Newly established Bar opportunity for sale

Business
Please quote reference B07719

CoGoGo are delighted to welcome to the market TROPI’S BAR LTD T/A Tropi’s Bar, a newly established business opportunity in the town centre of Houghton Le Spring, Tyne and Wear.

The business was established by our clients in October 2023. Its built up an excellent reputation and regular customer base during its short time of trading. 

Tropi’s Bar has now come to the open market due to our clients desire to focus their time on other commitments. 

This is a highly rated bar that also offers live music. The premises has a capacity of 100 and holds a late trading licence.

Key selling points – 

• Outstanding reviews
• Repeat custom
• Huge Scope for expansion
• High footfall location
• Low overheads
• Rates Exempt

Scope for further growth –

• Push advertising and marketing
• Increase the opening hours

Location
Tropi’s Bar is located on Newbottle Street, in the town centre of Houghton Le Spring.

The business has eye catching signage, receiving high levels of footfall and passing trade. 

Premises

• Open plan service area with moden and bespoke lighting, fixtures and fittings.
• Bar area.
• To the rear of the premises are the WC’s.
• Storage room.

Tenure
We are advised that the business is being sold on a Leasehold basis, currently on a yearly rolling agreement. The rent is £700 per month. 

Our client has advised that that the Landlord has confirmed that a new 5 year lease will be offered to a new buyer. 

Hours
The current trading hours are –

Monday to Thursday – Closed

Friday to Saturday – 6:00pm – 2:30am

Sunday – Closed

Staff
We are advised that the business has 2 full-time and 1 part-time adhoc staff members.

Financial Profile
Further financials can be made available upon request.