Guernsey Multiple Bar Company For Sale St Peter Port, Guernsey, Channel Islands, United Kingdom Business description
Comprises:
1)A modern, stylish cocktail bar with a stunning interior, serving cocktails, a variety of other alcoholic drinks and a light food menu. The bar can hold 120 customers and regularly serves up to 2,500 clients a week, who consume around 2,000 cocktails.
2) Superb, separate brasserie taking around £8.5K per week.
3) Expanding and profitable mobile bar operation with many regular clients.
All the businesses attract a wealthy, varied clientèle from office workers in the prosperous nearby finance industry to affluent individuals resident on the Island. They enjoy an exceptional gross profit, still have much scope to grow their earnings and are available singly or as a group.
Trading hours: Monday to Saturday 4.00 pm to 12.45 am.
Property: Leasehold
Lease terms
The cocktail bar is the subject of a lease to June, 2017. The tenant is responsible for interior repair and decoration and to pay a fair proportion of the exterior decoration. The current rental is approximately £31,000 per annum and there are three yearly rent reviews, the next due in June, 2008.
The brasserie rent is currently £27,000 per annum.
Location
The retail businesses are based in St Peter Port, the capital and financial centre of the beautiful Channel Island of Guernsey. Situated two minutes walk from the town centre, in the heart of the financial community, the outlets are located on a busy esplanade that gives home to a variety of shops, offices and restaurants. There is plenty of parking nearby as well as the central bus terminus, and the outlets look on to Havelet Bay enjoying views of Castle Cornet and the islands of Herm and Sark.
Expansion potential
The new owner will be able to grow sales by extending the bar and brasserie's opening hours to encompass lunch times and Sundays. It could expand the bar's product portfolio to include a broader food menu.The mobile bar operation can develop much further satisfying a huge demand for private functions at public venues and in homes.
Competition / Market
It is the only cocktail bar on the Island. The brasserie has traded for nine months and is outstandingly successful. The economy of Guernsey is strong and prosperous, with a buoyant finance sector, full employment and income underpinning consumer demand.
Support & training
The vendor is willing to remain for a handover period of three months.
Reasons for selling
Our client is a young man who, having built the businesses from scratch, wishes now to travel for a year before starting another venture.
Financing available
Yes, subject to status through Barclays International Corporate Banking
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| | Financial details Asking price: £695,000
Sales revenue: £1m < 5m
Net profit: £250k < 500k
Furniture / Fixtures value: Undisclosed
Inventory / Stock value: Undisclosed Photos 
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