Cocktail Bar in South London For Sale

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

Turnover £ 4,500
Price £29,950

Features

Modern Cocktail & Lounge Bar


Double unit with electric shutters.

Lounge and cocktail bar seating 30 people.

Bar - EPOS cash register, Double door drinks fridge, cocktail station with ice well and speed rail, glass washer (on lease), 4 beer pumps, hand was basin, shelving, sound system with six speakers, amplifier and mixing station.

Rear store - shelving, air conditioning, beer cooler, freezer.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 70% approx.

Staff

The business is at present operated by the vendor an a part time basis with the assistance of 4 staff.

We are informed the wage bill averages £800p.w. approx.

Trading Hours

5 DAY WEEK

TUESDAY - THURSDAY 5 p.m. - 11 p.m.
FRIDAY 5 p.m. - 12.30 a.m.
SATURDAY 12 noon - 12.30 a.m.

CLOSED SUNDAY AND MONDAY

Local demand and potential exists for longer opening hours.

Tenure

Trading on an annual year licence at a current rent of £49,400 p.a. at a current rent of inclusive of service charge and business rates

Price

TO INCLUDE THE LICENCE, GOODWILL, FIXTURES & FITTINGS £29,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 14,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote