Wine Bar and Off Licence in Canonbury For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, HOXTON, LONDON, N1

Turnover £ 4,500
Price £45,000

Features

Wine Bar and Wine Shop (full On Licence)

4 DAYS OPENING
FORECOURT WITH 3m x 4m SEATING AREA (foot path licence)
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 370 ft² WITH ELECTRIC SHUTTERS, Concrete floor, hanging lights, wine wall, table service. Tables and chairs providing seating for 28 People.

Toilet with w.c. and wash hand basin.

Open plan kitchen area with mini oven, induction hob, 4 fridges, glass washer, sink.

Stock room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 60% approx. (NO PORTALS)

Staff

The business is at present operated by the lady vendor with the assistance of 2 casula staff.

Trading Hours

4 Day week
WEDNESDAY - SATURDAY 4pm - 10pm

Outside

Parking space for 1 car (subject to permit).

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a rolling management lease (private landlord) granted for 3 years in December 2023 with reviews every 3 years (next review December 2026) at a current rent of £26,400 p.a.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2022, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDOR'S EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £45,000 plus STOCK AT VALUATION (£5,000 APPROX.)
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 22,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote