Traditional Pub in Central London For Sale

Situated in a parade, excellent trading position, close to Underground Station, office and residential area, CITY OF LONDON

Turnover £ 20,000
Price £200,000

Features

Well Fitted Traditional Pub (Free of Tie )

6 DAYS OPENING

PREMISES LICENCE FOR 350 PEOPLE

DOUBLE FRONTED PREMISES in the region of 3,000 ft² with wood strip floor, ceiling with led lights. Bar, EPOS till, 36 beers on tap, 5 drinks display fridge (glass fronted upright double-door), dishwasher, glass washer, ice machine, CCTV system (20 cameras, 1 monitor).

Tables and chairs providing seating for 150 People.

Disabled Toilet with w.c. and wash hand basin.

Stairs to Basement in the region of 1,775 ft²

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

Private Lounge With Additional Bar with EPOS till, 12 beers on tap, 3 drinks display fridge (glass fronted upright double-door), dishwasher, glass washer, ice machine

Tables and chairs providing seating for 100 People.

2 x Office
CCTV Room
Cloakroom
Staff Room
Cellar
2 Stock Rooms

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor on a management basis with 6 full time staff & 4 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 11am - 2am

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2023 with reviews every 5 years (next review 2028) at a current rent of £90,000 p.a. + VAT

Business Rates from April 2023 £20,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2023, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £200,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 100,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote