to pursue other business interests so, if you're interested in owning a unique and versatile independent tap bar in the heart of Henley-on Thames, contact us today to schedule a viewing.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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