Freehold restaurant and late-night bar with apartments for sale in Bournemouth, Dorset

Description

We are presenting an established hospitality venue offering a distinctive blend of:Contemporary restaurant dining,Late night cocktail lounge experience,Entertainment and nightlife destination,High-end customer experience,Strong established local brand identity.Located in Bournemouth, the venue has developed a reputation for delivering:High quality food and beverage service,Atmospheric interior design and lounge setting,Consistent evening trade performance,Multiple revenue channels,A loyal returning customer base.Annual turnover of 800k, with potential to reach 1 million.Current staffing structure includes 8 full time employees and 4 casual staff.The VenueHospitality Space OverviewRestaurantModern and stylish dining environment,Fully fitted commercial kitchen,Fully operational setup in place,Suitable for private dining and events,70 indoor covers and 20 covers on external terrace,5 star EHO rating,Takeaway services via Uber Eats, website and Deliveroo,Premises licence until 1am,Alcohol off sales permitted until 23:00,Live music, dance performances and entertainment permitted,Licensed operating hours: Monday to Saturday 09:00 to 01:00, Sunday 10:00 to 23:00,Fully ready for continued trading.Late Night Basement BarPremium cocktail lounge operating late into the night,Entertainment led concept venue,Distinctive interior branding and design,High margin drinks focused operation,Potential for membership and VIP offering,30 seated covers, or up to 100 standing, or 150 standing capacity,Soundproofed space with full renovation completed in 2025,Premises licence until 02:30,Permitted activities include plays, films, indoor sporting events, live music and dance performances,Licensed operating hours: Monday to Thursday 12:00 to 02:00, Friday and Saturday 12:00 to 03:00, Sunday 12:00 to midnight,Fully operational and ready for trade.Additional FeaturesFully turnkey business structure,Existing customer awareness and market presence,Strong opportunity for brand expansion,Significant untapped growth potential,Current trading capacity not fully maximised, allowing scope for new ownership to scale operations.Freehold Opportunity£1,600,000 Freehold Acquisition.Included Within SaleCommercial ElementsRestaurant premises,Late night bar and lounge,Fully operational hospitality venue,Suitable for owner operation or separate leasing structure.Residential ElementsTwo 4 bedroom maisonettes,Strong redevelopment potential,Planning permission already approved.Development OpportunityApproved permission to convert existing maisonettes into:6 x 1 bedroom apartments.Potential benefits include:Residential rental income generation,Increased asset valuation,Mixed use investment structure,Future resale flexibility,Long term capital appreciation.Estimated rental value is approximately £1,000 per month on long let, or around £100 per night for short term rental via Airbnb.Investment HighlightsMultiple Revenue StreamsFood and restaurant sales,Beverage and bar revenue,Late night trading income,Private event bookings,Potential membership based model,Residential rental income from development.Strong Market PositionEstablished local presence operating since 2018,Unique lifestyle hospitality concept,Strong positioning within Bournemouth nightlife market,Clear growth potential.Asset BackingEstablished commercial hospitality operation,Residential redevelopment opportunity,Freehold ownership option included.Expansion PotentialPremium cocktail lounge positioning,Exclusive events programming,VIP hospitality experiences,Corporate event bookings,Private hire opportunities.Development PotentialResidential Conversion OpportunityThe existing maisonettes offer significant value add potential.Approved Planning PermissionConversion of 2 maisonettes into 6 self contained 1 bedroom apartments.Key AdvantagesAdditional passive income stream,Increased overall property valuation,Improved investment yield,Strong demand for smaller residential units.Investor AppealHybrid hospitality and residential investment structure,Diversified income profile,Long term capital growth opportunity.Bournemouth LocationPrime Coastal Hospitality MarketBournemouth benefits from:Strong tourism driven economy,Large student population base,Active nightlife sector,Year round hospitality demand,Expanding residential development market.Ideal Customer DemographicsYoung professionals,Students,Tourists,Local residents,Corporate clients.Freehold Acquisition Price£1,600,000.Suitable for investors seeking:Long term asset ownership,Development upside potential,Mixed use income structure,Diversified hospitality and residential investment.Ideal Buyer ProfileSuitable ForHospitality Operators:Restaurant groups,Cocktail bar operators,Boutique nightlife brands,Experience led hospitality businesses.Property Investors:Mixed use developers,Commercial landlords,Residential conversion specialists,Yield focused investors.Lifestyle Investors:Owner operators,Brand expansion groups,Experience driven hospitality concepts.Next StepsFurther information available upon request.Interested parties may request:Financial performance details,Lease documentation,Planning approvals,Property specifications,Viewing arrangements,Operational business overview.