Pub/bar for sale in Houghton-Le-Spring, England, United Kingdom DH4
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Property description
Business
Please quote reference B07719
CoGoGo are delighted to welcome to the market tropi's bar ltd T/A Tropi's Bar, a newly established business opportunity in the town centre of Houghton Le Spring, Tyne and Wear.
The business was established by our clients in October 2023. Its built up an excellent reputation and regular customer base during its short time of trading.
Tropi's Bar has now come to the open market due to our clients desire to focus their time on other commitments.
This is a highly rated bar that also offers live music. The premises has a capacity of 100 and holds a late trading licence.
Key selling points -
- Outstanding reviews
- Repeat custom
- Huge Scope for expansion
- High footfall location
- Low overheads
- Rates Exempt
Scope for further growth -
- Push advertising and marketing
- Increase the opening hours
Location
Tropi's Bar is located on Newbottle Street, in the town centre of Houghton Le Spring.
The business has eye catching signage, receiving high levels of footfall and passing trade.
Premises
- Open plan service area with moden and bespoke lighting, fixtures and fittings.
- Bar area.
- To the rear of the premises are the WC's.
- Storage room.
Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a yearly rolling agreement. The rent is £700 per month.
Our client has advised that that the Landlord has confirmed that a new 5 year lease will be offered to a new buyer.
Hours
The current trading hours are -
Monday to Thursday - Closed
Friday to Saturday - 6:00pm - 2:30am
Sunday - Closed
Staff
We are advised that the business has 2 full-time and 1 part-time adhoc staff members.
Financial Profile
Further financials can be made available upon request.
For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.