Business for Sale in Norwich, Norfolk - WINE BAR - NORWICH CITY CENTRE - Leasehold: £59,950

Key Information

Ref
WB33737E
Type
Pubs Businesses: Wine Bars
Location
England: Norfolk
Tenure
Leasehold
Status
Sold
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EM&F are delighted to be appointed to market what has got to be one of, if not, the best wine bar in Norwich. Priced very sensibly to ensure a sale and with assets included it is unlikely this will stay available for long and so we urge any serious party to contact us as soon as possible for further details.

Popular with those clientele that prefer to be able to sit and enjoy a glass of wine and conversation without having to shout over the surrounding din, this has become one of the places to relax and socialise in a more grown up manner. The strength of the business is obvious to all that have been inside and is further reflected in the forward reservations and orders that have been made.

THE BUSINESS ITSELF

The business was first conceived as a means to showcase the owners unique wine dispensers that he had created and sold to upmarket high street brands such as Harrods and Selfridges. Rather than travelling to clients they were able to come to The Wallow to see for themselves how they worked and the benefits that came with them.

Offering a range of premium wines available by the glass, customers are able to sample wines which would have previously only been available by the bottle at a price point out of reach to many. With wines being dispensed following insertion of a personalised pre-charged card, trend analysis, stock reordering and such like data greatly enables the business to provide the level of service and choice unrivalled elsewhere.

With an offering of tapas/deli style dishes as well as cold meat and cheese platters to accompany the wines it is easy to see why one can happily spend hours here in the company of good friends and family. It is no surprise then that the venue is regularly used by film crews as a back drop, for networking events, UEA lectures, as well as wine tasting events and of course private functions.

The business already enjoys a turnover in excess of £250k p.a. With all equipment owned and included within the price meaning that this is much more than just a goodwill sale this represents a sound investment and one which will not hang about.

With many ways to develop the business even further such as opening daytimes for coffees or providing a full food menu. Developing the retail side of the business as the premises have the benefit of a full retail licence would be another and so it is clear to see that this an excellent opportunity for someone new.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
Set in an ideal location in the city centre in a road with numerous other bars and restaurants and close to both taxi ranks and car parks, the double fronted and glazed premises are set over 3 floors offering flexibility of use. Upon entering into the bar you are greeted with a warm and relaxed welcome in the rustic but stylish interior set with a mix of table and chairs and comfy sofas.

On the ground floor you will find the bar and refrigerated food display unit together with red and white wine dispensers and the only sparkling wine dispenser known to be in the country. An area to the side of the bar provides space for the Mac computer, CCTV and room to work. There is also access down to the basement room which can be used as a cellar or to expand the kitchen operation. A second flight of stairs takes you down to a separate part of the basement which has been made into an additional seating area as well as having the very well fitted out toilets on this level.

On the first floor is a large area with a range of different table and seating options to suit all. To one end of the room is an impressive feature display housing a wide selection of wines ready to be poured from their dispensers.

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