Total of 18656 firms and businesses for sale today Saturday 27th April 2024
Sold. Bar & Restaurant Catering To The Caribbean Market
LISTING DETAILS
Firms For Sale ID:
34357
Vendor reference:
AC351
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£150,000
Turnover / revenue:
£78,299
Net profit / cashflow:
£10,000
Years established:
4
Number of employees:
5
Employees / staffing:
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.
OTHER DETAILS
Reason for selling:
The vendor is now looking at emigrating.
Support and training:
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.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
High End Bar & Restaurant Catering to the Caribbean Market
Superb High Street Location
Ref. AC351
Location : SW London
Asking Price : GBP150,000
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 DJs 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.
Market / Competition / Non-Competition Agreements
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.