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Century-Old Trendy Bar with Guesthouse in Prime North London, Enfield for Sale

Enfield, London
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  • Status

    FOR SALE

  • Advert ID

    629080

  • Turnover: £150,000 (£2,885 per week)
  • Net Profit: Not Applicable

Key Features

  • Established Business
  • Small Business
  • Town Centre location
  • Open Plan Trading Area
  • Trade Gardens Available
  • Nil Premium
  • Fully Fitted
  • Adjacent to Multiple Retailers

Business Details

Small trendy bar, enfield North London

Historic Bar for Takeover – A Prime Opportunity

Enfield Town Centre hosts a unique opportunity to own and operate a historic bar with over 100 years of legacy. Situated in a prime corner location in North London, this bar offers untapped potential for revitalization under new management. With a current operation of four evenings a week, the venue is poised for growth and requires a visionary owner to rejuvenate its presence in the local scene.

Key Features & Facilities

This fully operational venue comes complete with a till system, fridges, draft lines, and stock. It features a small outdoor garden space and holds a late license valid until 1:30 AM on Fridays and Saturdays. Notably, while it maintains third-party exclusivity for draft and bottled beers, it offers freedom in sourcing spirits and soft drinks. The business can be operated under a license agreement or partnership, ensuring a streamlined transition without subletting complications.

Added Benefits

The property also includes 10 letting rooms operated as an established guesthouse by the current owner. Utility costs are shared between the bar and the guesthouse, ensuring fair expense distribution and increasing the venture’s commercial appeal.

Ideal Candidate Profile

The ideal new owner should possess hands-on hospitality or bar experience, sufficient working capital, and positive references. A passion for community engagement, events, and marketing is essential to rebuild and expand the bar’s reputation within the local community. Enthusiasm for taking on a long-standing business with significant potential for growth is crucial.

Contact Us

We invite serious inquiries only. If this sounds like the opportunity you have been waiting for, please reach out to discuss further.

Advantages of the Location

Situated at the end of the High Street, the bar benefits from nearby amenities such as shops, restaurants, and public services, which attract customers. While the area has other bars and pubs, the stylish interior design, modern chic ambiance, and attractive outdoor façade offer a competitive edge. Despite being under recent ownership for 23 years, the bar offers extensive history and promise for a revitalized future.

Additional Information

The fully fitted establishment is adjacent to multiple retailers, increasing foot traffic and visibility. While there has been no recent turnover increase, the bar's potential is substantial. Training opportunities for new owners are available, ensuring a smooth transition. Currently, the business is supported by two part-time employees, and while it lacks an online presence, this is an area ready for development.

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Stay Safe

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.

Stay Safe

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.

Stay Safe

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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