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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Excellent main road trading position, NORTH LONDON (Please register to make appointments and view addresses)

Full On Licence. Late Night Licence to 2 a.m. plus Entertainments Licence

SPACIOUS LICENSED BAR/RESTAURANT the front area can be open front (weather permitting). Front area with woodstrip floor with ceramic tiled floor. Tables and chairs providing seating for 55 persons (can be increased to 60 persons, if desired). We understand the premises are licensed for up to a maxium of 100 persons. Air conditioning/heaters. Chandeliers plus hanging lighting. Upright attractive glass fronted display fridge (used for wines or cakes).

Full DJ equipment plus computer. Stage for 5 piece band. Stage lighting.

Live DVD recording system, projector and wide screen

Bar with wooden front, 7 hand pumps, 3 double door glass fronted counter fridges, glass washer, ice machine, fridge, 2 sinks etc.

Level kitchen with tiled floor, large grill, 6-burner gas cooker, double deep fryer, 1 upright stainless steel deep freeze, 3 door stainless steel counter fridge, sink, wash handbasin, additional fridge, commercial microwave oven etc.

Ladies' cloakroom with 3 w.c's plus 2 wash hand basins
Gentlemen's cloakroom with w.c. 2 urinals, 2 wash hand basins

Walk-in coldroom plus storage cupboards

WE ARE INFORMED the turnover averages £7,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. (We understand the split of turnover is approx. 60% wet sales and 40% catering). Gross profit 65% approx.

The business is at present operated by a lady vendor with the assistance of 4 full time and 6 part time staff. Wages paid £1,400 p.w. plus the supply of music costs. The present owner does employ live entertainment at weekends plus DJ's etc.

Monday - Thursday inclusive - 5 p.m. - 1 a.m.
Friday - 5 p.m. - 2 a.m.
Saturday - 10 a.m. - 2 a.m.
Sunday - 10 a.m. - 12 a.m.
The site is also ideal for daytime functions including parties and weddings, if desired.

The vendor owns the freehold and subject to satisfactory references is prepared to grant a new 25 years full repairing and insuring lease at a rental of £22,000 p.a. exclusive of rates for the first 5 years, with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £5,500 p.a. approx. + water rates

OUTSTANDING OPPORTUNITY TO ACQUIRE A PROFITABLE LICENSED BAR/RESTAURANT IN THIS EXPANDING AREA WITH MANY ADDITIONAL HOUSES BEING BUILT NEARBY.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

OFFERS INVITED TO INCLUDE THE NEW LEASE, GOODWILL, FIXTURES & FITTINGS £135,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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