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AC215 -North West London- £285,000-Attractive and lively Cocktail lounge for sale in North West London, UK

North West London, UNITED KINGDOM - UK (UK)

Asking Price: Gross: Cash Flow:
£ 285,000 £ 300,000 Undisclosed

Business Summary:
Attractive and lively Cocktail lounge Ref.AC215 Location North West London Asking Price £285,000 Launched just over two and a half years ago, this independent, fun loving cocktail lounge is ideally located in a prominent position in this affluent North West London suburb. Converted from an almost derelict building – formerly an Indian restaurant, this business is located within easy reach of both the West End and the City and has rapidly attracted a dedicated following amongst a more mature, twenty and thirty something affluent target audience that live in the surrounding area, giving them a compelling reason to stay closer to home on their evenings out. Open evenings only, throughout the week, whether for a lively celebration – or simply to enjoy cocktails with friends, this outlet gives customers all they are looking for in a sophisticated and stylish setting. Spread over two floors, the décor is stylish, contemporary and has plenty of comfortable seating. Lively and popular, this outlet offers a classic cocktail bar with a huge range of cocktails, each one made to the right specification. This business also offers an extensive snack and light bites menu providing a wholesome range of food ready to fill the biggest of appetites.

 

   
Year Business was Established: 2006
   
Facilities / Terms of Lease: With all the necessary licenses, the premises are leasehold with approximately 12 years remaining and include residential accommodation to the First Floor which - 6 individual bed sitting rooms with shared bathroom and toilet facilities. The residential accommodation currently generates approximately £15,000 per annum in rents.  
   
Potential Growth/Expansion: N.A.  
   
Competition: Aware that every bar needs to develop its own core following to really ‘take off’ and the enormous marketing and advertising expense that that can incur, this business works closely and very cost effectively to build relationships with its customers to encourage them to return through its doors using on-line community and networking sites to communicate with its customers outside its normal operating hours. More broader advertising and promotions have involved highly targeted local radio sponsorship and promotional campaigns and ambient media opportunities in the local catchment area.  
   
Owner willing to train: The owner will provide full business familiarisation, training and handover.  
   
Reason for selling: Haven established the business and taken it to its current stage the Owner feels it is time to pass it across to new owners to build on the excellent foundations already laid.  
   
Seller Reference Number: AC215
BusinessMart.com Listing Number: 67029
 

 

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For more info contact:

Andrew Hudson

Turner Butler
0044 1895 25 60

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