Cocktail Bar plus Live music venue in South London For Sale

Situated in a parade, excellent main road trading position, situated approx. 50 metres from a Railway Station, SW LONDON

Turnover £ 10,000
Price £249,500

Features

Cocktail Bar and Restaurant with Functon Room, Live Music and Entertainment Licence

Seating area outside for 10 people.

4 STAR HYGIENE RATING

DOUBLE FRONTED AIR CONDITIONED PREMISES, in the region of 980 ft², WITH ELECTRIC SHUTTERS, cctv (6 cameras).

Tables and chairs seating 45 people.

Bar - Electronic cash register. 3 hand pumps, soft drinks mixers. Under counter fridges, glass washer, ice make, wash hand basin, mirror backed shelving.

Open Plan Kitchen. - Stainless steel extractor, 4 burner hob, oven, grill, microwave, Double basket deep fat fryer, 3 fridges, freezer, double sink and drainer, stainless steel preparation table, dishwasher.

Ladies clokroom with toilet and wash hand basin
Gentleman's clokroom with toilet and wash hand basin

Stairs to Lower Ground floor, in the region of 500 ft²

DJ booth, sound system, dance floor.

Tables and chairs for 90 people.

Equipped Bar

Cellar for Kegs, ice machine, freezer.

Office / store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 p.w.

Staff

The business is at present operated by the vendor with the assistance of 4 full time and 3 part time staff.

Trading Hours

7 Day week
SUNDAY - THURSDAY 4 pm - MIDNIGHT
FRIDAY & SATURDAY 4 pm - 2.30 am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2021 with reviews every 5 years (next review 2026) at a current rent of £30,000 p.a.

Business Rates from April 2024 £9,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1997 AND OFFERED FOR SALE DUR TO THE VEDNOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £249,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 124,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote