Asking price: £180,000

Sales revenue: £635,000

Net profit: £85,000

Fixtures value: £10,000

Stock value: £11,000

Business description
This venue has been voted 3rd best bar in London in an Evening Standard online poll
It's a very profitable bar/club in an area of the highest concentration of 25-35 yearolds in the UK.
The key staff are keen to stay to keep the operation running like clockwork
Pre tax annual profit of £85,000.
4am licence Friday and Saturday
2am Sunday to Thursday
Public Entertainment licence for live bands of any number.
Planning permission granted for the use of the 1st floor as an extension of the licensed premises.
Total capacity of over 300
5,000 square feet over 4 floors.
Option to purchase leasehold or freehold.
GP 74%
4bedroom flat on 2nd floor
Large kitchen
Huge loft that could be converted into penthouse apartment
Fixtures, fittings and sound system included
Full accounts, scale plans and further information available on enquiry

Years established: 9

Employees: 12

Trading hours: 7pm-4am Friday and Saturday 7pm-2am on weeknights Licensed from midday during the week and from 11am at weekends hence potential for added lunch trade.

Property: Leasehold

Lease terms
Expires October 2022 Tied for beer, cider, bag-in-box and alcopops. No rent review until October 2012

Living accomodation
4 bedroom flat included

Location
Located on a busy road in Clapham
Next to major supermarkets and cafe
5 minutes walk from Clapham Common

Expansion potential
Planning permission has been granted to develop first floor as a fully licensed function room with a 3am licence Fri/Sat and 2am Sun-Thurs Premises are not currently open during the day. So potential to add lunch trade 7days a week. Large kitchen is not being used at all for commercial purposes.

Competition / Market
5 minutes walk from Lost Society and Artesian Well. Tesco have identified the area as a hotspot and are opening a store opposite within next 6 months

Support & training
Full support from seller Promotions manager and bar manager keen to stay on and in fact want to invest in the venue too.

Reasons for selling
Planning to go travelling for a long time with my girlfriend

Financing available
To be discussed