Tapas Restaurant & Cocktail Bar in Norbury For Sale

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

Turnover £ 7,000
Price £149,500

Features

Licensed Tapas & Cocktail Bar

FORECOURT WITH SEATING FOR 8 PERSONS

5 DAYS OPENING

SINGLE FRONTED PREMISES WITH ELECTRIC SHUTTERS in the region of 360 ft². Newly fitted 2022. Tled floor, suspended ceiling with hannging lights. 2 Air conditioning units with hot air. Sales counter, EPOS til. Tables and chairs providing seating for 40 persons. CCTV system (9 cameras, 1 monitor).

KITCHEN. Stainless steel extractor unit, electric cooker, 2 pan deep fryer, electric hob, 1 under-counter fridge, 2 under-counter freezers, marble preparation tables, microwave, air fryer.

Toilet with w.c. and wash hand basin

Storeroom, ice machine, glass washer, sink

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a gross profit of 65% approx. (NO DELIVERIES)

Staff

The business is at present operated by the vendor with 4 full time staff employed.

Trading Hours

5 Day week
WEDNESDAY - SUNDAY 3 p.m - 12 midnight

Accommodation

THE SELF CONTAINED ACCOMMODATION (to the rear) with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,200 per month. The accommodation comprises:

1 double Bedroom
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Outside

Large rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 16 years in 2022 with reviews every 4 years (next review 2026) at a current rent of £14,500 p.a. plus £10,200 for the accommodation making a total rent of £24,700 p.a. As will be appreciated with the rental income of £14,400 from the accommodation the net rental payable at the present time is only £10,300 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2008 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

OFFERS TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £149,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote