Tapas Bar & Restaurant in Merton Abbey For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON MERTON ABBEY

Turnover £ 4,500
Price £95,000

Features

Licensed Bar & Tapas Restaurant

OUTSIDE SEATING 8 PERSONS (Summer months)

TOTAL SEATING FOR 59 PERSONS

SINGLE FRONTED PREMISES in the region of 960 ft². Laminated strip floor, ceiling with fluorescent lighting. Bar with seating for 11 persons. EPOS till. Tables and chairs providing seating for 22 persons.

KITCHEN. Stainless steel extractor unit, new 6-burner cooker, grill, Rational oven, 2-pan fryer, dishwasher, preparation table, refrigerated making table, pasta machine.

Ladies' & gentlemen's toilet with w.c. and wash hand basin

Basement in the region of 540 ft²

Additional tables and chairs providing seating for 18 persons

Storeroom

Turnover

WE ARE INFORMED by the owner the turnover averageS £4,500 p.w. with a gross profit of 65% approx. (NO DELIVERIES)

Staff

-.

Trading Hours

were - 6 Day week
TUESDAY - THURSDAY 5 pm - 11 pm
FRIDAY & SATURDAY 11 a.m - 11.30 pm
Sun 11 a.m - 3 pm

Accommodation

THE ACCOMMODATION with Gas Fired Central Heating, Double-glazed window,
comprises:

1 Large bedsitting room.
Shower room with shower, w.c. and wash hand basin

Outside

Parking space for 1 car

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a lease from a private landlord, granted for 21 years in 2017 with reviews every 3 years (next review 2026) at a current rent of £19,000 p.a. We understand, subject to satisfactory references, the landlord is prepared to grant a new longer lease, at terms to be agreed.

N.B. The lease is outside the 1954 Landlord and Tenant Act.

Business Rates from April 2022 £2,500 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDOR EMIGRATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 PLUS STOCK
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 47,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote