Cardiff’s Buffalo bar saved by new owners

buffalo bar cardiffLeading Cardiff cocktail bar Buffalo has been sold to a new company, saving 22 jobs, after going into administration.

Administrators from insolvency practitioners SFP negotiated the sale of the bar in Windsor Place to 8 Bar Blue, which plans to continue running it as Buffalo for the time being.

The venue, which opened in 2005, was part of Beatbox Bars, which also included Cardiff bars Ten Feet Tall and Fire Island. The company was put in administration in July, with SFP’s Daniel Plant and Simon Plant as joint administrators.

Fire Island has already been sold to Welsh microbrewery Tiny Rebel, run by Gazz Williams and Brad Cummings, to become Urban Tap House.

Daniel said: “This is another fantastic outcome, not only for the employees who keep their jobs but also for the city centre as a whole, retaining a vibrant venue and prosperous business.”

New operator 8 Bar Blue was formed by Michael Griffiths and Daniel Rickard who intend to trade until Christmas as Buffalo to enable them to assess the business and what investment may be required.

Michael said: “We plan to run the bar as it is for the foreseeable future so we have a better picture of what works well and what may need attention.

“Our ultimate goal is to restore the venue to its former glory as one of the best destinations for students looking for live music, food and cocktails.”

Beatbox Bars acquired the leases for Fire Island, Ten Feet Tall and Buffalo between 2005 and 2009. However, a major downturn in trade over the last winter put severe pressure on cash flow and led the bars into financial difficulties. The company had previously achieved an annual turnover of about £1.5million and employed 70 staff.

Previous Courvoisier campaign challenges cognac conventions
Next Rusty Cerven in New Orleans for Tales of the Cocktail