FOR SALE

By Private Treaty Free From Tie Leasehold Interest::

'THE PLACE'
38/40 Victoria Street
Liverpool

Occupying a prime City centre position this two storey, fully licensed and air conditioned premises offers a tremendous business opportunity. The venue was created some 9 months ago and is finished to the highest of standards and specifications which is reflected in the already achieved high levels of trade and profit margins attained. In addition the ground floor lounge which caters nicely for the lunchtime trade a second lounge at first floor level provides a good trading space for the busy evening and night time level of business. A further bonus is afforded by the stylish ’V. I. P. Lounge’ with its leather finished Chesterfield style sofas and contrasting relaxing ambiance.
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  ACCOMMODATION
Ground Floor

ACCOMMODATION:
'Main Lounge' with alcove seating, Bar Servery, wash up, and luxury finished facilities.

Cellarage & Store room plus Office.

Fisrt Floor:
'Disco room' with bar servery and facilities. Separate V. I. P Lounge with servery and facilities. Well equipped Catering Kitchen with electric dumb waiter connection to ground floor.

Services:
All mains services are available and connected. The property has a full central heating system, comprehensive intruder alarm system and fire alarm systems. External fire escape and Air conditioning system.

Trading Levels:
Although only trading since September 2003 an established trade producing an annual turnover confidently expected to exceed £500,000 per annum net of V.A.T. has been created.

Typical Bar Prices at June 2004 are:-

Fosters/Carlsberg

 2.90 per pint
Kronenbourg/Carlsberg Export 3.00 per pint
Miller/Becks/Budwieser 3.00 per bottle
Breezer/Ice 3.10 per bottle
J & B Whisky 2.30 per measure
Malt Whisky 2.90 to 5.00 per measure
Brandy 2.50 to 12.50 per measure
Cocktails 4.90
House Wines Region of 2.60/2.80 per 175 ml
Bottle Wines Range from 12.95 (Zinfandel) to 265.00 (Vintage Champagne)

Overall a Gross Profit Margin of some 65.92 % is currently achieved.

Significant scope exists for growth particularly via further concentration of the ‘food’ market bearing in mind the large number of office and other workers located within close proximity.

Tenure:
The property is held on a lease for a term of 50 years from 2003 at a rental currently at the rate of 68250 per annum phased up to 81250 per annum until full review in some 4 years time.

The lease is totally free from tie thereby allowing the tenant to negotiate favourable supply contracts.

Assessment:
Rateable Value £84750
Unified Business Rate 45.6 pence 2004/2005

Purchase Price:
Including all of the good quality fixtures and fittings a premium of £650,000 is sought for the leasehold interest with Stock, Glass and Stores to be added, at valuation.

A full inventory of the Fixtures & Fittings will be made available to interested parties in due course.

Viewing Arrangements:
Strictly by appointment which can be made via our office.