Prime London Tapas Restaurant Leasehold with High Weekly Turnover and Growth Potential for Sale
Orpington, London
- Status
FOR SALE
- Advert ID
622382
- Reference
C1183 / Rightbiz
- Call Agent:
- Leasehold: £250,000
- Rent: £22,000
- Turnover: £520,000 (£10,000 Per week)
- Net Profit: Not Applicable
Key Features
- Town Centre location
- Fully Fitted
- High Turnover
- Attractive Business
- Prime Location
- Established Business
Business Details
LEASEHOLD LIC. TAPAS RESTAURANT
SUPERB LOCATION - 44 COVERS PLUS 12 OUTSIDE - TAKINGS £10,000 PWK - HUGE SCOPE - 13 YEAR LEASE - RENT £22,000 P.A.
Location
Occupying a prime trading position fronting a busy main road, serving a well populated affluent residential area close to Orpington and Bromley.
Business
Established by our clients some 2 years ago this warm and cosy Spanish tapas restaurant has developed an excellent reputation serving authentic, freshly prepared dishes. It’s now only being marketed as a result of the vendors other business interests. Tremendous potential exists for longer hours, outside catering, functions and deliveries.
Turnover
We are informed turnover is £10,000 PWK @ 60 % G.P.
Staff
5 Full time and 4 part time      WAGES - £10,000 PCM
Hours
Mon – Closed
Tues and Weds - 5.00pm-11.00pm
Thurs, Fri and Sat – 1.00pm - 11.00pm
Sunday - 12pm-6.00pm
 Premises
Pavement seating to front for 12. Charming single fronted premises with single entrance to Restaurant area: with some 44 Covers at high quality furniture. Bar/Counter: with 2 group espresso machine, 2 drinks chillers, till. Customer W.C. Kitchen: combi/steam oven, 2 double fryers, full extractor canopy, hot plates, griddle. Store Room:
Tenure
13 years remaining on original 15 year lease             RENT - £22,000 PA (5 year reviews)
EPC Rating
Band D
Business Rates
Nil currently payable
Contact Agent
Listing Statistics
Contact the seller for more details, or book a viewing
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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
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Contact seller
Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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