Events Business For Sale

Description

Events, Functions and Banqueting Venue for Sale – East London

An established and fully licensed events and banqueting business is available for sale in East London, offering significant growth potential for a full-time operator. The venue is currently run on a part-time basis, hosting a limited number of events each year, yet still generates a strong annual turnover, highlighting the untapped opportunity within the business.

The premises are fully licensed to trade until 1:00 am and benefit from A3, A5, and alcohol licensing, making the venue suitable for private events, weddings, and banqueting, as well as operation as a restaurant or late-trading hospitality concept.

Business Overview

The business is reported to generate turnover of approximately ?100,000 per annum while operating part-time, with around 19 events held each year. This equates to fewer than two events per month, leaving clear scope to increase revenue through more frequent bookings, weekday trading, corporate functions, or conversion to full-time restaurant use.

For an experienced operator, the existing infrastructure provides a strong base for expansion without the need for major capital expenditure.

Key Features

• Fully licensed events, functions, and banqueting venue
• Late licence until 1:00 am
• A3 and A5 use, allowing flexible food-led and mixed-use concepts
• Alcohol licence in place (0100)
• Seating capacity of approximately 65 to 70 covers
• Fully fitted commercial kitchen and dedicated bar area
• First-floor accommodation included
• Total internal area of approximately 1,250 sq. ft

Lease Details

• Leasehold tenure
• Original term: 16 years
• Approximate remaining term: 14 years
• Asking price: ?39,995 (reduced), plus stock at valuation (SAV)

Expansion Potential

The current part-time operating model significantly understates the venue’s capacity. A full-time operator could increase turnover by expanding event frequency, adding weekday trading, introducing regular restaurant service, building wedding packages, and targeting corporate and private hire markets. The combination of late licensing, a fitted bar, and a commercial kitchen supports multiple revenue streams from one site.

Reference

Ref: C3084