Spacious Bar With Licensed Restaurant In SE London For Sale

Business description

Front forecourt area with tables and bench seating for approximately 12 persons to -

SPACIOUS DOUBLE FRONTED BAR WITH RESTAURANT, ground floor area approx. 150 sq. metres. Tiled floor (Bar area) plus attractive woodstrip flooring, ceiling with inset lighting plus hanging lighting. Tables, armchairs plus chairs and upholstered bench seating providing seating for 80 persons plus ample standing. 1 attractive long bar with quality wood top, 2 'T' bar hand pumps plus 1 additional hand pump, stainless section with 2 open ice wells, computerised tills, 2 double door glass fronted counter fridges, 2 group coffee machine, coffee grinder, additional upright glass fronted small fridge.

OPEN PLAN LEVEL KITCHEN with high counter having tiled top. The kitchen is well equipped including stainless steel extractor, stainless steel cladding, 3-burner charcoal grill, 6-burner gas cooker, double deep fryer, 3-door stainless steel counter fridge, 2 stainless steel tables (1 with sink) etc.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlmen's cloakroom with 2 w.c's, urinal, 2 wash hand basins

Stairs to large basement approximately 70 sq. metres with office, beer cellar plus storage area

Property information

Property:

Leasehold

Lease terms:

We understand the premises are held on a secure renewable lease, the present lease having approximately 7 years unexpired at a rental of £40,000 p.a. exclusive of rates for the next 2 years, with rent to be agreed thereafter.

We understand the landlord, subject to satisfactory references, will consider granting a new 25 years lease at terms and rent to be agreed.

Uniform Business Rates: £5,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

Location:

Situated in a parade, excellent trading position, opposite station, LONDON, SE

Business Operation

Expansion potential:

WE UNDERSTAND the premises previously traded as a Nightclub and Cocktail Bar with music and have recently been opened as a Restaurant/Bar, in our opinion offering tremendous potential for development in the right hands.

Reasons for selling:

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Trading hours:

CLOSED ALL DAY MONDAY
Tuesday - Thursday inclusive - 4 p.m. - 11 p.m.
Friday - 4 p.m. - 2 a.m.
Saturday - 10 a.m. - 2 a.m.
Sunday opening - 10 a.m. - 10 p.m.

Employees:

The business is at present operated by the vendor with the assistance of 2 chefs plus 2 bar staff.

Other information

Financing available:

Please call Nationwide Businesses who will be pleased to help you with finance