Licenced Bar & Restaurant In East London For Sale

Description

Three-phase electricity. Forecourt providing seating for approximately 60–80 people. Five-star hygiene rating. Single-fronted premises measuring around 2,250 sq ft, fitted with electric shutters, concrete flooring, and a combination of hanging and spot lighting. The bar area includes seven taps, glass washer, ice machine, refrigerators, and a freezer. Tables and chairs provide seating for 45 customers, with scope to increase capacity. CCTV system installed with five cameras. Kitchen facilities comprise a stainless steel extractor unit, tandoori oven, electric cooker, two-pan deep fryer, induction cooker, refrigerators, freezers, dishwasher, and preparation tables. Toilet with WC and wash hand basin. Basement of approximately 765 sq ft incorporates an additional bar and function room, along with ladies’ and gentlemen’s toilets with WC and wash hand basin. A mezzanine level provides office space, together with a stock room. Location: situated close to a railway station in East London. Turnover: we are informed by the owner that current takings average £5,500 per week, with an approximate gross profit margin of 65% (limited deliveries). Staffing: the business is currently operated by two brothers, supported by three chefs, two porters, and five part-time members of staff. Price: to include the secure renewable lease, goodwill, fixtures and fittings at £200,000, plus stock at valuation. Substantial loan available to an approved applicant.