Clapham café bar sold for £115,000
Glow Lounge, a privately owned café-bar in Clapham, south-west London has been sold for £115,000.
The business, which overlooks the southern edge of Clapham Common, has been sold to a group of investors and operators headed up by Hiroomi Wada, owner of central London Japanese restaurant Nagomi.
Glow Lounge, which was set up by Australian pair Kerri Clay and Bart Thomas in June 2004, has 32 seats with a further 38 on the heated front terrace. Opening hours on Friday and Saturday are extended to 1.00am. The unit benefits from mixed A3 and A1 planning use.
The new operators said they plan to make few changes to the business but will introduce some Japanese inspired food and drink.
Clay said: "After seven fun and challenging years of running Glow Lounge, we have decided to focus on our IT business Cloudnine.org which will enable us to work from Australia and have a more outdoors lifestyle with our young son."
Chris Bickle, agent at Davis Coffer Lyons, which handled the sale, said: "Clapham is renowned for its diverse bar, restaurant and café culture and Glow Lounge captures the vibe perfectly. Owing to the affluent residential catchment area and busy summer months driven by the nearby Common, it's a great place to operate."
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