Leasehold Wine Bar
Business for sale
Asking Price:
£99,500
Turnover:
£104,000
Annual profit:
£48,672
Audited accounts:
Yes
Management accounts:
Yes
Years trading:
17
Employees:
No
Photos:
No
Ownership:
Limited company
Business description
Ref: r309Property: Leasehold
Description
Well established wine bar with full on and off licence. Fully equipped to trade with 30 covers, the business forms part of a large parade serving an affluent residential area. Accounts show £2,000 pwk @ 60% GP (Wet sales only) on 5 day trading pwk only. Obvious potential for food sales and 7 days pwk trade. Lock up.
Terms of the lease/leasehold
15 years lease. Rent £12,000 pa (5 year reviews)
Reasons for Selling
The business has been in the current vendors hands for the past 11 years and is now for sale as he requires a change.
Trading Hours of Business
4pm - 11pm Tues to Sat Closed Sun & Mon