New market entrant acquires premium Bath city centre establishment
Specialist property advisor, Christie & Co has completed on the sale of Circo, a high-end lounge bar and restaurant.
Occupying a stylish Georgian basement, Bath's Circo Cocktail Bar and Lounge showcases an eclectic blend of the old and new; with classic panelled walls, luxurious Chesterfield sofas and a cool palette of chic blue tones accented by dusky copper highlights. With lighting by Felix Lighting Specialists of Bath, Julian Chichester mirrors it's a venue that exudes a cool, calm and collected vibe. Circo has one of the most extensive bars in the city with a stunning array of cocktails on offer, as well as a comprehensive champagne, wine and spirits list. It was recently voted the Best Bar in Bath 2019 by Bath Life.
Our client, Bath based leisure company; The Halcyon Group, decided to sell the leasehold interest in Circo in order to focus on other areas of their diverse regional business portfolio.
The business has been acquired by long term Bath resident, Mike Philips; a local industry professional. With a vast wealth of experience gained from over a decade working in various senior roles across the licensed sector. Mike comments “This is an exciting time for Circo and for Bath. It’s as important as ever to continually adapt to the city’s ever-changing and evolving tastes, and I am looking forward to working with my team to bring in new ideas and maximise this unique venue’s great potential. We will be overhauling our cocktail menu over the coming weeks and introducing a variety of new brands to our bars, such as Asahi. We are also changing our opening hours so that we are catering to a wider demographic during the week. I am confident that these improvements alongside a long list of other changes we are planning to implement, will only reinforce Circo’s reputation as the Best Bar in Bath.”
Nicholas Calfe, Director (Licensed) at Christie & Co, handled the sale comments “Christie & Co were honoured to be appointed the agents to sell this award-winning and iconic cocktail lounge bar, one of the most popular venues in Bath! In line with our client's wishes, this sale was kept fully confidential. Bath remains a lucrative location for investors and operators who can be assured of a consistent return despite the current climate. It was pleasing to be able to sell to a local buyer who was aware of the history and understood what was required to further develop the business and ensure its ongoing future success.”
For further information on this press release, contact:
Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com
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