New Broad Street is pleased to offer Osteria Mbare, a thriving Italian/Sicilian restaurant and cocktail bar, located in the lively and affluent Clapham Common area, known for it’s vibrant nightlife and daytime diners. With a well-established reputation and a loyal customer base, this business presents an exceptional opportunity for any buyer interested in the hospitality industry.
Location: Situated in one of South London’s most sought-after areas, Clapham Common, known for its vibrant atmosphere and affluent community. Clapham Common has fast become one of London’s go-to food and nightlife neighbourhood.
Reputation: Osteria Mbare has been a staple of the local dining scene for the last 4 years, earning over 600 positive Google reviews and amassing a strong online presence with 20k Instagram followers.
Design & Ambiance: The restaurant features an impressive interior, exposed brick walls, high ceilings, plaster arches, and stylish patterned floor tiles. It offers ample seating across two levels (ground floor and basement), making it a spacious venue ideal for large groups and special events.
Unique Dining Experience: Osteria Mbare is renowned for offering authentic, Sicilian-inspired cuisine with an emphasis on fresh ingredients and attentive service. The restaurant offers a range of experiences such as Bottomless Carbs & Bubbles, Pasta Masterclasses, and special Cocktail Deals, all of which enhance its appeal.
Event Space: The venue has successfully diversified its business model by hosting Private Events for groups of 8 or more. Its cozy ambiance, combined with live music events, creates an attractive spot for both casual dining and celebratory gatherings.
Proven Popularity: With over 600 Google reviews averaging high ratings and a growing Instagram following, the restaurant has garnered a dedicated and enthusiastic customer base.
Expansion Potential: With a successful takeout service (Osteria To Go) and the opportunity to further develop delivery services, there is significant potential to increase revenue streams.
This is an ideal acquisition for a buyer seeking a turnkey business in the London hospitality sector, with an established brand, strong customer loyalty with room for further growth.
STAFF:
● 10 members of staff: 6 F/T + 4 P/T
TRADING HOURS:
● Current trading hours: 12:00-23:00 Tuesday to Sunday
● Licensed hours: Sunday to Thursday 08:00-00:00 Friday Saturday 08:00-01:00
PREMISES:
● 3000 Sq Ft
● 120 Covers
● A1
● Electric & Gas
● High end ventilation system in place
● Air conditioning unit: Phase 3
● Food Hygiene Rating: 5
● Full Inventory provided
TENURE/RENT DETAILS:
● Lease remaining/date ending:14 years/ 07/11/2038
● Current rent: £90k P/A
● Current business rates: £25k P/A
● Rent review: Every 5 Years
● Next rent review: Date: 7/11/2028
LANDLORD’S REQUIREMENTS
● Guarantor Required: N/A
● Number of month’s rent deposit: 1
FINANCIAL PROFILE:
● Current Turnover: £1,400,000
Further financial information available on request.
Contact Charlotte Arden at New Broad Street for further details and to arrange a viewing.
