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SUPERBLY APPOINTED AND FULLY REFURBISHED FREEHOLD - UNIQUE OCTAGON SHAPED BUILDING WITH CAR PARKING - LIVE MUSIC AND FUNCTION VENUE ALONG WITH BAR/CAFÉ LOCATED WITHIN THE VILLAGE OF SANDBEDS, CLOSE TO KEIGHLEY, WEST YORKSHIRE

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  • Highly populated area situated between Keighley and Bradford on the main road through Sandbeds.
  • Stylish Front Café Bar (capacity 175) with vinyl (imitation wood) floors, bar servery and plasma screens with SKY and BT Sports.
  • Stunning Function Venue (capacity 450) with stage, dance floor, superb laser lighting and music systems. The venue offers a bar servery area, large balcony area and a mix of carpeted and vinyl flooring.
  • Car Park for 50 plus vehicles.
  • Possible Development Opportunities (STPP).
  • Advised turnover circa £368,654 (incl.VAT) for year end 10/16 based on a 100% wet trade basis with huge scope to introduce catering without an increase in overheads. Valuable forward bookings throughout 2017.
UNIQUE AND SUPERBLY EQUIPPED FUNCTION VENUE, IDEAL FOR WEDDINGS, LARGE FUNCTIONS AND LIVE MUSIC EVENTS

ASKING PRICE £599,000 FREEHOLD TO INCLUDE FIXTURES & FITTINGS, GOODWILL, EXCLUDING S.A.V. VALUBLE FORWARD BOOKINGS THROUGHOUT 2017

Location

The superbly presented and unique business is located on A650 Bradford Road, Sandbeds, Keighley, West Yorkshire BD20 5LY.

The property is conveniently set back from A650 Bradford Road, a sought after location close to the affluent surrounding villages of Riddlesden, East Morton, Eldwick, Gilstead, Baildon, Harden, Cottingley and Crossflatts, the latter has planning permission for 480 new homes.

The business equally attracts custom from nearby towns, Bingley, Shipley, Haworth, Silsden and Skipton and the city centres of Leeds and Bradford.

This is a highly populated area and this successful business is located in the heart of the area offering easy access to thousands of customers.

THE PROPERTY

The property is set on extensive grounds and benefits from a Car Park for 50 cars that could easily be extended to approx. 84 spaces.

To the rear of the business is a Courtyard Area with Smoking Solution that again could be extended to offer further outside trading space.

To the side of the business is a Portakabin offering office space.

To the front of the property is a Terrace Area with seating for 20-30 customers.

TRADING HOURS

We are advised that the business trades with the benefit of the Premises Licence (not seen) which permits the sale of alcohol during the hours of:

7 days per week 11am - 1am

Current opening hours are:

Monday Closed

Tues - Thurs 4pm - 11pm

Fri - Sat 4pm - 1am

Sun 12noon - 11pm

NB. Important. Prospective purchasers wishing to continue to operate the public house should ensure that they gain the APLH Qualification in readiness for their intended operation of the Public House.

GENERAL REMARKS

The property and business is being offered for sale freehold (although we have not had sight of the title deeds). All mains services are connected with gas central heating (no services tested). Business rates payable are advised as being circa £14,000 per annum, we are advised the current government re-valuation indicates a reduction.

THE BUSINESS

The current owner purchased the business in 2012 as a closed Electronics Factory and proceeded to completely regenerate the property into a superbly equipped and presented Café Bar and Function Venue that offers a unique facility in the area. Our vendor has built the business from zero and the venue continues to go from strength to strength increasing turnover year on year and yet still offers huge potential to increase trade with the introduction of food sales and further marketing.

We are advised turnover for year ending 10/16 was £368,654 (incl. vat) on a 100% wet sales basis.

The fully qualified general manager is happy to work with the new owner (s) if they so wish.

Accounting information will be made available to interested parties after viewing.

The property was viewed by Marc Blackford who would be delighted to discuss further details and can be contacted on 07812 753014

Viewing appointments must be made via Guy Simmonds on 01332 865112.

ADDITIONAL IMAGES

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