26/02/2024 12:14:00
Sitting in the heart of Cricklade, which incidentally is the first town on the Thames and on the southern gateway to the Cotswolds, is popular cafe/bar/restaurant The Cricklade Club.
Known locally as 'The Club' this former social club was radically transformed in 2017 into what is now referred to as a social kitchen, bar and event space and was instantly referred to as 'a little bit of Shoreditch in Cricklade'.
The freehold of the well-established business has been brought to market by leisure property specialist Fleurets and is on the market at a guide price of £725,000.
The main bar/restaurant has been refurbished to a high standard and provides circa 60 covers. With a 4.5 rating on Trip Advisor, The Cricklade Club has a trendy vibe and is well known for their quality of food using local providers and the café/restaurant is trading successfully. However, there is further opportunity to build on this by extending trading hours. The premise's license is until 2am.
There are further revenue streams including: the function room, a large flexible event space - which is ideal for weddings, parties, events, live music and company presentations, as well a generous office space (max 12 desk potential) which were previously used by the current owners' former travel business. The vacant office spaces could potentially provide additional trade space for either the bar/café/restaurant, a function room or extended commercial kitchens for external or function room events.
To the first floor there is private accommodation comprising a sitting room, kitchen/dining room, three bedrooms and bathroom.
The current owners said, "These third spaces are both vital and popular in towns with an ever growing population seeking to escape the rat race, The Club offers huge potential for growth and/or site development, which is in an advanced stage and has the backing of the town council. We've laid the foundations for an excellent business to be taken to the next level".
Chris Irving, Divisional Director of Fleurets West said, "The Cricklade Club presents a fantastic opportunity to take on an already thriving business. There is definitely potential for further growth and in my opinion the business would suit an experienced hands on owner operator."
Click here to view the sales details. For further information, please contact Fleurets on 0117 923 8090 or email west@fleurets.com.