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Beautifully Presented And Equipped Busy Bar With Restaurant For Sale

Bristol City Centre, Bristol
Asking Price:
£100,000
Sales Revenue:
£825,000
Cash Flow:
Available on request

Graze Bar & Chophouse is a fresh and sophisticated take on the traditional British pub and combines superb ales, wines and spirits with a 'no nonsense' menu of quality British and European dishes. Inspired by the bars and chophouses of London and New York, the interior of Graze boasts high quality bespoke furniture, creative lighting schemes and quirky interior design. Informal yet stylish, Graze serves Bath Ales beers along with an eclectic range of continental beers, premium spirits, interesting wines and soft drinks. The operation is owned and managed by Bath ales who are now owned by St Austell Brewery who have taken the decision to sell in line with their strategic plans.

Property Information

Property:

Leasehold

Location:

Graze is located on the corner of Queens Square at the junction of Queens Street and Thunderbolt Square. The property is in the heart of Bristol city, surrounded by many offices, retail units and residential addresses. Bristol Aquarium, The Water Shed, Bristol Hippodrome and Bristol Vic are all within a few minutes’ walk of the unit. Bristol's Harbourside is also a short stroll away, now an attractive, thriving modern development filled with restaurants, bars, shops and hotels.

Premises Details:

The property briefly comprises:-

Recessed porch entrance
leading to:-

main trading area
open plan, bright and airy trading space with quality interior design and seating for up to 70 at a number of square and circular timber topped tables and upholstered chairs, upholstered bench seating and chesterfield sofas and armchairs. Stripped wood flooring with tiled feature around the main bar servery and part timber clad/part tiled walls.

Bar servery
centrally positioned timber topped and tiled fronted with kitchen servery to side. Non-slip flooring, 2 upright bottle fridges, 2 x under counter bottle fridges, espresso coffee machine. 2 x point of sale electronic tills.

Raised dining section
to the right hand side of entrance.

Separate private dining area
to left hand side.

Managers office

ladies, gents & disabled cloakrooms

staff room
commercial kitchen
with rationale oven, triple overhead canopy extraction, non-slip flooring, central cooking area with griddle, 4 ring gas range and oven x 2, hot plate, deep fat fryer, under counter refrigeration and sink through to

prep & wash up section
with 2 x sink, commercial dishwasher and various refrigeration. Fire escape door to outside.

Service yard
situated to the rear of the property with 2 lock-up storage cages. Gates and vehicular access.

Separate ground floor beer cellar

outside
to the front of the property, 24 covers at a range of modern outdoor furniture with retractable canopy over.

General information
rateable value
2017 list - £37,250.

Please note this is not rates payable. For further information, we advise you contact the local billing authority, bristol city council.

Tenure
the property is held on a part repairing and insuring, free of tie lease for 25 years effective from 2009. The current rent is £46,000 per annum plus vat, subject to 5 yearly rent reviews. The lease has the benefit of security of tenure under the 1954 landlord and tenant act. The annual service charge is capped at £7,000 per annum plus vat.

Business
graze is being sold as a going concern business to include the goodwill, trade inventory and leasehold interest in the unit. Bath ales will have the right to retain the trading name of graze subject to further conformation however the business will be able to trade on in the same style. Alternatively, the style of décor and layout would easily lend the unit to another style of operation/cuisine, with little or no further investment or refurbishment. The property is currently run under management with a full-time manager, assistance manager and chef together with a compliment of part timers. Staff will be subject to the tupe provisions and further information will be provided by the sole selling agent bettesworths following a formal viewing.

Turnover for year end 2018 was £825,000 ex vat and further trading information will be provided to genuine bona fide applicants.

Services
we have been informed the premises are connected to all mains services.

Inventory
To include the valuable furnishings and equipment as per an inventory to be supplied.

Energy Performance Rating:
C

Contact Information

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