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High End Bar & Restaurant Catering to the Caribbean Market –

Superb High Street Location

Ref. AC351

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


  • Turner Butler

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Leasehold

Asking price includes:

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
Excellent reputation
Opportunities for future growth
Superb busy high street location in SW London
Quality fixtures and fittings
Fully equipped commercial kitchen and bar
Leasehold property

Business Profile

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.

Clients:

The bar/restaurant attracts a varied range of customers with a high percentage being from the wealthy 40+ Caribbean sector.

Customer Service:

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. 

Key Strengths:

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.

Key Opportunities:

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.   

Financial Information: 

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

Asking Price: 

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).

Advertising and Marketing:

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.

Premises: 

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. 

Business Hours: 

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.

Employees:

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.

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.

Reason for Sale:

The vendor is now looking at emigrating.

EPC

Energy Performance Rating  x

Please contact us for a copy of the EPC if required 

Looking for finance ? 

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

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Turner Butler
Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 01895 25 6000 Facsimile 01895 678532
info@turnerbutler.co.uk
www.turnerbutler.co.uk