Bar & Restaurant With Disco For Sale

Business description

Restaurant and Bar with a Disco entertainment, currently serving South American cuisine but décor allows for conversion to any type of cuisine. The business benefits from a Music License, Entertainment licence and Late licence. (Late license until 6am Friday, Saturday and Sunday.)

Run by the current owner for the past 18 years having built up a fine reputation in the area.
Advised turnover £7,500-£8,500 per week working on a gross profit of c65%.

Property information

Property:

Leasehold

Lease terms:

New lease to be granted, terms to be agreed. Rent £40,000 per annum. Rates c£2,800 pa.

Leasehold rent:

£40,000 per annum

Location:

Busy high street position in North/Central London in a vibrant area close to the Almeida theatre and many other restaurants and bars attracting trade to the district.

Premises details:

Lock up shop Ground Floor and Basement with half glass frontage and fully air conditioned.

Restaurant area to the front, seating 75-80 covers well fitted with wood flooring, wood tables and chairs. Fully equipped drinks bar to the rear of the restaurant with built under fridges and units. Disco area, tiled flooring, accommodating 75-90 people, equipped with disco equipment and flat screen television.

Kitchen to the rear of the property with tiled walls and flooring, equipped with a charcoal grill, 6 ring gas hob/oven, singly fryer, stainless steel work tops, stainless steel sink, various fridges and freezers and stainless steel wall cladding and stainless steel extractor fan by cooking area.

Fully tiled Ladies and Gent’s cloakrooms.

Basement: Accessed via internal stairs leading to stockroom.

Other information

Trading hours:

Lunch & Evenings seven days a week.
Closing times: Sun, Mon & Tue 1am, Wed 2am, Thurs 4am, Fri & Sat 6am.