£79,999
Restaurant for saleCity Of London, England, United Kingdom SW17
Business
About this property
Business
Please quote reference B08813
Cogogo invites you to explore Tokova, a vibrant and modern Basque restaurant nestled within the lively Broadway Market in Tooting, South West London.
Established 7 years ago, this acclaimed eatery has garnered a loyal following for its innovative small-plate dining, exceptional service, and inviting atmosphere. With a strong online presence and glowing reviews, Tokova offers a unique opportunity for restaurateurs seeking a turnkey operation with immense growth potential.
Tokova benefits from high foot traffic and excellent transport links, including proximity to Tooting Broadway Underground Station. The bustling market setting provides a dynamic backdrop that attracts a diverse clientele seeking authentic and contemporary Basque cuisine.
Tokova specialises in 'New Basque Cookery, ' offering a menu of tapas-style small plates crafted with seasonal, high-quality ingredients. The restaurant has built a stellar reputation, boasting a 4.7-star rating on TripAdvisor and a 4.6-star rating on Google, with patrons praising dishes like black rice, scallops, and lamb, as well as the warm and attentive service.
Currently operating five evenings a week, there is significant scope to expand trading hours to include lunch services and additional days, tapping into unmet demand and increasing revenue streams.
Key Selling Points:
Get in touch with Cogogo today. Click ‘Contact Seller, Send Enquiry or Contact Broker’ now to learn more, ask questions, or arrange a private viewing.
Location
Tokova Restaurant is located at Unit 95, Broadway Market, 29 Tooting High St, London, SW17 0RJ.
Premises
The restaurant occupies a well-designed space within Broadway Market, featuring an open kitchen that adds a theatrical element to the dining experience. The interior exudes a cosy yet contemporary ambience, with seating arrangements that cater to both intimate dinners and larger groups. The premises are fully equipped with high-quality fixtures and fittings, ensuring a seamless transition for new ownership.
Tenure
Offered on a leasehold basis, the current annual rent is £32,000. The lease terms are favourable, providing stability and flexibility for future business planning.
Hours
Business Hours
Note: There is substantial potential to extend operating hours to include lunch services and additional days, capitalising on the area's daytime footfall.
Staff
The business is currently owner-operated.
Financial Profile
We are advised that the business achieved a turnover exceeding £400,000, with a net profit of £70,000. The previous year saw a dip in figures due to the owner's health issues; however, the restaurant has a strong foundation to regain and surpass past performance levels.
Please quote reference B08813
Cogogo invites you to explore Tokova, a vibrant and modern Basque restaurant nestled within the lively Broadway Market in Tooting, South West London.
Established 7 years ago, this acclaimed eatery has garnered a loyal following for its innovative small-plate dining, exceptional service, and inviting atmosphere. With a strong online presence and glowing reviews, Tokova offers a unique opportunity for restaurateurs seeking a turnkey operation with immense growth potential.
Tokova benefits from high foot traffic and excellent transport links, including proximity to Tooting Broadway Underground Station. The bustling market setting provides a dynamic backdrop that attracts a diverse clientele seeking authentic and contemporary Basque cuisine.
Tokova specialises in 'New Basque Cookery, ' offering a menu of tapas-style small plates crafted with seasonal, high-quality ingredients. The restaurant has built a stellar reputation, boasting a 4.7-star rating on TripAdvisor and a 4.6-star rating on Google, with patrons praising dishes like black rice, scallops, and lamb, as well as the warm and attentive service.
Currently operating five evenings a week, there is significant scope to expand trading hours to include lunch services and additional days, tapping into unmet demand and increasing revenue streams.
Key Selling Points:
- Established brand with a strong online presence and excellent reviews
- Unique Basque cuisine offering in a high-demand area
- Located in a bustling market with high foot traffic
- Significant growth potential through extended hours and services
- Fully equipped premises with a modern and inviting ambience
Get in touch with Cogogo today. Click ‘Contact Seller, Send Enquiry or Contact Broker’ now to learn more, ask questions, or arrange a private viewing.
Location
Tokova Restaurant is located at Unit 95, Broadway Market, 29 Tooting High St, London, SW17 0RJ.
Premises
The restaurant occupies a well-designed space within Broadway Market, featuring an open kitchen that adds a theatrical element to the dining experience. The interior exudes a cosy yet contemporary ambience, with seating arrangements that cater to both intimate dinners and larger groups. The premises are fully equipped with high-quality fixtures and fittings, ensuring a seamless transition for new ownership.
Tenure
Offered on a leasehold basis, the current annual rent is £32,000. The lease terms are favourable, providing stability and flexibility for future business planning.
Hours
Business Hours
- Tuesday to Saturday: 6:00 pm – 10:00 pm
- Sunday & Monday: Closed
Note: There is substantial potential to extend operating hours to include lunch services and additional days, capitalising on the area's daytime footfall.
Staff
The business is currently owner-operated.
Financial Profile
We are advised that the business achieved a turnover exceeding £400,000, with a net profit of £70,000. The previous year saw a dip in figures due to the owner's health issues; however, the restaurant has a strong foundation to regain and surpass past performance levels.
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