Specialist property advisor Christie & Co has completed on the sale of Circo, a high-end lounge bar and restaurant on George Street, to Bath resident Mike Philips.
Occupying a Georgian basement, Circo showcases a blend of the old and new, and has one of the most extensive bars in the city with an array of cocktails on offer.
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.
Mr Philips has a wealth of experience gained from over a decade working in various senior roles across the licensed sector.
He said: “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, who handled the sale, added: “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.”