Licensed restaurant and bar with basement nightclub in City of London available for sale

Description

The business currently averages £30,000 per week with an approximate gross profit of 60%. It holds a 5-star hygiene rating and offers outside seating for 20 people.The double-fronted, air-conditioned premises extend to approximately 1,130 ft² and include laminate flooring and LED lighting. The main dining area features a customer waiting space and seating for 60 people. The bar is equipped with an electronic cash register, under-counter fridges and freezer, ice maker, wash hand basin, and a 2-group coffee machine with grinder on lease. Customer facilities include separate ladies’ and gentlemen’s toilets.The kitchen is fully fitted with a stainless steel extractor, hob, oven, grill, microwave, deep fryer, pizza oven, four fridges, two freezers, stainless steel preparation tables, pizza topping station, and double sink. A store room is also included.The basement extends to approximately 1,300 ft² and operates as a bar and nightclub. It includes a fully equipped bar with cash register, fridges, ice machine, sound system, DJ booth, and dance floor. Seating is available for 80 people, with additional ladies’ and gentlemen’s toilets, an office, walk-in cold room, and two store rooms.The sale includes a secure renewable lease, goodwill, fixtures and fittings for £299,500 plus stock at valuation. A substantial loan is available to an approved applicant.