Jesters Bar, 7 Victoria Road Mablethorpe, Lincolnshire, LN12 2AF
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Bar / nightclub for sale
Key features
- A Town Centre Sports Bar
- Friendly and Relaxed All Year-Round Venue
- Well Maintained and Positioned
- Generous Internal Seating Capacity
- First Floor 2 Bed Accommodation
- Outbuildings and Storage. Energy rating C
- Christie & Co Ref: 5752373
Description
To the front of the venue there is a good sized external covered seating area which leads to the main bar area. This is a fantastic size with a large bar servery, seating booths, tables, pool tables, dart boards all surrounded by good sized televisions showing a range of sporting events. To the rear there is a further bar area ideal for parties, theme nights and party functions, this area leads to a second outside seating area. To the ground floor there is a cellar, customer toilets and an extensive storage area which could be potentially used to extend the capacity or converted into a commercial kitchen (subject to the normal permissions).
Accessed via a separate entrance there is a 2 double bedroom flat above the bar with good sized rooms including a living room, kitchen, bathroom and the bedrooms.
The venue is set on Victoria Street in the heart of Mablethorpe, a short distance from the front and ideally placed for visitors to the area or local residents. Mablethorpe is a busy seaside town located on the east coast with East Lindsay in which a reported benefit of over £160m was spent in cafes, restaurants and bars in 2022. The area has a popular beach frontage, numerous caravan and holiday parks as well as circa 7,500 local residents.
Fixtures & FittingsThese are to be included within the sale.
The OpportunityJesters Bar is a family run sports bar located in the heart of Mablethorpe. It is a long-established business with a strong wet lead trade with a 4am licence, flexible seating areas internally and with 2 outside spaces. It has been well maintained and constantly improved by the owners and is fans favourite for watching popular sports. There is further opportunity to expand and diversify the venue due to its large storage areas and outbuildings which would lead to further adding to its already strong financial performance. Viewing is therefore strongly recommended.
Trading InformationThe accounts for March 2023 show a Turnover of just over £400,000, Gross Profit of over £100,000 and Net Profit of £43,535 and an EBITDA of Over £65,000. These accounts are available on request to serious, pre-registered interested parties only.
TenureWe are seeking either a Freehold Sale or a new Lease to be granted by the landlord.
Business RatesRateable value £25,500 from 1st April 2023.
RegulatoryThe Premises is fully licenced and free of tie.
Energy Performance Certificates
EPC 1Brochures
Jesters Bar, 7 Victoria Road Mablethorpe, Lincolnshire, LN12 2AF
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Skegness Station14.0 miles
Notes
Disclaimer - Property reference 5752373-fh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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