Business
Please quote reference B07050

Established in 2017, The Tapas Room is a group of two Spanish wine and tapas restaurants, based in South London. The Tapas Room brand offers a consistent and highly-rated service across all of its venues, with uniformly positive reviews on Google, OpenTable and Tripadvisor.

Our client advises they are selling the Tooting venue, located in a lively artery of the South London borough, 5 minutes’ walk from the closest Underground station – Tooting Broadway.

The Tooting location has consistent 5* reviews on Google, as well as countless positive reviews praising the atmosphere, service, and quality of the food.

Specialising in Spanish wine, sherry, vermouth and produce, The Tapas Group won the Decanter Best Spanish Retailer Award (UK) in 2021, and the restaurants have consistently been voted Diners’ Choice on OpenTable. The business also benefits from relationships with high-quality wine and food suppliers, including Moreno Wines, Alliance Wine, Hallgarten Wines, and Amigo foods.

Under its current owner, each venue is permitted to experiment and flourish within the brand guidelines, thereby affording each restaurant its own unique identity. Indeed, one of the business’ key offers is its excellent management and chef teams, and its dedicated marketing manager. The business also benefits from relationships with highquality and deli food suppliers.

There is considerable opportunity for growth: the business’ clean and recognizable branding would be easy to reproduce on a larger scale. The company has also demonstrated a commitment to innovation, having recently developed an app to encourage repeat custom and loyalty.

Highlights:

• Outstanding reputation
• Established customer base
• Excellent management and chef teams
• Great marketing strategy
• Recognizable and consistent branding

Opportunities:

• Opportunities to increase online presence
• Opportunities to expand to further sites and gain a larger market share

Reason for sale:

• The present owner wishes to spend more time with family.

Location
Located in South London.

Premises
Located in Tooting, South London. 5 Minutes away from Tooting Broadway Station.

Tenure
Leasehold. 

Hours
Due to the nature of the businesses, they operate all year round. 

Staff
Experienced team of staff.

Financial Profile

• 2022 turnover IRO £510,000
• 100% share sale