Licensed Tapas Bar in South London For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, SW LONDON

Turnover £ 11,000
Price £175,000

Features

Old Established Licenced Spanish Tapas Bar

FORECOURT WITH SEATING FOR 8 PEOPLE
ESTABLISHED 1996

SINGLE FRONTED PREMISES in the region of 1,028 ft² WITH SLIDING DOOR, wood strip floor, spotlights and hanging lights, Bar, EPOS till. Tables and chairs providing seating for 65 People, CCTV system (8 cameras, 1 monitor).

Kitchen with stainless steel extractor unit, Cooker (Gas 6-burner), 2x Deep fryer, 5 x fridge, 6 x deep freeze, microwave, stainless steel preparation table.

Staff Toilet with w.c. and wash hand basin.

Basement in the region of 140 ft², used for storage purposes.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,000 - £12,000 p.w. with a Gross profit of 60% approx. (no Portals)

Staff

The business is at present operated by the vendor with 3 full time & 4 part time staff.

Trading Hours

7 Day week
MONDAY - SATURDAY 4pm - 11.30pm
FRIDAY - SUNDAY 11am - 11.30 pm

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 15 years in 2021 with reviews every 5 years (next review 2031) at a current rent of £55,000 p.a.

Business Rates from April 2026 £9,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1996, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £175,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 87,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote