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No direct contact is to be made on the vendors instructions,
viewing is only via appointment - Please register for free to see full location details
 

Occupying a corner position, excellent trading position, sought after residential and commercial area, LONDON (Please register to make appointments and view addresses)

We understand the premises have a Full On Licence

ATTRACTIVE DOUBLE FRONTED SPANISH TAPAS BAR occupying a corner position. Wooden strip floor. Tables and chairs providing seating for 36 persons. Ceiling lighting. Large bar, 2 group coffee machine, 2 double door glass fronted counter fridges, 2 single door glass fronted counter fridges, ice machine, glasswasher, sink.

Stairs to basement with tiled floor. Additional Restaurant area with tables and chairs providing seating for 32 persons.

Ground floor level kitchen with tiled floor and tiled walls. The equipment includes 4-burner gas cooker, double deep fryer, 4 fridges, 2 upright deep freezes, 2 chest deep freezes, sink and drainer.

Additional area with 1 fridge, 2 chest deep freezes, 1 upright deep freeze

Ladies'/disabled cloakroom with w.c. and wash hand basin
Additional ladies' cloakroom with w.c. and wash hand basin
2 Gentlemen's cloakrooms each with w.c. and wash hand basin

In the basement area there is a beer cellar plus dry goods store

WE ARE INFORMED the turnover averages £6,000 p.w. in our opinion offering tremendous potential for further increase in the right hands. Gross profit in excess of 70%.

The business is at present operated by a husband and wife team. The vendor is the head chef with the assistance of 2 part time staff plus 1 additional staff on Friday & Saturday. Restaurant area, vendor's wife plus additional 2 part time staff on Friday & Saturday.

Tuesday - Friday inclusive - 6 p.m. - 12 midnight (last orders for food 10.30 p.m).
Saturday - 10.30 a.m. - 12 midnight (last orders for food 10.30 p.m).
Sunday - 10.30 a.m. - 10.30 p.m. (last orders for food 9 p.m)
NO MONDAY TRADING

We understand the premises are held on a secure renewable lease, the present lease expiring in March, 2018 at a rental of only £17,000 p.a. exclusive of rates. We understand there was a rent review in March, 2008, however, the landlord did not request an increase in the rent.

Uniform Business Rates only £1,450 p.a. approx. (after small business relief)

THIS WELL FITTED CATERING BUSINESS HAS BEEN IN THE SAME HANDS FOR THE PAST 7 YEARS AND THERE ARE GENUINE REASONS FOR SALE.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

OFFERS INVITED TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS in the region of £130,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

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