Bar and Nightclub in South London For Sale

Prime spot inside market, benefits from high footfall and a vibrant local community, SW LONDON

Turnover £ 5,500
Price £95,000

Features

Pub and Club

5 DAYS OPENING
LIVE MUSIC LICENCE
2am LICENCE
5 STAR HYGIENE RATING

The space features an amazing design with a carefully curated interior, offering a unique and appealing atmosphere. Industrial non-slip floors, suspended ceiling with spot and hanging lighting, Bar Area with seating for 28, EPOS till, CCTV system (4 cameras)

First floor

Additional Bar with 2 taps
Tables and chairs providing seating for 45 People

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500 p.w. with a Gross profit of 70% approx.

Staff

The business is at present operated by the vendor with 1 full time & 4 part time staff.

Trading Hours

5 Day week
TUESDAY 6pm - 11pm
WEDNESDAY & THURSDAY 6pm - Midnight
FRIDAY & SATURDAY 5pm - 2 am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a rolling contract at a current rent of £49,400 p.a. (including rates)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE ROLLING CONTRACT, GOODWILL, FIXTURES & FITTINGS £95,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote