A popular and renovated bar & grill is being marketed for sale by specialist licensed property advisers Sidney Phillips.
The Vine Bar & Grill is situated on the busy Ombersley Road in the Cathedral City of Worcester. With a population in excess of 100,000 this university city sits on the banks of the River Severn and has a fine history with heritage in porcelain and being pinnacle in the English Civil War. Today it offers a thriving commercial centre for the surrounding area having a strong economy with the advantage of being close to the nearby centres of Birmingham and Gloucester.
Since the property was purchased in 2013 by our clients, it has undergone a complete redevelopment and refurbishment scheme and is now presented in very good order throughout. Due to the new building works (with services) there will be little major investment required on the property for many years to come.
The property offers 80 covers across two trade spaces, alongside a two-tiered decked garden area for 40, with a further 40 on a second decked area. The Vine Bar & Grill boasts a studio flat with large living room, double bedroom and en suite bathroom, as well as a four bedroom flat with two en suites, a kitchen and a bathroom.
The business trades as a public house to the local community with a large number of destination customers as its reputation grows. Since opening after the refurbishment they have only offered wet sales to their customers and the business regularly achieves gross sales of £6,000 per week. There is huge scope to introduce a comprehensive catering offering which we understand is in high demand by the current customer base. This would also undoubtedly help to increase the reputation of the business which is already growing steadily. The business enjoys an excellent following for major sporting events especially that of football and rugby.
Ceiron Griffiths of Sidney Phillips’ Midlands Office who is handling the sale commented: “The Vine Bar & Grill offers a great opportunity for a new operator to take on a “turn-key” property and enhance the existing trade with a food offering. A new free-of-tie lease is available on favourable terms, and as a result we expect to see strong levels of interest in this business from the off. It really is an opportunity not to be missed.”
The leasehold interest of the Vine Bar & Grill is available off an asking price of £65,000, with an annual rent of £40,000 on a free-of-tie basis.
For further information about this business for sale, please contact Sidney Phillips’ London & Midlands office on 01981 250333, or Click here for more detail.