Cocktail Bar in South London For Sale

Renowned and long established Indoor Market, excellent trading position, office and commercial area, SW LONDON

Turnover £ 10,000
Price £160,000

Features

Busy Cocktail Bar

5 DAYS OPENING

KIOSK WITH ELECTRIC SHUTTERS, EPOS till with 6 mobile machines. Tables and chairs providing seating for 200 People. Bar 2 taps, CCTV system (3 cameras), drinks display fridge (glass fronted upright), ice machine, 6 fridge draws, under counter fridge, large freezer, Popcorn machine, Slushie Machine

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 plus p.w. with a Gross profit of 70% approx.

Staff

The business is at present operated by the vendor with 1 full time & 5 part time staff as required.

Trading Hours

5 Day week
TUESDAY & WEDNESDAY THURSDAY 3pm - 11pm
THURSDAY 3pm - 11.30pm
FRIDAY & SATURDAY 12pm - 12:30am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 3 years in 2022 with reviews every 3 years (next review 2025) at a current rent of £88,400 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote