An opportunity to acquire a bar/cafe offering a turnkey solution on Bedford Street just off Covent Garden. The purchase is for the going concern which includes all intellectual property, goodwill, equipment and stock.
The business has traded for four years and has had over £400,000
invested into revamping and renovating the venue.
All assets are unencumbered and there are 7 staff.
There is an opportunity to purchase the long lease (999 years virtual freehold) with the purchase of the business.
The business is currently owned by a well-regarded barrister whose legal commitments have limited his involvement and the business needs some energy. It has a loyal client base but it needs a more hands on approach and presents a strong opportunity for growth.
With the right experience, focus and energy, it has the potential to generate annual revenues exceeding £1 million.
The annual rent is £60,000 and a new year 10 lease will be issued. If you are interested in the virtual freehold a deal can be agreed in the region of £700,000.
Please enquire for more information including financials.
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