| | Advert Details | | | Very Profitable 4am Clapham Bar Leasehold or Freehold For Sale | |
Advert ID: 906625 | | | Clapham, London, United Kingdom | |  | | Financials | | | Asking price: | £180,000 | | Sales revenue: | £635,000 | | Net profit: | £85,000 | | Furniture / Fixtures value: | £10,000 | | Inventory / 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 |
| | | General information | | | 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 | | | | | 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 find a professional adviser, click here | |
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