Authentic Mexican Restaurant in South London For Sale

Situated in a parade, prime trading position, Close to football stadium, SW LONDON

Turnover £ 21,000
Price £300,000

Features

Impressive Authentic Mexican Restaurant

5 STAR HYGIENE RATING
FORECOURT WITH SEATING FOR 12 PEOPLE
NEWLY FITTED 2022
Highly rated on OpenTable and Deliveroo.

SINGLE FRONTED PREMISES WITH CANOPY, resin flooring, hanging lights. Bar, EPOS till, Tables and chairs providing seating for 80 People, CCTV system (12 cameras, 1 monitor).

Ladies' & gentlemen's Toilet with w.c. and wash hand basin.

First kitchen, stainless steel extractor unit, grill, Cooker (Gas 6-burner), microwave, dishwasher, fridge, freezer, preparation table.

Walkin coldroom.

Basement, used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £20,000 - £22,000 p.w. with a Gross profit of 69% approx. Sales Year ending 2024 show sales of £1,123,659 with a gross proffit of £630,041 and a net profit of £107,988

Staff

The business is at present operated by the 2 partners with 8 full time & 2 part time staff.

Trading Hours

7 Day week (1am LICENCE)
SUNDAY - THURSDAY 12 noon - 10.30pm
FRIDAY & SATURDAY 12 noon - 11.30pm

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on TWO a SECURE RENEWABLE lease granted for 16 years in 2013 with reviews every 4 years (next review 2029) at a current rent of £40,000 p.a. Lease 2 granted for 20 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £30,000 p.a.

Business Rates from April 2025 £10,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £300,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 150,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote