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DESCRIPTION:
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LOCATION: Situated on a main busy high street in North London providing good transport links. Many buses pass by regularly.
DESCRIPTION: The premises were completely refurbished and refitted throughout a few months ago. This included rewiring, fire-alarm, decoration, superb granite bar area and lighting. There are 2 hold/cold a/c units. There are two entrances to the front including fully retracting timber doors. Viewing comes highly recommended.
EQUIPMENT: Fully fitted bar area including 2 touch screen tills, 3 under-counter drinks fridges, glass washer, ice machine, and 3 pumps. There are two 42” LCD screens used for Sky and music. Monitored burglar alarm and wireless CCTV. There is modern black bar and lounge seating for at least 50.
BUSINESS: There is excellent potential for this business as it is currently open very restrictive hours (16.5hrs/week), is staff run and in a relatively affluent area. Nevertheless the business remains profitable and is taking up to £2,500 p.w. Under the hands of a dedicated owner with good marketing there is potential to double this. There are currently 3 part-time staff employed earning c£330 per week. There are licences in place for live/recorded music, dance and live entertainment (capacity for 90). As there is also an A3 licence in place, there is good potential to open earlier as a cafe-bar and to serve hot food for the morning/lunch trade.
HOURS: Currently only open 8pm-1.30am Thu/Fri/Sat (latest licence on the high street). Also has licence to open 7 days from noon to 12.30am as well.
ACCOMM: There is no residential accommodation.
TENURE: New lease commenced in November 2009 for a term of 20 years at a rent of £24,000 p.a with reviews every 5 years (renewable). 3 month deposit held by landlord.
RATES: Business rates payable are approx £5,250 p.a.
NEGOTIATIONS: Strictly through Abacus Business Sales on 020 8144 7999
UP TO 100% FINANCE GIVEN to you when you buy this business with very low monthly payments (subject to status).
Visit www.AbacusBusiness.co.uk for lots of other businesses for sale NOT SEEN ANYWHERE ELSE.
PLEASE REGISTER with us right now so we can arrange a viewing for you today.
WE WILL SUPPLY YOU FULL DETAILS AND ARRANGE A VIEWING FOR YOU WHEN WE RECEIVE YOUR COMPLETED REGISTRATION FORM.
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