Fully fitted bar and restaurant lease available in Tooting Broadway Market SW17
Upper Tooting, London
- Status
FOR SALE
- Advert ID
643500
- Leasehold: £22,000 (Stock at valuation)
- Turnover: £450,000 (£8,654 per week)
- Profit: On request
Key Features
- Pedestrian-friendly surroundings
- Popular brunch offerings
- Popular local bar business
- Popular location for dining
Business Details
Fully fitted Bar & Restaurant lease in Tooting Broadway Market SW17
The venue is successfully operated as a Mexican Taqueria for over 8 years and holds a 5-Star Food Hygiene Rating. The total area is approximately 1,000 sq ft within 5 units.
• Dine-in seating area with 50 covers
• Private dining room accommodating up to 20 guests
• Fully fitted commercial kitchen (approx. 100 sq ft), all-electric – no gas
• Access to public toilets within the market
• Premises ready for immediate operation
The business is fully licensed:
• Tuesday to Saturday until 11:00 pm
• Sunday until 5:00 pm
• Market closed on Mondays
Annual turnover: approx. £450,000
Currently trading evenings only, from 6:00 pm to 11:00 pm, Tuesday to Saturday.
There is no Uber Eats or Deliveroo currently in place, offering strong potential to increase revenue through:
• Home delivery services
• Weekday lunch trade
• Sunday brunch service
Premium: £22 000 or nearer offer (includes fittings & fixtures)
Rent: 5.5K monthly rent for 6 units Possiblity reducing number of unit to reflect rent.
(business rates, water, and waste removal inclusive)
Deposit: 4 weeks
Only serious candidates should apply.
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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.
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