Restaurant/cafe for sale

Business
Please quote reference B08139

Cogogo are pleased to welcome to the market Escape Bar and Caribbean Tapas a thriving business located in the heart on London.

Renowned for its vibrant atmosphere, delectable Caribbean cuisine, and extensive selection of cocktails, wines and beers, Escape Bar offers an unparalleled dining and entertainment experience.

This business presents a unique opportunity for an astute buyer to take over a well-established venue with significant growth potential.

One of the key attractions of Escape is its vibrant entertainment schedule. The venue host live music performances, featuring talented local and international artists, as well as dj nights that keep the atmosphere buzzing with energy. Salsa nights add an extra layer of excitement, drawing dance enthusiasts across the city. Escape also offers a VIP room, perfect for hosting small private events. This intimate space provides a tailored experience, enhancing the venue's appeal to a diverse clientele.

Opportunities for Growth:

Expanded Marketing Efforts - Increasing online and offline marketing efforts can boost brand awareness. Social media campaigns, influencer partnerships, and local advertisements can attract a wider audience.

Menu Innovation - Regularly updating the menu with seasonal dishes and special promotions can keep the dining experience fresh and exciting. Introducing themed nights or limited-time offers can also drive repeat visits.

Events & Hosting Partnership - Expanding the use of the VIP room, for more frequent, private events, workshops and collaborations with local businesses can generate additional revenue streams.

Location
Situated in a prime location with high pedestrian foot traffic, Escape benefits from excellent visibility and accessibility. This advantageous position not only ensures a steady stream of patrons but also presents substantial potential for growth.

Premises
Escape Bar and Caribbean Tapas occupies a double-fronted premises with the ground floor featuring beautiful decorations, open plan bar and restaurant with bespoke lighting, commercial kitchen, WC's.

The equipment list includes:

• Tables & Chairs


• Glass Wash


• Fridge


• Freezer


• Commercial Kitchen Equipment


• Website


• Shelving


• Wall Decorations

Tenure
This opportunity is being sold on a Leasehold basis with 1 year remaining on a 6 year lease.

The current rent is £33,500 per annum.

Hours
The current operating hours are:

Monday to Wednesday - 5:00pm to 11:00pm

Thursday - 5:00pm to 12:00am

Friday - 5:00pm to 2:00am

Saturday - 1:00pm to 2:00am

Sunday - 1:00pm to 10:00pm

Staff
This business is rrun and managed by our client with the help of 8 members of staff.

Financial Profile
This business generated a turnover of £450,000. Full financials can be made available upon further request.