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Popular Stylish Wine Merchants Bar/restaurant Waterloo & Tooting Market In London For Sale

London, UK
Asking Price:
£125,000
Turnover:
£693,500
Net Profit:
Undisclosed

Business Overview

New Broad Street presents an exceptional chance to acquire UNWINED, a stylish, well-established wine bar, restaurant, and merchants’ business with a standout brand and reputation. The current owners met at Jamie Oliver's Fifteen, sharing a passion for food and wine, and have since aimed to make wine accessible for everyone.

Unwined operates from two prime locations: a beautifully fitted spacious wine bar/restaurant, with an open fronted commercial kitchen, in the prime location of Waterloo’s Lower Marsh and a wine bar/tasting room focused space within the heart of Tooting Market. Both locations benefit from very high footfall and a loyal customer base.

The sale is due to the owners' relocation and personal commitments, seeking new ownership to continue business growth.

N.B: Due to the number of current staff, the owners have requested scheduled meetings only and under no circumstances should interested parties visit the business unannounced or speak to staff regarding the sale.

Locations

UNWINED – Waterloo, Lower Marsh

Features:
o Wine bar & restaurant with a full commercial kitchen, situated in the vibrant creative market area of Lower Marsh Waterloo, filled with independent shops and consistent heavy footfall.
o Indoor booths covered heated terrace, and extensive outdoor seating.
o Launched in-house food offerings in 2023, featuring small plates and a curated experience menu with wine pairings.

• Lease: New lease to be assigned on purchase.
• Rent: £27,300 P/A.
• Trading Hours: Mon 3pm-10pm, Tues-Fri 4pm-11pm, Sat-Sun Closed.
• Licensed Hours: Sun-Thu 9am-11pm, Fri-Sat 9am-Midnight.
• Capacity: 46 inside, 30 seated/40 standing in terrace, 36 outside (renewable pavement license).

UNWINED – Tooting Market

Features:
o Wine shop/bar/tasting room with an informal, relaxed atmosphere.
o Unique collection of wines from small producers globally.
o Tasting nights, supper clubs, and wine tasting events.
o Tasting flights with trio portions and pairing options.

• Lease: Rolling monthly lease.
• Rent: £1,180 inc Service Charges.
• Trading Hours: Sun-Tues Closed, Wed 12pm-9:30pm, Thu 12pm-10pm, Fri-Sat 12pm-11pm.
• Licensed Hours: Mon-Sun 9am-11.30pm.
• Capacity: 30.

Events & Social Media

Unwined is available online via their well-designed and stylish website, offering an extensive selection of wine and wine tasting kits. Their USP has always been about making wine more fun and accessible

• Events: Fun, accessible wine tastings, both in-person and virtual, appealing to various wine knowledge levels.
• Online Presence: Stylish website with extensive wine selections and tasting kits. Engaging themes such as Wine About the Weather, Women in Wine and Shine like a Star.
• Social Media: Over 8,400 followers combined on Instagram, with strong Google reviews (4.6* / 4.9*).

Additional Resources

Comprehensive guides and protocols covering tasting/training notes, menus, HR systems, health and safety, event guides, recipes, and more.

Location Advantages

• Waterloo Lower Marsh: Located in the historic market street near Waterloo mainline station. The area is part of a business improvement district which includes The Cut and the Old Vic and Young Vic theatres.

• Tooting Broadway Market: Bustling market near Tooting Broadway train station, well-connected with consistent customer traffic.

Growth Potential

• Potential to enhance the business as a bolt-on to an existing chain.
• Opportunity for a new site in SW London in September 2024.
• Extend operational hours to match licensed hours.
• Build on social media presence and marketing efforts.

Financial Profile

• Turnover:
o Waterloo: £424,167
o Tooting: £269,459

• Additional Financial Details: Available upon request.
• Full Inventory included in the sale available on request: Combined sites value in the range of £17,500

Contact Information
For further details and to discuss this business opportunity, please contact Charlotte Arden at New Broad Street.

Property Information

Property:

Leasehold

Lease Terms:

Leasehold