LOCATION: The business is positioned on a good corner location, in close proximity to tube stations and main bus routes on bustling High Street in a busy shopping and densely populated residential area.
DESCRIPTION: Situated in a large corner building. The ground floor area totals approx 1400 sq ft. This recently refurbished trendy bar/restaurant has a contemporary design throughout. The main and side areas are open window featured, complementing the fashionable design of the rest of the premises. The front area of the premises has a well positioned large 42” flat screen TV, there is black marble tiled flooring and high-quality lighting equipment which provide a number of lighting effects. There is seating for approx 46 covers rising to a maximum of 65 for large group seating. The area is also furnished with stylish customer lounge sofas and armchairs. The seating/floor area leads to a fully equipped bar serving area and onwards to smart customer restrooms, fully equipped kitchen, beer cooler room, storage room and pool/ lounge area towards the rear. There is a separate fire department approved fire exit towards the rear.
EQUIPMENT: The business is fully fitted and equipped to a very high standard with an extensive range of trade equipment and a full inventory will be available to a purchaser. Equipment includes; 2 floor standing fridges, floor standing freezer, deep fryer, griddle, 5 hob cooker with oven, dishwasher, microware, industrial canopy extractor, beer cooler equipment, glass washer, espresso/coffee blending machine, ice machine, 3 door glass fronted bar refrigeration, digital till, music system, CCTV, fire alarm, air conditioning and heating radiators in all rooms, flat screen 42” TV with satellite reception and a full sized pool table.
BUSINESS: The bar/restaurant has been established since the 2006 and has been fully refurbished including soundproofed windows to meet all building/fire and licensing requirements. There is licensing for both DJ and Live music, along with A3 and alcohol licenses. The current menu is Mediterranean/Italian with a wide selection of wines, beers and sprits, however the fully equipped kitchen and high standard refurbishment would facilitate any food type. With a very strong, regular customer base, early lunchtime opening, evening wine bar, regular late live and DJ evenings, weekly takings are £5,000 p.w. The business is situated in an area with a higher than average population of 25-40 year olds and there is every potential to increase takings further with themed mid week nights, e.g. comedy, poetry, sport etc.
The owner is supported by his business partner and two F/T staff earning £600 p.w.
HOURS: To Be Confirmed
ACCOMM: There is no residential accommodation.
TENURE: Lease commenced in 2006 for a term of 20 years and the current rent is £20,000 per annum with reviews every 4 years.
RATES: Business rates payable are approx £8,898 p.a.
NEGOTIATIONS: Strictly through Abacus Business Sales on 020 8144 7999
UP TO 100% FINANCE GIVEN to you when you buy this business with very low monthly payments (subject to status).
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