Wine Bar in South London For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON

Price £90,000

Features

Wine Bar (this Premises Is Sui Generis) Bar / Pub Licence (previously A4 Licence)

6 DAYS OPENING

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES with BIFOLD DOORS in the region of 925 ft² . Air conditioning, hardwood floor, spotlight and wall lights. Tables and chairs seating 100 persons. BAR. Touchscreen till, under-counter fridges, ice machine, glasswasher.

Ladies' cloakroom with mirror, sink and toilet

Gentlemen's cloakroom with mirror, sink and toilet

LOWER GROUND FLOOR KITCHEN in the region of 1,000 ft². Non slip lino flooring, tube lighting. Stainless steel extactor, 6 burner gas hob, oven, twin basket deep fat fryer, microwave, hot cabinet, gas & wood pizza oven, pizza mixer, dough roller, refrigerated pizza section with marble counter, 2 full height stainless steel fridges, 2 chest freezers, double sink and drainer, hand wash basin, 2 stainless steel preparation tables

Walk-in cold room

Storeroom

Cellar

Turnover

WE UNDERSTAND the vendor enjoys a lucrative turnover, full details will be discussed upon inspection.

Staff

The business is at present operated by the manager with 2 full time staff employed. We are informed the wage bill averages £1,500 p.w. approx.

Trading Hours

6 Day week
MONDAY - SATURDAY 5 pm - 12 midnight

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2017 with reviews every 5 years (next review 2027) at a current rent of £47,300 p.a.

Business Rates from April 2024 £6,000 approx. after small business relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008

Price

OFFERS INVITED TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS IN EXCESS OF £90,000 SUBJECT TO CONTRACT
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 45,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote