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Licensed Tapas Kitchen & Bar, Sherwood, Nottingham For Sale

Sherwood, Nottinghamshire, UK
Asking Price:
£25,000 Furniture / Fixtures included
Turnover:
£100K - £200K
Net Profit:
On request

Unique, profitable Tapas Kitchen & Bar with low overheads.

Vagari World Tapas & Kitchen serves an 'on trend' menu of colourful and flavourful tapas dishes, Spanish wines, cocktails and both bottled and draft beers. delicious tapas from around the world. Based in vibrant and eye catching premises in the heart of Sherwood and benefitting from low overheads.

Vagari World Tapas was established from scratch in 2024. The current owner has rapidly gained a loyal clientele due to the high quality food and excellent menu options. The menu is regularly changed and always includes meat free and vegan dishes. Customers can choose to dine in the popular heated 'pod', in the garden area or upstairs in The Winchester Bar. With weekly sales continuing to increase and platforms such as Uber Eats for deliveries and outside catering yet to be explored, Vagari World Tapas still has huge potential.

PRICE: £25,000 S.A.V.
Tenure: Leasehold.
Term: 1 year remaining. We understand that a new lease will be made available for the new tenant.
Rent: £600.00 pcm, incl internet.
Rates: £nil with SSBR

The ground floor premises consist of a fully equipped Kitchen, a large heated ‘pod’ which seats 12 internally and an eye-catching outdoor seating area with approximately 40 covers. The fully heated pod is a very popular feature and provides a unique dining experience for regular diners and parties.

Stock Level. To be taken at valuation. Estimated at £3,000.

Staff. A team of 4 (increasing to 5 in the summer). Each shift requires 1 cook and 1 runner. A handover is included in the sale.

Trading Hours. 5pm to 10pm Wednesday, Thursday and Friday, Midday to 10pm Saturday. Closed Monday, Tuesday and Sunday.

Takings. We are advised these average £1,500 - £2,000 per week in winter and £3,000 - £4,500 per week in the summer. NB; these figures are based on just 1 years of trading. Growth is predicted now that the business is established and known in the area.

Summary. This is an excellent exciting opportunity for a passionate foodie to own their own, established business. The business model has been proven to work and is profitable; many businesses do not always achieve this within the first year of trading. The turnover has not plateaued. Act quickly to secure this exciting business with low outgoings.

For the full sales particulars, or to arrange a viewing, please complete the enquiry form. By all means visit as a customer but please do not approach the staff to discuss the sale of the business. All formal viewings are to be arranged through the agents,

Property Information

Property:

Leasehold

Lease Terms:

1 year remaining. We understand that a new lease will be made available for the new tenant.

Leasehold Rent:

£7,200 per annum

Location:

Centrally located in Sherwood, with nearby free parking and several other businesses. On a main public transport route. Thriving shopping area.

Premises Details:

Situated underneath The Winchester Bar and benefitting from an agreement to serve food to the bar should customers choose to dine there. Vibrant, cosy spaces. 40 seats outside and 12 inside the funky, heated pod (plus seated dining in the Winchester Bar).

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Plenty of potential to build upon the current business. Increased opening hours, introduce deliveries, use of social media marketing, advertising of the 'pod' (this lends itself to becoming an Instagram photo opportunity) etc;

Competition / Market:

No direct competition in the immediate area with this menu offering.

Reasons for selling:

A change in the vendors circumstances.

Trading hours:

5pm to 10pm Wednesday, Thursday and Friday, Midday to 10pm Saturday. Closed Monday, Tuesday and Sunday.

Employees:
A team of 4 (increasing to 5 in the summer). Each shift requires 1 cook and 1 runner. A handover is included in the sale.
Years established:
1

Other Information

Support & training:

A handover will be given.