Bloo 88

182 West Street, Sheffield, South Yorkshire, S1 4ET

BUSY SHEFFIELD CITY CENTRE, FAMOUS FOR COCKTAILS AND PIZZA

Bloo 88 is a well established venue in the heart of the main drinking circuit of Sheffield City Centre. The venue is famous for its wood fired Pizza, using the finest local ingredients and Cocktails. Boo 88 is a spacious, accommodating Bar, which is well presented, open plan and appealing to the eye. Upstairs, there is a also private function room, with its own exclusive bar, which can cater for one hundred and thirty people. Additionally, there is also a pleasant beer garden to the rear. The business doesn’t just benefit from its Cocktails and Pizzas, it also offers popular Cocktail making masterclasses. Sales volumes are driven by circuit trade and students of the Cities University.

Location

Business Information

Annual rent

£53,000

Weekly rent

£1,019

Entry costs

£61,125

Turnover royalty

n/a

Forecasted Operator Turnover

£548,582

Forecasted Operator Profit (inc machine profit)

£53,190

Forecasted Operator Machine Profit

£5,000

Average Beer & Cider Discount*

£108

Type of Tie

Partial tie: Tied All Beer, All Cider & Minerals

Agreement

Standard Tenancy Agreement A fixed 5 year term

Entry costs approximately £61,125.00, which includes stock, glassware, crockery, cutlery, fuel and cleaning materials, legal, brokers and stocktaking fees, training fees, schedule of condition, working capital and deposit which is 25% of head rent. Fixtures and Fittings are valued at approximately £35,000 and the final valuation will be confirmed on change day. An assisted purchase of F&F may be available with a 25% deposit on change day and weekly re payments to purchase the remaining 75% over an agreed period

Deposit

£13,250

Fixtures & Fittings

£35,000

Legal Admin Fee

£825

Broker Fee

£750

Stocktaking Fee

£150

Working Capital

£10,000

Other Costs

£1,150

Total Entry Costs

£61,125

You will need to estimate the turnover you expect to achieve from the pub, with regard to food and accommodation (if applicable). Barrelage figures are given to assist you with calculations. **Please note trading volumes for year 19/20 are for part year trading and reflect the impact of closure during the Covid 19 pandemic**

Year Beer (Brls) Wine & Spirits (Ltrs) Minerals (Ltrs)
2019/20 124 0 11,630
2018/19 178 0 15,015
2017/18 174 2 13,377

The downstairs bar is spacious and has an open plan kitchen. The site also benefits from a function room upstairs with its own bar. to the rear. there is an enclosed beer garden to the rear.

Trade Bars

Yes

Trade Dining Areas

No

Trade Kitchens

Yes

Trade Food Covers

40

Trade Gardens

Yes

Trade Patio Areas

No

Trade Rooms to Let

0

Meeting Rooms

No

External Child Play Areas

No

Function Rooms

Yes

Customer Car Park Spaces

0

Current Premises License Opening Hours

Sun-Wed: 09:00-02:00
Thu-Sat: 09:00-02:30

There is no private accommodation, but there is an office on the first floor.

Private Rooms

1

Lounge

No

Dining Rooms

0

Double Bedrooms

0

Single Bedrooms

0

Bathrooms

0

Toilets

0

Private Kitchens

0

Offices

1

Bedsits

0

BDM Portrait

I am seeking an experienced operator who has experience of operating a busy City Centre Bar. Bloo 88 is a smartly presented venue famous for Cocktails and wood fired Pizza. Experience of a lively venue and creative offers will be key to continuing to drive this excellent business forward. If this opportunity appeals to you, then please do contact the recruitment team for further information. .

Jim Owthwaite, Business Development Manager

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