Small Late night Bar Club for sale in Croydon London with 5am weekend licence

An established late-night basement bar in Croydon, London, with a renewable lease expiring in 2029 is currently on the market. This business, which I have owned since its inception 13 years ago, sits in a bustling high-road location, just 10-15 minutes away from the main underground stations. The area boasts a healthy level of footfall and offices, making it a popular spot for a day time cafe as well as a venue for late-night clubgoers, hence stimulating healthy competition among nearby establishments.

The leasehold price of the bar is £69,500, and it currently holds a turnover of £150,000, although I am open to the nearest offer. The business presents an exciting scope for expansion as I step away due to my other business commitments. With the right investment of time and focus, the new business owner could significantly improve the bar's growth and success. 

Included in the sale are all fixtures and fittings. Also, the bar's operating license allows it to operate until 5am, with weekday operation until 4am. This presents a fantastic opportunity for anyone looking to operate a late-night bar, as the license permits alcohol sales until late. Furthermore, three part-time employees, who are fully integrated into the business operation, would aid in a smooth ownership transition.

I am selling the business due to my other business interest located in a different area. Balancing between managing the two is becoming challenging, so the new owner would undoubtedly bring significant benefits to this business. Also, there's an opportunity to increase the bar's digital footprint through online marketing and strategic use of social media platforms. 

We are committed to ensuring a smooth transition and are willing to offer training opportunities to the new owner. For more comprehensive information about this business opportunity, please feel free to contact me.