The Rum Bar & Kitchen sold to experienced operator
Specialist property business adviser, Christie & Co has completed on the sale of the lease for The Rum Bar & Kitchen in the bustling town centre of Chepstow, which is home to an array of independent cafes, hotels, shops and offices.
Business. Built around You.
Your expert business property advisers
The Rum Bar & Kitchen occupies the first floor of a whitewashed two storey, traditional brick building. The business opened in 2015 as a Caribbean themed bar and has since become one of the most popular late night spots in the town, boasting a combined bar and seating which converts into a dance floor on Friday and Saturday evenings, as well as an attractive rooftop terrace with a working bar.
Previous owner, Harriet Babbage decided to sell the business to focus on a new venture within the hospitality sector. The property has been acquired by an experienced operator in the pub sector.
Corrina Jones, Business Agent at Christie & Co’s Cardiff office who handled the sale comments; “Since the start of the year, we have seen an increase in viewings of licensed properties as certain locations drive significant interest. Chepstow is a thriving town and the Rum Bar & Kitchen offers a great position. The business generated keen interest from a number of buyers within days of being brought to the market, receiving multiple offers.
“We are pleased to have sold the lease for The Rum Bar & Kitchen and wish Harriet all the best with her new venture.”
Christie & Co sought £60,000 for the leasehold of The Rum Bar & Kitchen.