Cocktail Bar for Sale in Leicester - The Loft Bar

Description

CoGoGo is pleased to present The Loft Bar, a popular cocktail bar located in Leicester. Established as a vibrant and welcoming venue, the bar is known for its expertly crafted cocktail menu, attentive service, and lively atmosphere. It attracts a diverse clientele, ranging from after-work visitors to weekend nightlife customers, and is consistently recognised for its strong ambiance and quality offering.Situated in the heart of Leicester’s dynamic nightlife district, The Loft Bar benefits from a prime location surrounded by an established mix of bars, restaurants, and late-night venues. The area draws a steady flow of students, professionals, and weekend visitors, creating consistent trade throughout the week. The business is also close to key retail and commercial areas, supporting high levels of footfall. Excellent transport connections are available, with Leicester Railway Station within walking distance and multiple bus routes serving the area.The premises accommodate up to 200 guests and feature a modern, stylish interior designed for both atmosphere and functionality. The main bar area is fully equipped for high-volume service, including a professional DJ setup, amplifier system, mood lighting, and feature lighting elements. A spacious outdoor terrace provides additional trading space, ideal for summer events and relaxed social gatherings. Security facilities are in place to support safe and controlled operations.The venue also includes a dedicated private function room with capacity for up to 80 guests. This area features its own bar setup, allowing it to operate independently from the main venue and providing strong potential for private hire, corporate events, and celebrations. The flexible layout supports a wide range of trading styles, from casual cocktail evenings to full-scale themed events.The business is held on a leasehold basis with an annual rent of £15,000, representing a competitive rate for this prime Leicester location. There is further potential for expansion subject to landlord agreement, including the possibility of additional space and an extended late license.The business currently operates in line with nightlife demand, with opportunities to extend trading hours or introduce additional revenue streams such as daytime events, cocktail masterclasses, brunch services, and private hire packages.An experienced and well-established team is already in place, ensuring smooth daily operations and consistent service delivery.Financial ProfileThe business generates an annual turnover of approximately £144,000, with a net profit of around £35,000. These figures demonstrate stable profitability with clear scope for further growth under new ownership.