Habano restaurant for sale in Leamington fully licensed

Popular Habano restaurant for sale

A true Cuban restaurant and wine bar situated in Leamington Spa city centre. The restaurant’s menu offers an array of dishes using high-quality ingredients and has gained 5-star reviews across multiple platforms. It has an excellent client base of returning customers.

The business consists of a fully equipped and well-presented upstairs bar and seating area for up to 35 customers. There is a fully equipped downstairs kitchen and downstairs function room for 16 customers and a balcony dining area with another four tables.

Situated in a prime location in the town centre means the business benefits from a heavy footfall trade from the local area as well as walk-ins and passing trade.

Key selling points:-

• Well established restaurant running for more than nine years.

• Facebook page – 1,130 followers

• Instagram page – 1,207 followers

• Tripadvisor - 437 reviews with a 4.5 current score.

• Google reviews with a 4.5 current score

• £0 business rates

• Balcony seatings with patio sliding door

• front shop with fully sliding patio door

Location:-

The business is in the town centre of Leamington Spa, Warwickshire. So it is in a prime location with the high footfall of passing trade and close to many local amenities.

Premises, fixtures and fittings: This successful restaurant is over two floors and comes with a cosy outdoor seating area. The business includes all fixtures and fittings. It is fully equipped and ready for any new owner to take over. A full asset list is available upon request.

Tenure and financial profile:-

Tenure: Lease

The seller rents the property and the business has two years left on the lease. The landlord is happy to make a new lease with any new owner. The rent is £ 2,000 per annum with a £0 business rate per annum. The turnover and the net profit available upon request.

Premises:-

First floor:-

• 35 cover dining area
• Bar area
• Ground floor
• 6 cover dining area
• Kitchen
• Storage/preparation area
• Customer toilet
• Storage area
• Balcony
• Eight cover dining area

Opening hours:-

The current business trading hours are as follows:-

Monday - Sunday, nine am to five pm (kitchen open till three pm).

Saturday and Sunday, six pm to 10/11 pm (kitchen open till nine pm).

Staff:-

The business currently has one full time and two part-time kitchen staff members and one full time and two part-time front of the house members.

Reason for sale:-

The owner is selling the business due to other business commitments. It creates the perfect opportunity for any new owner to take over an already well established and profitable business.

Growth potential:-

It is a perfect opportunity for any buyer looking to buy a well-established business with the potential for further growth. It is already a successful business. It could increase the revenue offers and discounts throughout the week at quieter times to increase business and net profit.

The current owner runs the restaurant to suit, and any new owner will have the ability to extend current evening opening hours. It would easily increase the current turnover levels. The business could also increase profit by adding the takeaway option and by creating accounts with online sellers such as Deliveroo, Just Eat or Uber Eats. A viewing of this business is highly recommended to appreciate its true value and the huge potential it has for a new owner. The turnover and the net profit is available upon request.

Viewing strictly by appointment!

If you are interested please contact us to discuss any sales enquiries or arrange a viewing.