For sale: a highly acclaimed Mexican/American restaurant with a 5-star hygiene rating. This establishment is situated in a prime town center location in Petts Wood, London. Offering an attractive opportunity with a leasehold priced at £149,500, this restaurant boasts a current turnover of £350,000 and an annual rent of £67,000.
The restaurant features a stunning and modern décor with a stylish interior that creates a warm, inviting atmosphere. It underwent a complete renovation in 2023 and has been fitted with high-quality finishes. Above the restaurant, there are two flats: one with a single bedroom and balcony, and a larger three-bedroom flat, both of which are currently rented out.
This well-reputed establishment is highly rated on platforms such as Tripadvisor, UberEats, Deliveroo, and Just Eat, and has also partnered with popular virtual brands for franchising. The restaurant is well-equipped to handle dine-in, takeout, delivery, and event catering services, offering an efficient system ready for further growth.
The interior space features new flooring, hanging lights, a bar, and an EPOS till system. It can accommodate up to 60 guests with tables, chairs, and leather benches. Additionally, it has a CCTV system with five cameras and a monitor and a modern alarm system for security. There is outdoor seating available for 10 people, complemented by French windows for an open-air dining experience. Furthermore, the premises are wheelchair accessible, with disabled-friendly toilets as well as separate restrooms for ladies and gentlemen.
The kitchen is fully equipped with a stainless steel extractor unit, gas grill, four-burner cooker, three microwaves, a dishwasher, salad bar, two countertop fridges, four freezers, preparation tables, five fryers, and a very large walk-in cold room. Additional space includes a storage room at the back and a personal parking area, which is currently used by the owner.
The sale includes the secure renewable lease, goodwill, fixtures, and fittings, with stock valued separately. Although the business has been established for 20 years, the current owner has managed it for the last 10 years and is selling due to relocation. Training opportunities will be provided to the new owners.
The restaurant's location is advantageous, being in close proximity to a range of local amenities, which naturally attracts customers to the area. Prospective owners will appreciate the vibrant setting, established customer base, and the comprehensive setup that facilitates immediate business operation.
