Business for sale

Business description

We are informed the turnover averges £4,000/£4,500 p.w. wet sales only. In our opinion offering tremendous potential for further increase, especially with the introduction of catering. Gross profit 60% approx.


Price: OFFERS INVITED TO INCUDE THE VALUABLE FREEHOLD PROPERTY, TO INCLUDE THE 4 SELF CONTAINED FLATS OVER, GOODWILL, FIXTURES & FITTINGS IN EXCESS OF £1,000,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO APPROVED APPLICANT


Features: Ground Floor - 2 entrances to -

Spacious Bar newly refurbished to a high standard. New air conditioning. Carpeted, brick facia bar with wooden servery. Electronic cash register, 12 hand pumps, new glasswasher, new ice machine, 2 double door glass fronted counter fridges, upright glass fronted beer fridge. Tables and chairs plus bar stools for 40/50 persons plus ample standing.

Ladies' cloakroom with w.c. and wash hand basin
Gentlemen's cloakroom with w.c. 3 urinals, wash hand basin

Additional Bar area, all refurbished to a high standard with solid woodstrip floor. Air conditioning. Bar with hand pumps, electronic cash register, glass fronted double door fridge, attractive upholstered bench seating. 3 tables plus bar stools providing seating for 25/30 plus ample standing.

There are a total of 3 plazma screens and the business has Sky Television.

Additional Gentlemen's cloakroom with tiled floor, w.c. 2 urinals, wash hand basin.

To the rear of the main bar there is a level kitchen with tiled floor. The equipment includes solid top Lincat gas cooker with oven, double deep fryer, electric cooker, stainless steel extractor unit, fridge/freezer etc.

Level Beer Cellar


Staff: The business is at present mainly staff operated with 2 full and 2 part time staff employed. It will be appreciated upon inspection that with an active husband and wife team, the wage bill could be reduced.


Opening Hours: Monday - Saturday inclusive - 11 a.m. - 11 p.m.
Sunday opening - 12 noon - 10.30 p.m.


Accommodation The living accommodation in the form of 4 flats over, comprises:

First Floor - 2 Self Contained Flats each with full gas fired central heating and comprising:

1 Double Bedroom
Shower room with shower, w.c. and wash hand basin
Attractive living room with fully fitted kitchen area

We understand the 1 bedroom flats are at present let on shorthold tenancies at a rental of £730 per month, however, we understand that vacant possession can be given on completed if required.

Second/Third Floors - 2 Flats, again with full gas fired central heating, all newly refurbished and moderised to a high standard, each comprising:

3 Double Bedrooms
Bathroom with bath, w.c. and wash hand basin
Large Lounge with fitted kitchen area

We understand the 3 bedroom flats are at present let on shorthold tenancies at a rental of £1,150 per month each, however, we understand that vacant possession can be given on completion, if required.


Tenure Uniform Business Rates: £7,000 p.a. approx. + water rates (metered)

OUTSTANDING OPPORTUNITY TO ACQUIRE A SPACIOUS FREEHOUSE WHICH IN OUR OPINION HAS TREMENDOUS POTENTIAL FOR FURTHER DEVELOPMENT IN THE RIGHT HANDS.

THE BUSINESS IS SITUATED IN A DENSELY POPULATED AREA WITHIN CLOSE PROXIMITY OF WEMBLEY.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED


Reference : H7702