High End Bar & Restaurant Catering to the Caribbean Market –
Superb High Street Location
Location : SW London
Asking Price : £150,000
Turnover : £78,299
Net Profit : £10,000
Gross Profit : £59,507
EBITDA : Undeclared
Net Asset : £8,000
Premises : Leasehold
Confidentially offered for sale
Turnover circa £78,299 per annum (takings for 2 days per week)
Gross Profit c£59,507
Net profit c£10,000 plus
Net asset value c£8,000
Operating with full late licence (3am)
Well-appointed bar and lounge area
Opportunities for future growth
Superb busy high street location in SW London
Quality fixtures and fittings
Fully equipped commercial kitchen and bar
Established in 2012, this unique high end bar/restaurant has established itself as a little treasure with a calm laid back atmosphere. The vendor of this well established venue currently opens the doors on just Friday and Saturday night. The premises are operated to a very high standard and have a valuable late weekend license allowing it to stay open until 3am at weekends and until 1am on weekdays.
The location of the bar/restaurant is superb, being in a very busy location in SW London. Customers can step into a unique Caribbean dining experience, where the food is reasonably priced and great quality while listening to the resident DJ’s music into the early hours. This venue has quickly established itself within the local area and also attracts a diverse range of customers from further afield using social media, with many becoming regulars.
The bar/restaurant attracts a varied range of customers with a high percentage being from the wealthy 40+ Caribbean sector.
The business has built an enviable reputation for offering a truly unique Caribbean experience with the resident DJ offering on trend music to customers into the small hours.
The premises encompass a relaxed atmosphere with staff offering a friendly service. Every effort is made to produce consistently high quality authentic Caribbean food.
Staff pay strict attention to service and are polite and sociable resulting in high levels of repeat business and customer loyalty in the area. This is the case for both the bar and restaurant.
The business has many strengths; not least it’s late licence and emerging reputation. The market outlook for the business is constant. It cannot be stressed enough that the bar/restaurant benefits greatly from its very high profile location and is very well respected within the community.
Due to its desirable location the bar enjoys high levels of awareness and footfall. The unique atmosphere results in high levels of repeat business and strong word of mouth recommendation, bearing testimony to the excellent reputation it enjoys throughout the area.
Located in a busy area, the opportunity is available to open on the extra week days, which would provide a growth in profits for the business. Investment in additional marketing, including a website to showcase the DJ, his music and the Caribbean food/drink menu on offer could attract more customers.
The business is being offered for sale on a going concern basis: all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
Turnover circa £78,299
Gross Profit c£59,507
Net profit c£10,000 plus
Net asset value c£8,000
The Asking Price of £150,000 is for 100% of the issued capital of the company, assuming Net Assets of £10,000 on completion (calculated on a zero cash-zero debt basis).
The bar uses social media to entice local customers and customers from further afield. Due to its popular and busy location plus the late licence the bar has not felt the need to use extensive marketing. A website could prove advantageous in the future.
The leasehold premises are located in SW London on a busy high street location. There are 8 years remaining on the existing lease. The annual rent is £30,000.
The building comprises a well fitted ground floor L shaped bar/restaurant that has a classy contemporary look. The building is very secure with 8 CCTV cameras installed. All main services are connected.
Now Open on
Friday 10pm - 1am
Saturday 10pm – 3am +
The late licence covers the full week.
Monday – Friday: 10pm - 1am
Saturday – Sunday: 10pm - 3am +
It is the vendors choice that the venue currently only opens Friday and Saturday.
The owner works in the business and employs part time staff including 2 x security staff, 2 x bar staff and a resident DJ for the two nights the bar opens.
The owners will provide full business familiarisation, training and handover as required, to ensure a smooth transfer of the business to new owners. The length of time can be negotiated at the time of sale.
The vendor is now looking at emigrating.
Energy Performance Rating x
Please contact us for a copy of the EPC if required
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