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Busy Town Centre Trading Location
**Annual Accounts Year End 31 January 2018**
Annual Turnover £94,825 (Audited --.--.----)
Gross Profit £50,029 (Audited --.--.----)
£50 Per Week Commission From Slot Machine
Further Financial Information Upon Viewing
Currently Run by Owner & 1 Staff Member
Scope For Day Time Trade
Potential To Introduce Food
EPC - D
REF 6670 – Leasehold Bar
Blacks Brokers are pleased to bring to the market this leasehold bar located in the busy town centre of Crosby, Liverpool.
Tides Bar has been trading on Liverpool Road since 2012. Our client took ownership when the bar was trading under a different name and this was established in 1999. The bar is very well known in the local area and has a strong base of regular customers including many locals and visitors from the local rugby club. Our client has ensured the bar has a superb reputation and excellent reviews are noted on Google.
Positioned right in the centre of Crosby Village the business is close to a number of independent retailers as well as large multiples such as Sainsbury’s, Barclays Bank and Costa Coffee. The area is very busy with superb public transport links and parking within walking distance. Crosby Village is well linked by the M58 and A565 and it is to be noted that the area is under regeneration at present, with a number of new units under construction close by.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to our client’s other business interests and lack of time to dedicate to this popular, well established business, the bar is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is fifteen years and began in 2012 at a cost of £269 + VAT per week.
BUILDING LAYOUT AND DESIGN
Tides Bar operates from the ground floor of a spacious mid terraced property with pavement forecourt to the front. The business is very well branded with clear signage displayed above a fully glazed frontage. Inside, the bar is nicely presented with a range of seating available. There are two large wall mounted TVs and a popular fruit machine in place. The bar is positioned to the side of the space and is fitted with five pumps, display fridges and electronic till. To the rear is a storage area, barrel room and two toilets. There is plenty of space to install a kitchen in order to introduce food sales. All areas are furnished with good quality fixtures and fittings and CCTV is fitted throughout.
The business is currently operating with one member of staff in employment supporting our client working on a full time basis.
Tides Bar has traded well during since opening. We are advised that the business currently has annual turnover of £94,825 and gross profit of £50,029. The fruit machine commission is around £50 per week. Full financial details are available upon viewing.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupies a superb trading position in a busy area of Crosby Village. There is plenty of scope to develop the business further with the introduction of longer opening hours to include lunchtime and there is potential to install a kitchen and introduce food sales. A strong marketing drive could also be beneficial. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
MON - SUN: 14:00 - 23:00 (Licenced 11:00 - 00:00)
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