For Sale
Highly Rated Bar And Restaurant For Sale In Barnsley
Barnsley, South Yorkshire
- Asking Price: POA
-
Turnover:
We are advised as per the 2022 accounts, the business is predicted to generated a turnover in excess of £2,000,000. Full financials can be made available upon further request.
Please quote reference B07064
- Tenure: Leasehold
Please quote reference B07064
Hilton Smythe is very excited to present to the market The Salt House, Barnsley’s newest and most prestigious immersive bar & restaurant opportunities.
The large glass fronted unit has been completely transformed from an empty shell to the glamourous venue you see in the photos attached.
Our client invested over £700,000 in the initial refurbishment followed by an intense operational push to open the doors in July.
As you can see from the many reviews and social media posts, the brand has been an instant success with the people of Barnsley. We are advised the venue is already averaging at £45,000 per week which is forecasted to rise to £55,000 with the launch of Cineworld.
The Salt House combines creative cocktail mixology with mouth watering food created by some of the region’s best chefs!
Key business features –
- Large open place space
- Luxurious dining booths
- Outstanding menus – including Brunch, Tapas, Sunday Lunch & Drinks
- Daytime – laid back European lounge to vibrant afternoon vibe
- Evening – the DJ booth located on an open plan mezzanine takes over with popular drinks, signature cocktails
- Live events – Casino nights, live music & comedy
- Business Website – social media – Facebook (4,000 followers already!)
Our client is looking for a relatively quick sale to allow him to concentrate on other development projects in the Burnley area.
All Fixtures & Fittings will be included in the sale of the business.
We are advised that the business has staff in place. Further information can be made available.
The business hours are -
Monday – 11:00am - 10:00pm
Tuesday – 11:00am - 10:00pm
Wednesday – 11:00am - 10:00pm
Thursday – 11:00am - 10:00pm
Friday – 11:00am – 2:00am
Saturday – 11:00am – 2:00am
Sunday – 11:00am - 8:00pm
The Salt House is located in Barnsley’s most prestigious new town centre development - The Glass Works.
The Glass Works is an exciting new destination that offers visitors shopping, restaurants, a cinema and a bowling alley.
The Salt House is located in the new building to the north of The Glass Works Square, sitting on the corner between Eldon Street and Kendray Street.
The Glass Works development is key to the re-development of Barnsley’s town centre and its success has proven instant to attracting a new footfall. A footfall who would normally visit the many bars/restaurants in nearby Leeds for the branded high-end experience they can offer.
Other key brands surrounding The Salt House include – Cineworld, Nando’s, Urban Burgers, Dolly’s, Black & White, Fridays, Falco & The Botanist.
There is a large customer car park on site and both the towns main bus & train stations are just 5 minutes’ walk from the venue.
Tenure
We are advised that the business is being sold on a Leasehold basis, with 15 years remaining on the 15 year lease (signed in 2022). The rent is £9,000 per month.
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Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.
Representative Example
Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83
Rates may differ as they are dependent on individual circumstances. Subject to status.
