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Exciting Independent Gin Bar & Restaurant For Sale

Westbourne, Dorset, UK
Asking Price:
£64,950
Sales Revenue:
£133,500
Cash Flow:
Available on request

Business
Please quote reference B05650

Hilton Smythe are delighted to present to the market a new and exciting independent Gin & Wine bar and restaurant - Ginjams.

Our clients have invested in the region of £60,000 transforming the space into a stunning bar and restaurant which offers an unrivalled choice of Gins, Wines, cocktails and greatly desired fondue along cheese and meat platters and tapas.

They are now offering this bar opportunity for sale due to our client looking to move on to other ventures.

As you can see from the photos, there is a key focus on the in-house unique gin menu which attracts customers from other parts of Westbourne town centre.

There is a popular nibble and to share menu available to compliment.

Ginjams hosts a very cosy atmosphere, with a choice of low relaxed seating areas, clear spaces to stand as well as a high number of stools arranged around the bespoke styled bar to promote interaction with the bar team.

Popular events currently running:
Fondue Mondays.
Chooseday Tuesdays (new gin tasting).
Wine Tastings.
Afternoon Cream G&Tea.
Tune-in Thursdays (live music).
Private parties.

The passion for the space is clear to see in the decor, a clear focus for the industrial appearance using spotlight, a solid wood bar servery including vintage/ modern accessories. The business has a Great rear courtyard space for outdoor use. Also customers are allowed to sit outside the front of the premises under the canopy.

The Bar is A4 licensed to be able to sell alcohol.

Our client informs us they attract a wide variety customer base, great for dates, family gatherings, work parties and hang-outs.

Fantastic social media presence and website and an opportunity to be the owner of the brand and trademark Ginjams.

Rarely will a bar of this standard come available with such low overheads and excellent Town Centre position and would strongly recommend any serious buyer to make immediate enquiry to avoid disappointment.

Location
The business is in the vibrant town of Westbourne, Bournemouth.

Ginjams occupies a prime trading location in a bustling main street with a constantly high footfall and passing trade.

The bar is accessed from the main entrances upon a busy street.

The business benefits from ample parking in numerous car parks, all within easy walking distance.

The area has excellent public transport links and is very easily accessible with several A roads serving the city and linking the area to surrounding towns.

Premises
MAIN FLOOR:
15 tables and 50 chairs including two outdoor tables and 4 outdoor chairs.
Booth tables.
Separate booth with cushions and padded seats.
Throws.
Sound System.
80 spotlights, colour changing lights and pedant lights.
Copper chandelier.
Outdoor lights.
Artwork, table and wall decorations.
Real and fake plants.
Air conditioning unit and controls.
Full security alarm and CCTV.

BAR:
6 bar fridges.
Bar sink.
All bar equipment and utensils.
50-100 gin, cocktail and wine glasses and tumblers.
Coffee machine (rented).

TOILETS:
2x toilet bathrooms.
Copper sink.
200 mini hand towels.

KITCHENETTE:
Sink.
Worktop.
Cupboards & Storage.

REAR COURTYARD:
Astroturf.
Chiminea.
Large mirrors.
Lights.
Outdoor seating.

BASEMENT:
Equipped kitchen with worktops.
Multiple fridges and freezers.
2x dishwashers.
Electric hobs.
Fans.
Storage.
Extraction fans.
All kitchen utensils, equipment.
12 Fondue Kits.
20 premium platter boards.
Separate Cellar Room for storing wine, stock, etc.
Printer.
Large washing up area.

Stock Value is currently circa £10,000.

Premises are circa 95sqm.

Tenure
We are advised the business is being sold as a Leasehold.

Original lease length: 10 years.

Remaining lease length: 6 years as of 2019.

Landlord flexible.

Rent is £18,000 per annum.

Hours
Monday - Thursday 18:00 - 23:00

Friday 12:00 - 00:30

Saturday 12:00 - 00:00

Sunday Closed

Staff
The business is run and managed by our clients with the help of 2 full time staff and 10 part time staff.

Financial Profile
Ginjams generated an advised turnover of circa £133,500 as of 2019, with a gross profit of £50,000.

Please quote reference B05650

Property Information

Property:

Leasehold

Contact Information

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