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Modern Tapas/ Cocktail Bar And Restaurant For Sale

Forest Hill, London
Asking Price:
£99,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
£327,600
Cash Flow:
Under £50K

A wonderful modern, bright tapas bar right next to Forest Hill overground station is for sale. Large amount of wonderful fixtures recently been installed by relic interiors, a private interior decorating company.

Bar with beer on tap, spacious men’s and women’s bathroom and disabled toilet.

Over 70 covers inside and 15 Covers outside.

Business rates exempt, due to the low rate able value.

Big spacious kitchen with fully functioning Italian pizza oven and over 50k worth of professional kitchen equipment all in good order. This includes a large heavy duty dish washer, two large freezers, one large walk in cold room, 3 service fridges and large deep fryer.

Really beautiful looking restaurant with a number of regular customers and extremely busy weekends.

The place has high potential due to a great location, also the business opening hours are primarily evenings, so high potential to open for lunch and brunch service during the week.

If interested, please contact the seller through the form on this page.

Property information

Property:

Leasehold

Leasehold Rent:

£23,000 per annum

Location:

Directly behind Forest Hill overground station and just behind the main high street. The location is a good one for footfall and for people to see the business frequently.

Premises Details:

It is located underneath an apartment block within a unit space, which means some consideration has to be taken for the surrounding residents. But we have had no issues with the apartment owners or residents at all, and a number of them order takeaways and eat in our restaurant, so we have a good relationship with them.

Business Operation

Expansion Potential:

The logo, branding and concept has strong potential to be copied and expanded across south east London, similar to other popular modern Italian chains which have been very successful.

Competition / Market:

There are two main competitors with Bona, an wildfire pizzeria around the corner on the high street and Piazza Della cucina, a small Italian restaurant.

However the business offers something very different in the form of the cocktail bar and the restaurant serving small Italian tapas plates as well as a good pizza.

Reasons for selling:

Changes in personal circumstances unrelated to business.

Trading hours:

Monday’s - closed
Tuesday - 5:00pm - 10:30pm
Wednesday - 5:00pm - 10:30pm
Thursday - 5:00pm - 10:30pm
Friday- 5:00pm - 11:00pm
Saturday - 12:30pm - 11:00pm
Sunday 12:30pm - 11:00pm

Employees:
8
Years established:
0.5

Other Information

Support & training:

We would be more than happy to work alongside the new buyer for a few weeks and provide training for the till system, ordering process etc to ensure a smooth transition as our aim is to continue with good will and allow the business to still provide great quality food and cocktails for regular and new customers.

Furniture / Fixtures value:
£55,000 - included in the asking price
Inventory / Stock value:
£4,500 - included in the asking price
Website:
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Contact Information

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    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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