Asking price: £200k < 500k

Sales revenue: £500k < 1m

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This superb popular restaurant, bar, function room/club is for sale, with a capacity of upto 400 people in total, situated on a very busy and popular EC1 High Road in the heart of the city, surrounding with offices and popular night out destinations.

The premises comprising 2 units adjoining, benefits from a double fronted glass façade, fronting onto a busy main road in the heart City of London. The unit is currently arranged so that the Restaurant area on ground floor for approximately 100 covers is separate to the ground floor Cocktail Bar. Furthermore there is a Function Room/Club for private hire and corporate events in the basement. This area is also used as a club on Fridays and Saturdays and has a fully fitted bar/sound system/dance floor. The surrounding area is an established and thriving restaurant, bar and nightclub destination. This Bar/Restaurant & Club has the benefit of a substantial trade from local financial institutions and City offices over the lunch times and evenings which also brings in parties and events from all around London and uk.
The premises currently benefits from a premises licence which allows the serving of alcohol, together with a public entertainments licence until 1 am. 3AM Licence application in place and imminent.
The premises is arranged on two levels 400sqm, comprising ground floor and basement.
Ground Floor: Restaurant, Sofa Lounge, Cocktail Bar, Tapas Bar and Disabled toilet.
Basement: Function Room/Club capacity up to 100 people, Customer Toilets, Kitchen, Staff Room/Toilets, Offices and multiple storage areas.

Years established: 4

Employees: 9 Full & Part Time Staff and using agency if necessary.

Trading hours: 11am-1am

Property: Leasehold

Lease terms
25 years from January 2004, subject to 5 yearly rent reviews and FRI open

Location
The premises is located on a busy main road, surrounded by offices in the heart of London and in very close proximity to Underground and Railway station. The surrounding area is an established and thriving restaurant, bar and nightclub destination.

Expansion potential
On application

Support & training
Support / Training Will provide all necessary training and all relevant contacts to allow continuity of trading.

Reasons for selling
Other business interests.