The business is a centrally located events space and bar, located in the centre of Tunbridge Wells, Kent. This unique business is a popular alternative to a traditional bar service, offering a high energy and thrilling alternative for group activities or celebrations and has seen consistent success from group bookings such as stag/hen doo’s, birthday parties, corporate events with venue hire options.
The business operates a box office ticket only events calendar which is published on their website and social media pages which feature differing events including sing-a-long, murder mystery, daytime disco and workshops capitalising on a multitude of revenue streams. The business is made available so our vendor can focus on unrelated business ventures.
THE VENUE
The venue offers an immersive experience with indoor seating for 30 and 80 standing, an external courtyard with seating for 25 and 50 standing, and a feature cave with seating for up to 15 people. The décor complements the business’s branding. The venue has been extensively refurbished, requiring no further investment to continue trading.
The comprehensive bar serves cocktails, beer, wines, and draught drinks, and the venue offers both hot and cold food, adding another lucrative revenue stream. The events space includes various furniture and seating layout options for all types of events.
The Venue also has a full theatre lighting and sound system, Concert Piano, and 6 Large Screens.
MANAGEMENT AND EMPLOYEES
The business is overseen by the owners with 4 part-time staff members. There is an opportunity to hire a full-time manager for a hands-off operator or for the owners to continue managing it themselves.
GROWTH OPPORTUNITIES
Increase floor space:
The venue is on the ground floor and basement. Expansion to upper floors is possible as space becomes available.
Additional venues:
The business has a strong brand and local presence, with excellent social media followings and reviews, making it a good candidate for establishing additional locations in nearby towns and cities.
Facebook: 1,100 followers
Instagram: 4,160 followers
Twitter: 312 followers
Franchise:
The brand has potential for franchising, expanding nationally based on the established location and proven business model.
Increase operational hours:
Currently, the business operates mainly in the evenings with some daytime events. There is potential to increase revenue by offering a daytime/lunch service on fixed days.
PREMISES
The premises is a ground floor unit off a busy high street with nearby parking. It includes one parking space at the rear and is close to the town’s main car park in Meadow Hall. The bar is within walking distance to the centre, on main bus routes, and a 10-minute walk from the train station. The premises hold a late bar license until 1 am, seven days a week, with additional hours for bank holidays and New Year’s Eve. The lease is £8,000 per annum with 5 years remaining until 2029. The rateable value is under the Small Business rates threshold.
The vendor has significantly improved the property, introducing high-quality equipment and furnishings, creating a welcoming and comfortable atmosphere for guests, and requiring no further investment.
FINANCIAL INFORMATION
Details financial statements will be provided to interested parties.
FURTHER INFORMATION
Further information is available by speaking with the us and viewings are strictly by appointment only as the sale of this business is strictly confidential.
For more information, please contact us.
