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Fine-Wine Bar & Merchant with Online Shop

London

Advert ref: 5615DC

This well-established upmarket wine shop sells high-quality Fine-Wines that have been directly imported and are not usually available on the high street, as well as imported Olive and Truffle Oils and a selection of Craft Ales,
The business enjoys a loyal, local client base of young professionals willing to pay more for quality products, and could provide a strong basis for expanding into distribution to London’s extensive catering market. 

The kitchen is also currently being let out on a short-term basis for £300 pcm.

Key features:

  • Fine-Wine Shop, Bar & Kitchen 
  • A3 Planning Permission with Permanent On and Off-licence
  • .London website featuring an online shop
  • The kitchen is currently being let on a short-term basis, earning the current proprietor £300 pcm
  • A young, professional & local client base, willing to pay premium prices for quality & knowledgeable service
  • Direct Importers with strong links to 15 Wine Producers, cutting out middlemen
  • Scope to expand into a Distribution business, supplying caterers across London

Property Details: Leasehold
Asking Price: £130,000 (Leasehold)
Turnover: £305,000 Annual
Location:

Thriving market street with high footfall 

Premises Details:

Single aspect shop, with a bar area and kitchen to the rear

Size in Sq Ft: 961
Planning Consent:
A3 Planning Permission and Permanent Alcohol Licence for On and Off-trade

Lease Terms:
We are advised that there was a 20-year Full Repairing Lease granted in 2014, with 1 rent review and lease break due in 2027
We are further advised that this Lease is protected by the 1954 Landlord and Tenant Act
We understand that the Rent paid in 2021 was £12,528, with an additional £800 Buildings Insurance

Reason For Selling:
The vendor wishes to relocate to Italy

Fine-Wine Bar & Merchant with Online Shop London

Financial Details

  • Leasehold: £130,000
  • Turnover: £305,000 Annual
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