Bar / Nightclub for sale

7 Genotin Road,Enfield,EN1 2AA

579 sq. ft. | £185,000

Property Description

Commercial information

  • Business for sale
  • 579 sq ft (53 sq m)

Key features

  • Modern, elegantly designed front of bar
  • Dance floor area
  • Small stage with lighting
  • Modern male and female toilets
  • Separate washing up room
  • Storage area
  • Brand new lease for 15 years taking us up to 2031

Full description

Tenure: Leasehold

Location:

The wine bar enjoys an enviable position on a busy main road, directly opposite a main railway station that travels directly to the heart of London. The bar is located in the centre of a busy town, and is close to several car-parks. A bus depot is due to be relocated close to the bar within the next three years. Enfield town is situated in north London in the London borough of Enfield and is home to 500,000 people.

Turnover:

The vendor advises turnover as 200,000 per annum (based on only two days trade a week) company accounts up to date and available at request.

Premises:

The single fronted premises of traditional brick construction has an entrance which leads to a modern, elegantly designed front of bar. This also consists of two large bespoke leather seating booths costing over 3,500 each. Further on from this is a long bar with more made to order leather seating on the dance floor area, with a small stage with lighting. To the rear of the dance floor are modern male and female toilets, separate washing up room and storage area.

The bar has recently had a mini refit completed to a high standard and above the toilets is also a purpose built fully equipped DJ booth that overlooks the dance floor, and is considered a very unique addition to the bar. There is a separate door located at the outside front of the bar with stairs that lead up to a spacious two-bed accommodation which is currently being rented out to tenants at a cost of 1,200 per calendar month.

The premises is also fully air conditioned throughout and is protected by full CCTV system which is approved by the local police and authorities.

Accommodation:

There is a good sized recently refurbished self contained semi furnished two-bed flat on split levels. It has a separate bathroom, with open planned kitchen/ living room. Permission has also been granted by local council to convert the upstairs accommodation into an upstairs bar area.

Business:

This highly impressive business was transformed from an empty shell in 2002 by its previous owners and turned into one of the best local nightspots around. It has a capacity for 220 people and has an unrivalled local reputation as a thriving bar and events venue. The bar is well known for its tasteful cocktails and modern decor. The business also holds an entertainments licence and enjoys live bands, comedy nights, promoter events and private functions throughout the year.

The business also boasts a good reputation with the local police and authorities and is free of tie from any brewery.

The business is also free of any brewery tie or contractual agreement to order stock, and can purchase stock from any organisation.

Assetts:

All equipment, fixtures and fittings and furniture are included in the sale. Equipment includes:

Two ice-machines (crushed ice & normal)
Glass-washer
Four brand new fridges
One freezer Two electronic tills
Top of the range sound system throughout whole venue
All DJ equipment
Four new air-conditioning units
Black vinyl flooring
Made to order seating booths and other seating
CCTV system
Outside 3d sign

Trading Hours:

The premises is licensed from 4pm to 11pm on Sundays and Mondays, from 4pm to 12pm on Tuesdays and Wednesdays, from 4pm to 1am on Thursdays and from 4pm to 3am on Fridays and Saturdays (these times can be extended or amended by applying to the local council) The business currently only trades two days a week (Fri and Sat) with a licence to open 7-days a week. the business offers huge potential for a committed purchaser wishing to extend the opening hours and days of trade. The business also holds a food licence which can be used by any potential buyer as a massive advantage to cash in on the lucrative lunchtime food trade.

Staff:

Four bar staff and three security plus two part time staff.

Tenure:

We are advised that the current rent is 45,000 per annum. Brand new lease for 15 years taking us up to 2031. We are also advised that business rates payable are currently 10,000 per annum.

Potential:

This charming, inimitable business offers huge potential for a committed purchaser wishing to extend the opening hours and cash in on the lucrative lunchtime food trade. The business is only on the market due to the vendors change in personal circumstances. With only two days a week of trade being capitalised on the potential here is endless.

Nearest stations

  • Enfield Town (0.0 mi)
  • Enfield Chase (0.5 mi)
  • Bush Hill Park (0.8 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Enfield Town (0.0 mi)
  • Enfield Chase (0.5 mi)
  • Bush Hill Park (0.8 mi)
Distances are straight line measurements from centre of postcode

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