Leasehold Tapas Bar, Regent Street, Leamington Spa, Warwickshire, CV32 5HG

Leasehold Tapas Bar Located In Leamington Spa
A3 & A5 Consent
Licensed
Ref 3121

Asking Price £79,950 plus SAV (500)

Location
A fantastic opportunity to acquire this respected Tapas Bistro which is located In Royal Leamington Spa. Situated within a prominent and highly visible trading position on Regent Street. Officially known as Royal Leamington Spa and is a picturesque town located in Warwickshire, England. It is situated approximately (2 miles) south of the historic town of Warwick and around (8 miles) north of Coventry. Leamington offers a vibrant shopping scene, with a mix of independent boutiques, high street stores, and a variety of cafes and restaurants. The town's diverse culinary scene caters to a range of tastes, from traditional British dishes to international cuisine.

Business Description
Veritas Business sales offer to the market this delightful Tapas Bar which is located in Leamington Spa. There has been a food business trading from these premises for many years and our client transformed it into what you see today 3 years ago. They are now offering the business for sale so that they can concentrate on other business interests.
Since ownership they have redecorated and invested in equipment along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for a new owner as additional funds will not need to be spent for some time. Jomo is owner operated and will be sold with no staffing liabilities and has an average weekly turnover of £4,000-£5,000. They serve tapas food which can be accompanied with wines, beers, cocktails, spirits, soft drinks or coffee.
Please note that the lease and fixtures & fittings are being sold but the business name will not be transferred.
We believe that there is further potential to increase revenue should you wish, by extending the current opening times and by opening on Mondays. The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase a low rent food & beverage business in a great location which is a great base to build upon and as such early viewing is highly recommended.

Opening Hours
Monday - closed
Tuesday - Thursday - 17:00 - 00:00
Friday & Saturday - 12:00 - 00:00
Sunday - 12:00 - 16:00

Leasehold
Term: 12 years
Remaining: 9 years
Rent: £9,000 pa
Reviewed: 3 yearly
Business Rates: zero

Ground Floor
Bar comprising: tables & chairs to cover (18), 3 x large mirrors, worktop with EPOS till, 3 door undercounter drinks fridge (Cater-cool), slimline wine fridge, serve over bar counter and bread box. kitchen area with 4 ring electric hob with double oven, dual deep fat fryer (Buffalo), 5 x wall mounted metal shelves, extraction canopy, small chest freezer (Fridgedaire), saladette with 3 door undercounter fridges, marble top with 2 door undercounter fridge, griddle (Nisbets), stainless steel worktop with wash basin, rice cooker, stainless steel sink, air-fryer (Sur la table), blender (Caterlite), microwave (Kenwood), 2 door undercounter fridge, ice machine (Polar), glasswasher (Halcyon), metal draining rack, wall mounted paper towel dispenser, insect zapper (Eazyzap) and various storage shelves and glass hanging shelves.
Wash up area with stainless steel sink drainer, metal draining rack, metal shelf and upright freezer (Samsung).
Toilet with W/C, wash basin with cabinet, wall mounted mirror, wall mounted soap dispenser and wall mounted had dryer.

External
Frontage with seating for (4).