An amazing opportunity to acquire a thriving Irish Bar in the heart of the student area in the University town of Bangor.
This prominent bay fronted period property built circa 1860 was once known as the "Smuggles Inn" but now has transformed into a trendy, vibrant nite spot, with Karaoke and live BarCam , big screen TV and all the latest in entertainment features!
100% wet trade, the establishment is known not only for its Guinness but also for its excellent connections with Local Breweries. The licensed hours ar Sunday Monday Tuesday 8am till 2am Wednesday to Thursday 8am to 2-30am Friday to Saturday 8am till 3am only bar in upper Bangor with 3 am.
Turning over £206,000 p.a. with a Gross Profit of 38%
In the same ownership for the last 10 years, considerable sums have been spent on improving the building including, re roofing, new windows and central heating, new toilets, cctv and the property is totally "fit for purpose"
The property has independently accessed residential accommodation providing 6 bedrooms capable of use for "Student Lets" producing around £80 per room per week. Alternatively the accommodation can be used as a 3 bedroomed and very comfortable Owners Apartment (as at present) with three letting rooms.
The business flourishes between September & May with the summer months being somewhat quieter, however this is an area that could be capitalised given the property location in a popular Welsh Tourist area.
Food is an obvious option to boost turnover, especially in the summer months. There is a commercial kitchen, however a little extra investment is necessary to operate this.