Sugar Cane Bar, 247 Lavender Hill, Clapham, United Kingdom, SW11 1JW
- SIZE
Ask agent
- SECTOR
Bar / nightclub for sale
Key features
- Close to Clapham Junction station
- Sylish bar with 2am weekend license
- 1st floor cocktail bar with up to 80 covers
- Basement night club and external areas
- Fully equipped commercial kitchen
- Energy Rating B
- Christie & Co Ref: 2457374
Description
Sugar Cane Bar is a South Pacific-themed cocktail bar and nightspot decorated to a high calbur with tiki hut booths and a bamboo cocktail bar. It serves unique cocktails, sharing platters of food ,hosts a nightclub in the basement and has a covered and heated patio area at the front of the property. The bar opened in 2007 and is an established and popular part of the late night landscape in Clapham.
LocationThe Sugar Cane Bar is located in a mixed residential/retail area on Lavender Hill, a short 5 minute walk from Clapham Junction, the UK's busiest interchange station. Set in the commercial centre of Battersea, the road hosts a number of shops and is used frequently by late night consumers using the local pubs, bars and restaurants. The venue is equidistant from Clapham Common and Battersea park and is serviced by multiple bus routes.
Internal DetailsThe 1st floor tiki themed cocktail bar has over 80 covers and capacity for up to 100 standing. Areas in the bar can be partitioned off for private bookings while the floor also features a disabled WC. The basement nightclub, recently updated to a high standard, has space for 50 seats and capacity for up to 70 standing. The basement also consists of a fully equipped catering kitchen, walk in fridge, office, WC's and storage areas.
Fixtures & FittingsAll trade fixtures and fittings in the property are included in the sale.
External DetailsThere is external seating at the front of the property with up to 20 covers. The area is heated and covered.
The OpportunityThis is a profitable and established business and the lease provides an opportunity for an experienced operator to continue its success as a going concern. Opportunities to increase the trade include making more use of the licensable hours by creating reasons to visit or book space earlier in the day, a refresh of weekly events activity in the bar and club and greater promotion of the food offering.
StaffAll staff will transfer with the business in accordance with the Transfer of Undertakings (Protection of Employment) Regulations.
Trading InformationAnnual turnover from the Feb 2023 tax year was £740k net of VAT. Detailed information can be provided following a formal viewing of the business.
Trading HoursThe Sugar Cane Bar operates Wednesday to Thursday 5pm to 12am, Friday from 4pm to 1am. Saturday 2pm to 1am to midnight and Sunday 4pm to 12am. The bar is licensed to open until 2am. A full copy of the premises licence is available on request.
Tenure‘Lock up’ ground floor and basement 25-year lease with 5 years remaining (Inside the L&T act 1954) – Landlord has agreed to extend lease on assignment. Personal guarantors and a 6 month deposit is required by the landlord. The current rent payable is £80,000 per annum.
Business RatesThe rateable value of the business, according to the VOA 2023, is £57,700. The local authority is Wandsworth Council.
Energy Performance Certificates
EPC 1Brochures
Sugar Cane Bar, 247 Lavender Hill, Clapham, United Kingdom, SW11 1JW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clapham Junction Station0.3 miles
- Queenstown Road (Battersea) Station1.0 miles
- Clapham South Station1.0 miles
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Notes
Disclaimer - Property reference 2457374-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Pubs & Restaurants. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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