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BAR – MARYLEBONE

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Description

A1 Bar/Cafe sold in Lisson Grove.

Marylebone Properties International sold Sky Cafe & Bar in lisson grove. The A1 business was first opened around 9 years ago. Our client are now looking to sell due to the desire to concentrate on other business interests.

The business runs as a coffee shop and selling a fantastic range of delicious home made foods.

They also offer breakfasts, lunches and hot and cold snacks and prime wines in the newly refurbished premises.

The business is highly popular and receives a generous amount of repeat trade and heavy footfall, thanks to the close proximity to Marylebone Station and several offices (including BNP Paribas) and schools.

The A1 coffee shop generates a healthy turnover of around £220,000 per annum.

There is further potential to boost turnover by extending opening hours and by introducing happy hours to welcome workers when the offices close.

The business closes at 5pm from Monday to Sunday. By opening later hours the new owner could look to offer an evening menu which should maximise trade.

In Addition, the coffee shop has very little competition around offering not only coffee but also a wide variety of British, Mediterranean and European delicatessens.

There is a potential to change the A1 into an A3.

 

LOCATION

Sky Café and Bar is located in Lisson Grove, Marylebone.

The business is situated on a parade of shops in a very good location close to numerous office developments and within easy reach of Marylebone Station and Marylebone Road.

The coffee shop is approximately just a moment away from Marylebone Station.

This is a popular tourist location (it connects directly to the well-know Abbey Road) allowing for heavy footfall, especially for people reaching Marylebone Station, the railways lines and the Tube.

The coffee shop is located on an arterial road in the town and next to the junction between Lisson Grove and Marylebone Road.

 

SIZE

 

Ground Floor: Approximately 500 sq.ft

Basement: Approximately 180 sq.ft.

Outside: Decked pavement area with seating for a further 4 at tables and chairs alfresco.

Small yard to the rear.

 

PREMISES

 

The business is moments away from the well known BNP Paribas Bank.

There is a terraced area for table and chairs for al fresco dining during the warmer months.

The premises benefits from a ventilation system.

The capacity of the bar is 36 seats.

 

CAFE
Beautifully presented and well-maintained café.

There are large windows to the front creating a light airy and inviting interior.

First of all, there is a wooden floor, artworks on the walls, display alcoves, modern LED lights running though the ceiling, the best LED lighted Beverage Shelves, dado rail, bar, bespoke counter area with glass fronted display, sophisticated Android Platform till, perimeter shelving, menu boards, latest Astoria coffee machine (now introduced also in Costa Cafe), coffee grinder and a hand wash basin.

A beautifully designed stair leads to the lounge in the basement, where customers get a chance to sit in a modern and elegant environment.

The floor is covered with shiny ceramic tiles and the ceiling is also a piece of design work, with LED Lights imitating the night sky, dotted with stars.

The cafe benefits from 2 fully-tiled bathrooms with Dyson Hand-Drier, luxury mirrors, on the lower ground floor.

Finally, there is also a lower ground floor where you can find the staff room and the utility room. There are also extra fridge and freezer for extra storage.

KITCHEN

Comprehensively equipped catering kitchen presented in immaculate order for A1 use.

With anti-slipping flooring, full Extraction System, 2 Commercial Microwaves, Panini Maker, 6 Slot Toaster, Holman Conveyor Grill, Perimeter Shelving, Utensil and Crockery Storage, Stainless Steel Preparation Tables, Commercial Dishwasher, Cupboards, Sink, Hand Wash Basin, 4 Burner Gas Cooking Range, Tall Upright Sadia Refrigerator and Main Combi Water Heater and a Separate Galley style kitchen with part stainless clad walls and a Stainless Steel Industrial Sink & Drainer Unit.

 

OUTSIDE SPACE

A decked pavement area with seating for a further 4 at tables and chairs alfresco, for a more entertaining dining experience in Marylebone.

To protect the clients cherishing a relaxing moment on the deck, you can also roll the branded canopy up and down using a remote control.

TENURE

Use: A1
Original lease length: 15 years
Remaining lease length: 12 years as of 2016.
Rent: £15,000 per annum
Business Rates: £7,000 per annum.

Premium: £135,000 (negotiable)

 

HOURS

The businesses opening hours:

Monday – Friday: 6.30am – 5pm

Saturday – Sunday: 8.30am – 5pm

 

STAFF

Our client and 4 full time staff help to run and manage the business.

POTENTIAL

First of all, the turnover of the bar can be easily leveraged, opening until 11.30 pm, as the license hold by our clients allow them to be open until late.

Strong of this, you can also use the A1 to an extent to turn it into a wine bar in the evening time, as the bar is already renewed for its selection of prime wine from all over the world.

The vendor has obtained a Premises of Licence and Late Night Refreshment Licence, permitting the sale of alcoholic beverages, trading till 11.30pm from Monday to Saturday and till 10.30 on Sundays.

 

Sold: £135, 000 + STOCK AT VALUATION

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