Asking price: £150,000

Sales revenue: £200k < 500k

Net profit: < £100k

Fixtures value: £20,000

Stock value: Undisclosed

Franchise terms
N/A

Business description
Basement bar / nightclub.

New 15 yr lease recently agreed.

Prime position near picadilly circus.

Fully fitted with bar, dancefloor cloakroom & comfortable seating

3am licence with m&d.

Ideal for private members club.

Rarley available / confidential sale.

Years established: 10

Employees: 4

Trading hours: 5pm-3am

Property: Leasehold

Lease terms
We are informed that the property is held by means of a 15 year FRI lease FROM 2007 and is subject to 5 yearly rent reviews. It is understood that the lease is granted outside the security of tenure provisions of the Landlord and Tenant Act 1954.

Location
Situated in busy Soho a few hundred metres away from Picadilly Circus and Shaftesbury Avenue.

Expansion potential
Would make an ideal private members club, piano bar or karaoke bar.

Competition / Market
This presents an amazing opportunity for a new operator to create something new and exciting in the area as the bar has been under the same ownership for about 10 years. ALternativley one may deceide to continue the business as is.

Support & training
Support can be provided if required during the handover period.

Reasons for selling
Getting out of the late night industry

Financing available
n/a