Established Seafood Restaurant and Cocktail Bar for Sale in London's Bustling Exmouth Market

Description

Well-established restaurant and cocktail bar available for sale in the historic market area of London. The business operates in a busy location surrounded by shops and restaurants. The premises have been fully refurbished including all kitchen equipment, new furniture, renovated ceiling, walls, floors, electrical wiring, and toilets. The ground floor provides seating for 30 to 36 people, the basement accommodates 10 to 14 people, and there is an outside area with 10 tables for 20 people. The outside market space is licensed for street trading in front of the restaurant Monday to Friday from 10 am to 4 pm. The asking price is £160,000. The lease has five years remaining with renewal options, and the annual rent is £37,500. Business rates are approximately £8,000 per year. The business includes an alcohol license allowing operation from 9 am to 11:30 pm daily.