Renovated Sports Bar and Club with Kitchen in Biggleswade Bedfordshire for Sale
Biggleswade, Bedfordshire
- Status
FOR SALE
- Date Submitted:
17/12/23
- Advert ID
603994
- Leasehold: £95,000
- Rent: £36,000
- Turnover: £350,000 (£6,731 Per week)
- Net Profit: On request
Key Features
- Established Business
- Fully Fitted
- Attractive Business
- Potential for Alternative Use
- Offers Invited
- Close to Local Amenities
- Open Plan Trading Area
- Town Centre location
- Prime Location
Business Details
Lively Sports Bar and club with fully equipped kitchen in growing commuter town.
Lively Sports Bar and club with fully equipped kitchen in growing commuter town.
LANDLORD IS PREPARED TO ARRANGE A NEW LONGER TERM LEASE FOR THE BUYER
A bustling bar and nightclub in a rapidly growing town centre, recently renovated and now with added pool tables and two Large screens with live sports and in house sound system.
Set within a stunning Georgian building, tastefully decorated with Neon, artificial plants and trees, with a nod to the original structure itself. It has to be seen to be believed. Currently 36,000 per annum
Major direct rail links to London, Stevenage, Hitchin, Welwyn and Peterborough.
A fully operational kitchen is a big part of the business that could be used in the right hands, with a fully functioning and spacious area.
The venue hosts regular live music events, DJ's and shows all major sporting events. It also has the latest opening hours in the town until 2am. The venue has a 200 capacity, which could potentially be increased through the right channels.
I am looking to bow out and pass on what we've built to someone who can respect the building and continue to grow it.
Grab yourselves a rare, once in a lifetime opportunity with such a stunning building. The sky is the limit here.
Estimated turnover taking into account calculations based during covid and the cost of living crisis is set to be around 650,000 in a normal year, with growth to be expected as the town increases rapidly in size due to the completion of 1200 new houses to add to a population of around 25000.
Independent valuations have valued the business at 125,000-150,000
We would accept offers around the £95k mark if we can complete a relatively quick sale as we have been messed around by previous potential buyers and have ended up being here for much longer than we’d have hoped.
We are happy to discuss or negotiate with the right people.
Any sensible offers will be considered.
We would be willing to agree on a handover period to make a comfortable transition, or provide training to anyone new to the industry as part of any deal.
This is a fully ready, staffed, functioning, operational and ready to go business.
Current Lease until 30/04/30 - Landlord is happy to negotiate a new longer term for any buyer of Stairway.
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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.
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