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Bar / restaurant priced for A quick sale !
Licenced to sell drinks and food
Trendy spot under the arches
Low rent, only £1109 pcm
Six year lease with five years remaining
No business rates to pay !
Great potential to increase turnover and profit
Priced for A quick sale ! You could be in for a bargain ! Are you looking for a great business opportunity with relatively low overheads ? Do you have a cherished dream to own and run your own unique bar or restaurant in a well known and busy part of London? Well, then this could be the ideal opportunity for you to transform your vision into reality.
Nestled in a trendy part of Forest Gate E7 and close to transport links this attractive spot under the Arches could be the business opportunity that you have been waiting for.
• This business, currently operating as ‘Johnny Rocco's Bar’ comes with the all important license to serve drinks and food. • The rent is a very competitive £ 1109 per month. The floor area is approximately 70 sq meters ( 753 sq ft ). Six year Lease with five years remaining. • Crucially, there are no business rates to pay, saving you on average £6,790 for this area. Further more no gas bill or water bill. Average electricity bill according to current owner is on average £90 per month. • The deposit is equivalent to 3 months rent. • The current owner, due to personal circumstances, only opens the current business on Thursdays (3pm to 10pm), Fridays (3pm to 10 pm) and Saturdays (12 noon to 11pm) and based on this limited opening, reports a turn over on average of £1000 per week. He is also offering a limited bar menu. • This is a business that you can put your unique stamp on and profit from the clear potential of extended opening hours and variety of menu on offer. • The current owner is selling because he needs larger premises for his existing catering business. • He has built up a list of clients and contacts that he is happy and willing to share with you.
The current allowed opening an licensing hours are as follow: Open from Monday to Friday 8am to 11pm with alcohol license up to 9pam. Saturday open from 8am to 11pm with alcohol license up to 11pm. Sunday open from 8am to 6pm with alcohol license up to 6pm.
This is an opportunity not to be missed ! The owner is keen to sell and open to genuine offers. Please contact Ash Mann on to arrange a visit for you to see the premises and great business potential for yourself.
We look forward to meeting you.
All details and information contained in this document have been compiled following visits to the premises and analysis of the business. However, Open House Estate Agents does not accept liability or responsibility for the accuracy or completeness of the information. Potential purchasers are advised to conduct their own due-diligence in relation to this business before entering into any contract of financial agreement with the business vendor. Tenure: Leasehold
For more information about this property, please contact Open House Nationwide, WA2 on +44 20 7768 7005 * (local rate)
Contact Open House Nationwide about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Open House Nationwide, and do not constitute property particulars. Please contact Open House Nationwide for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.