Property Information
Address:
Nottingham, Nottinghamshire
Price: Property no longer available.
Size: SOA
Primary Category: Businesses For Sale
All Categories:
Businesses For Sale,
Property Ref/Movehut: MH524670
Property Ref/Agent: 12914-busy-tapas-restaurant-in-hockley-for-sale
*Please use the agent ref when calling the agent directly.
Property description
Hilton Smythe is delighted to welcome to the market this popular and busy tapas tavern, which is ideally located within Hockley, Nottingham.
The business was established by our client in 2014 and is only now being offered to the market, due to our client's other business interests. The business operates 5 days per week and generates a turnover in the region of 103,800 per annum, and a gross profit of approximately 64%. The business has a projected turnover of 158,000 per annum.
Our client offers an eclectic range of freshly cooked, traditional, Spanish tapas, as well as their own creations, from travels around Europe and the Mediterranean. The property boasts approximately 130 sq. metres of floor space, with the main restaurant/bar area with 42 covers and a full commercial kitchen. The premises are very well maintained and decorated to a high standard.
The business has built up an excellent reputation within the area for the very high quality of the food and service offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.
We feel there is scope to increase the turnover by extending the opening hours, perhaps by opening on Sundays and Mondays. A new owner could also embark on modest marketing campaign to highlight the excellent fayre and service offered. The business already has a very informative website in place to promote the business at , which incorporates online booking facilities.
This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this already thriving business to the next level; therefore, early viewing must come highly recommended to avoid disappointment.TENUREWe are advised Leasehold:
Original lease length: 10 years
Remaining lease length: 6 years, as of September 2016
Rent: 12.000 per annumHOURSThe business is open:
Monday: Closed
Tuesday: 5.00pm - 10.00pm
Wednesday - Friday: 12.00pm - 3.00pm and 6.00pm - 10.00pm
Saturday: 12.00pm - 10.00pm
Sunday: ClosedSTAFFThe business is owner run and managed with 2 x full time and 3 x part time staff members.FINANCIAL PROFILEThe business generates a turnover in the region of 103,800 per annum, and a gross profit of approximately 64%. The business has a projected turnover of 158,000 per annum.
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