Business Premises - Property Detail

The Lily Bar

Lake Road, Ambleside, Cumbria, LA22 0AD
Location: Google Maps

Unit Types: Businesses for Sale, Cafe/Restaurant/Pub

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The Lily is a FREE HOUSE establishment prominently situated on the principal route through the town, within the centre set amongst a healthy mix of other traders and is well placed attracting an excellent blend of local and visitor trade.
Full Description
The Lily is a highly popular and very well established Free House wine bar and restaurant with a great selection of cask ales, delicious wines and has a good reputation for selling hearty food. Presented to a good standard with an attractive combination of traditional and modern style.

A highly regarded and well established business popular with a healthy mixture of both local and visitor trade throughout the year. This sale represents an excellent business opportunity to take over an already thriving business with excellent turnover and profit margins. With a projected income this financial year of £700,000. The Business is sold with all fixture and fittings and Stock at Valuation. For additional information visit www.thelilybar.co.uk

Location
The Lily is a FREE HOUSE establishment prominently situated on the principal route through the town, within the centre set amongst a healthy mix of other traders and is well placed attracting an excellent blend of local and visitor trade. Ambleside is highly popular and extremely busy Lakeland town in the Lake District National Park which is a now a UNESCO World heritage Centre which enjoys high levels of visitors throughout the year.

The position also enables high levels of footfall past the front door as its on the principle route to the Lake out of town on the one way system.

Amenities
Currently providing covers for approximately 40 people having superb bar and restaurant area, fully equipped kitchen and cellar.
Additionally it benefits from male, female and disabled toilets. Open 7 days a week 12 noon to 12pm Monday - Thursday & 12 noon-1am Friday and Saturdays.

Services
Being sold as a going concern which is extremely well established with a superb net turnover. Operating throughout the year. Offered on new leasehold terms at a rent of £38,000 per annum. Available on Full Repairing and Insuring terms. A 15 year lease is proposed with 3 yearly rent reviews. Accounts and figures will be available to genuinley interested parties.

Terms
The Business is currently operated with 5 x full time staff and 4 x part time staff members. Plus a part time cleaner. The property benefits from two external stores to the rear of the property allowing an useful storage facility. The primary store measures 2.63m x 2.43m with power.

Rates
Being sold as a going concern which is extremely well established with a superb net turnover. Operating throughout the year. Offered on new leasehold terms at a rent of £38,000 per annum.

Available on Full Repairing and Insuring terms. A 15 year lease is proposed with 3 yearly rent reviews. Accounts and figures will be available to genuinely interested parties.

Staff
The Business is currently operated with 4 x full time staff and 4 x part time staff members. Plus a part time cleaner.

Outside
The property benefits from two external stores to the rear of the property allowing an useful storage facility. The primary store measures 2.63m x 2.43m with power.

Size Band: Under 2,500 sq ft / 250 sq m

Leasehold Price: £38,000 p/a

Freehold Price: £180,000

For more information please contact the agent: