New Broad Street is delighted to bring to the market the sale of Estrela, a long-established and renowned Portuguese restaurant and bar located in the heart of London’s vibrant “Little Portugal” in South Lambeth. Just a short 10-minute walk from Vauxhall and Stockwell mainline stations, Estrela Bar has been a beloved institution for over 20 years, offering an authentic taste of Portugal to its loyal customers.
Founded by Bernardino & Ilda Costa, the restaurant began as a humble Portuguese coffee stop and evolved over time into a popular bar and full-service restaurant. Now, due to the owners’ relocation and personal changes, this rare opportunity presents itself for a new owner to take over a thriving business with an established reputation.
Situated in London’s “Little Portugal” with a high footfall of locals and visitors alike, the restaurant offers strong visibility and easy accessibility. Authenticity has been at the core of Estrela, specialising in traditional Portuguese cuisine and a broad selection of imported Portuguese wines and beers, providing a truly genuine experience for customers. Estrela Bar is deeply rooted in the community, having been featured in numerous articles, TV programs, and garnering glowing online reviews. A trusted and loved destination for both casual dining and special occasions the restaurant is consistently busy and provides a warm, lively atmosphere.
The Opportunity:
Estrela Bar presents an exciting opportunity for those looking to continue its legacy or introduce their own touch. Whether you’re an aspiring restaurateur or a seasoned operator looking to expand your portfolio, this business is well-positioned for future growth.
Reasons for Sale:
The current family owners are selling due to relocation and personal commitments, providing the perfect chance for a new owner to build upon their success
LOCATION:
Estrela is based in the heart of “Little Portugal” – a prominent Portuguese community in the South Lambeth area in South London between Vauxhall, Stockwell and Brixton. Its central South Lambeth Road and connecting streets are home to many Portuguese cafes, bars and food shops. 7.6% of Lambeth are Portuguese-speakers, equating to roughly 25,000 people. Estrela Bar has played a huge part in building the community and reputation for the restaurant.
Vauxhall Nine Elms Battersea Regeneration Development:
New homes – More than 18,000 new homes expected to be built across the regeneration area, about 3,500 of these will be in the Vauxhall area.
The development forms part of the 4.5-hectare linear park, a green ribbon of public outdoor spaces and gardens which runs through Nine Elms, from Battersea Power Station to Vauxhall Cross.
Extending from Lambeth Bridge in the north down to Battersea Power Station, it is the largest central London regeneration area.
Vauxhall and Albert Embankment are part of Nine Elms, on the South Bank. Extending from Lambeth Bridge in the north down to Battersea Power Station and is the largest central London regeneration area. By 2030, it will be a distinctive new central London neighbourhood and a major opportunity for the local community and London.
STAFF:
Currently 12 Permanent (6 in Kitchen, 6 in Front of House), 1/2 Extra P/T staff during the summer months.
TRADING HOURS:
Current trading hours: Mon to Thursday 8:00am to 11pm (Closed Tuesday), Friday to Saturday 8:00am to 12am (midnight), Sunday 9:00am to 11pm
Licensed hours: Mon to Sun 8:00am to 12:30am
PREMISES:
• 1,187 Sq Ft
• Covers: 140
• Fully Licensed with Takeaway Allowed (8:00 am until 12:30 am)
• Electric + Gas
• Large kitchen with Ventilation Hood 1
• Air conditioning unit: Mitsubishi
• Food Hygiene Rating: 5
• EPC Rating: C
• Air Condition in Most Areas (New in Basement Area)
• Fully Equipped Kitchen (Two Cold Rooms and 3 Freezer Rooms)
• Large Storage area in basement
• Kitchen fixtures & fittings:
Stainless steel shelving, counters, Fridge Counter, Blue Steel Salamander, Large Gas Ceramic Grill, Large 6 Stove with Oven. Valentine Fryer Two Separate areas with baskets, Dish Washer, Glass Washer, One Powerful Microwave Oven, Two Commercial microwaves, Meat Slicer
• Additional Inventory: Tables and Chairs for all areas, All Kitchen Appliances & Fittings. Drink and Food Stock. Bar Island Fridge, Cold Rooms and Freezers, All External Compressors for Fridges and Freezers, Air Condition units, Ventilation system.
TENURE DETAILS:
• Lease remaining and date ending: Under 7 Years end Date 01/08/2031
• Current rent: £ 45,600 P/A
• Current business rates: Rateable value: £26,250, Lambeth Calculated Charges: £13098.75. Actual Amount to Pay: £3274.69 based on small Business relief and discounts
• Rent review: Every 4 Years
• Next rent review: 01/08/2027
LANDLORD’S REQUIREMENTS:
• Guarantor Required: No
• Number of month’s rent deposit: None
FINANCIAL PROFILE:
• Current Turnover: £970,00
• Full accounts available from 2020 – present
Please contact Charlotte Arden at New Broad Street for further details and to arrange a viewing.
