Successful, Well-Established Bar in Heart of Walthamstow, London for Sale
Walthamstow, London
- Status
FOR SALE
- Advert ID
622203
- Leasehold: £60,000 (Stock at valuation)
- Rent: £35,000 (£2,917 per month)
- Turnover: N/A
- Profit: Not Applicable
Key Features
- Trade Gardens Available
- Fully Fitted
- Adjacent to Multiple Retailers
- Potential for Alternative Use
Business Details
St James bar for sale
A popular and trendy bar, located in the bustling heart of Walthamstow, London, is now available for sale. This well-established business has been running successfully for 30 years, with the current ownership lasting for the past 8 years. Situated on a busy street, the bar enjoys excellent foot traffic, enhanced by visible signage, and is strategically positioned near a train station which draws additional customers. Despite being in a central location, the bar experiences no competition, making it a prime investment opportunity.
Currently priced at £60,000 for the leasehold, with an annual rent of £35,000, this bar offers significant value with the inclusion of all fixtures and fittings. The venue features a well-stocked bar offering a variety of beers, spirits, and other beverages. Inside, patrons enjoy a cozy atmosphere with diverse seating arrangements and entertainment options, such as pool tables and gaming machines, alongside a vibrant and engaged clientele. The interior space is diligently secured with surveillance cameras for added safety.
The bar is close to multiple retailers and other local amenities, providing further appeal. Potential buyers are also presented with opportunities for alternative uses of the space, backed by planning consent. There are trade gardens available which can be considered for extending hospitality services. This business comes fully fitted, ensuring a seamless transition for the new owner. The accounts are available for review, underscoring the bar's strong performance and profitability over the years.
The reason for the sale is due to emigration, and the current owner is willing to offer training to the new proprietor, ensuring continuity in management. The small but dedicated team of three employees is an asset to the continued success of the business. With the potential for further growth, this bar represents a unique opportunity for someone looking to own a long-standing, successful venture in a prime London location.
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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