Description

Parker Barras are delighted to offer for sale this , fully fitted ,wonderful micro bar in the heart of Guisborough, located at 53 Church Street, Guisborough, TS14 6HG.

Currently trading as The Twisted Peel, the bar operates as part of a local franchise. As a result, any purchaser will be required to change the name of the venue.

The bar specialises in mixology, whilst also offering coffee sales during the earlier afternoon. In addition, the venue provides an intimate setting for private functions, with an internal capacity of up to 40 people.

Opening Hours

The business currently trades five days a week, closing on Mondays and Tuesdays. Its opening hours are as follows:

• Monday: Closed

• Tuesday: Closed

• Wednesday: 3:00 pm – 11:00 pm

• Thursday: 3:00 pm – 11:00 pm

• Friday: 3:00 pm – 12:30 am

• Saturday: 12:00 pm – 12:30 am

• Sunday: 3:00 pm – 11:00 pm

Outdoor Seating

The bar benefits from an excellent outdoor seating area, offering scope for a new owner to further develop the offering and potentially increase sales and takings.

Lease Details

The property is currently held on a lease for a term of three years commencing in July 2025. It is understood that a new lease, on terms to be agreed, will be offered to a purchaser.

Annual Rent: £8,400 per annum.

Business Rates

Rateable Value: £7,600.

The property may qualify for business rates relief, subject to eligibility. Interested parties are advised to seek independent advice from the local authority regarding their individual circumstances.

Asking Price

Business for Sale: £35,000

Please note that any purchaser will be required to change the name of the venue.

Reason for Sale

The business is being offered for sale due to the current owner's other business commitments.