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Tapas restaurant for sale in Lichfield Staffordshire with strong community presence

Lichfield, Staffordshire
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  • Status

    FOR SALE

  • Advert ID

    647668

  • Leasehold: £190,000
  • Rent: £13,200 (£1,100 per month)
  • Turnover: £350,000 (£6,731 per week)
  • Profit: On request

Key Features

  • Attractive local demographics
  • Cocktail and bar services included
  • Cold storage and food preparation
  • Commercial refrigeration facilities

Business Details

Tapas restaurant in Lichfield

Our tapas bar is the result of a passionate journey, evolving into one of the hottest dining spots in town, celebrated for its exceptional food and outstanding service. Since opening, we have received phenomenal reviews, and our business continues to thrive year on year.

With a stylish interior adorned with ambient lighting and unique artwork, our venue offers a delightful dining experience. The fully equipped bar boasts a diverse selection of wines and spirits, perfectly complementing our established brand that focuses on small plates and a tapas-style dining experience. The space is versatile, making it ideal for private events and gatherings, and our menu has been well-reviewed, featuring a delectable mix of modern and traditional tapas dishes.

The business has been in operation for 3.5 years, the same duration for which we have owned it. Situated on a busy road surrounded by other bars and restaurants, we benefit from significant foot traffic. Notably, we are the only restaurant in the area offering Spanish tapas, ensuring that we stand out in a competitive market.

Details of the Business

Included in the sale are all fixtures and fittings, promoting a smooth transition for new owners. Over the past year, we have experienced a turnover increase of approximately 20%, reflecting our success and growing popularity. While I am keen to pursue another project, the business remains in a strong position. Currently, we employ eight staff members and maintain an online presence through social media and our website, ensuring continued engagement with our community.

Operational Highlights

The local demographics are attractive, contributing to a community-focused atmosphere. Our cocktail and bar services are an integral part of the experience, complemented by cold storage and food preparation facilities that meet commercial standards. With comprehensive branding, business accounts, and customer databases included in the sale, interested buyers will find a well-established opportunity that complies with all necessary regulations.

This is a community-oriented business with a reputation for excellence and a competitive annual turnover. The asking price is reflective of its value, including all stock and commercial facilities required for successful operations. Comprehensive health and safety measures are in place, ensuring a secure environment for both staff and customers.

Next Steps

We are committed to supporting the new owners with training opportunities that will facilitate a seamless handover. This business not only presents a sound investment but also offers the chance to engage in a vibrant community, capitalising on its well-earned reputation.

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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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