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38 Advert ID 16718   Sellers Ref : 1712
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SUPERB CAFÉ BAR (FREE OF TIE) For Sale

Business Summary: * Location : South Yorkshire * Turnover : £ 3,846 p.w. * Leasehold Price : £ 120,000 Agent :  Meridian Business Sales

Description :	SUPERB CAFÉ BAR (FREE OF TIE) - BARNSLEY Town centre location, Barnsley, South Yorkshire Annual T/O £200,000 with high gross profit 2 bar operation with large roof garden Internal inspection a must Recent full refurbishment Scope for development Low rent £13,500 pa Ideal owner operator Under management LEASEHOLD Location This fantastic café bar occupies a two storey mid parade property in the heart of Barnsley town centre which is currently under going a period of massive change. The town lies on the river Dearne, 12 miles north of the city of Sheffield and 14.5 miles west of Doncaster. The town is home to a number of notable High Street retailers such as Marks & Spencers, WH Smiths, HMV, Carphone Warehouse, Next & Woolworths. The town also has a large concentration of pubs & bars in the central district. Outside the town centre lie numerous large retail units, retail parks & supermarkets. Business History Meridian Business Sales takes great delight in offering for sale this newly refurbished café bar estblished from new by our client in December 2007 and is now reluctantly being placed on the market due to other business interests. Prior to opening our client heavily invested in a full refurbishment and refit to the extent where it is in pristine walk in condition and ripe for development. The business is run under management with 6 part time bar staff which results in a weekly wage bill of approximately £500. Our client has advised us that turnover is £200,000 which is achieved on 4 nightly openings. Whilst turnover is at an acceptable level we are of the opinion that this business would flourish under the full time guidance of an owner operator prepared to invest in marketing and having the vision & energy to take this concern to its next level of success. Further benefit is derived from low overheads which includes a lock up rent of only £13,500 and the fact that the premises are free of tie which is reflected in gross profit margin of 55-58%. Viewing is highly recommended and internal inspection a must to fully appreciate the outstanding quality of this business.
Trading Hours :	Monday: Closed Tuesday: Closed Wednesday: 8:00pm - 11:00pm Thursday: Closed Friday: 8:00pm - 12:00am Saturday: 8:00pm - 12:00am Sunday: 8:00pm - 10:00pm
Accommodation :	A two storey mid parade property with roller shuttered frontage briefly comprising: GROUND FLOOR Bar 1 with tiled floor, spot light ceiling, air conditioning, modern raised bench style seating, curved bar servery behind which has 3x double door glass fronted chillers, wall mounted flat TV screen, electric till, 11x beer heads, disabled toilets FIRST FLOOR Bar 2 with timber boarded floor, modern bar servery with crystal drop lighting, 3x double door display chillers, electric till, 11x beer heads Main lounge area with 4 two seated leather sofas around perimeter, corner sofa unit Raised seating area with 5x two seated leather sofas, large flat screen TV, office purpose fitted, ladies & gents toilets, access out to large roof garden
Tenure :	Leasehold Original length: 25 years Remaining: 24 years Review: 5 years Rent: £13,500pa

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