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Highly Profitable Brand Strong Cocktail Bar & Brasserie For Lease

Hastings, East Sussex, UK
Asking Price:
£150,000
Sales Revenue:
£500K - £1M
Cash Flow:
£50K - £100K

• T/O in excess of £650K
• Established 20 years and highly respected in the local community
• Highly trained & professional management team
• True chameleon venue catering for an eclectic clientele and varying local daytime/late night markets
• No brewery ties
• 2000sq ft, 80 covers inside, 48 covers outside, plus private dining area (function space)
• Large south facing outside seating area, just off the seafront in a pedestrianized street.
• Strong social networking presence
• Long and flexible licensing hours (10am-3am)
• Scope for further profits by increasing operating hours and using economies of scale/group integration
• Large busy business community in town centre location
• On main route to 2 multi million pound new leisure developments (Hastings pier and worlds largest subterranean skate park)
• Gourmet food delivery business averaging 70 drops per week
• Well known for mixology, contemporary modern food offering and craft beers, being locally unique/pioneering in those areas
• Capable of expansion, easy replication and integration to other brands
• Tenant friendly local landlord with tenants right of renewal (currently £41K P.A.)
• Rateable value only £12K

If interested, please contact the seller through the form on this page.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Lease Terms:

10 year lease with full renewal rights.

Leasehold Rent:

£41,000 per annum

Location:

Hastings town centre, just off the seafront in a pedestrianized street

Size in square feet:
2000 (ground floor)
Planning Consent:

A4 Pubs & Bars

Business Operation

Expansion Potential:

Later weekend opening hours. Early breakfast/coffee market. Outside catering.

Reasons for selling:

Retirement

Trading hours:

Sunday - Thursday 11am - 11pm
Friday 11am-1am
Saturday 11am - 2am

Employees:
20
Years established:
20

Other Information

Support & training:

1 month

Inventory / Stock value:
£2,500
Website:
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Contact Information

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