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Established Marina Bistro Restaurant Hampshire

Gosport, Hampshire
Leasehold Price:
£144,995
Status
FOR SALE
Advert ID
244745
Reference
6835 / Rightbiz
    Prominent Marina Trading Location

    Annual Turnover £370,000

    Further Financial Info Available After Viewing

    Free Parking On Site

    Seating For 50 Inside & 50 Outside

    Fantastic Online Reviews

    Beautifully Presented Throughout

    Professionally Equipped

    Reliable Staff In Place

    Scope To Introduce Deliveries

    Scope For Evening Trade

    Could Accommodate Any Cuisine

    EPC – C

Description:
REF 6835 – Leasehold Marina Bistro/Restaurant
Blacks Business Brokers are pleased to bring to the market this leasehold marina bistro/restaurant located in Gosport Marina, Hampshire.

INTRODUCTION
The Boathouse Gosport has been trading on Gosport Marina since 2011. Our client established the business here due to the high amount of footfall generated by the busy surrounding area. The business is extremely well known and has a superb reputation with a large base of regular customers and excellent reviews noted on Google, Trip Advisor, Yelp and Facebook.

LOCATION
The business is positioned within the busy Gosport Marina. This is close to Gosport town centre with many large multiples such as Morrisons and Halfords. The business is overlooking Portsmouth Harbour and the Spinnaker Tower at Gunwharf Quays. The business has good public transport links with Gosport Ferry running every 7.5 minutes to Portsmouth Harbour and National Rail trains to London in 1.5 hours. The area is well linked by the M27 and free parking is available on site.

REASON FOR SALE
The business would be ideally suited to a hands-on owner-operator but due to our client’s other business interests the business is managed by staff and therefore offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a competitive rate on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in 2011. This runs at a cost of 10% of turnover in excess of £50,000. In recent years this has been around £615 per week.

STAFF
The business is currently operating with twelve members of staff in employment including a manager.

FINANCIAL DETAILS
The Boathouse Gosport has traded well during the last eight years. We are advised that the business currently has annual turnover of £370,000 with gross profit to be confirmed. Full financial details are available upon viewing.

BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business occupies a superb trading position within the beautiful Gosport Marina – this provides a captive customer base of locals and a consistent amount of passing trade from sailors utilising the marina all year round. There is plenty of scope to develop the business further with some the introduction of new, longer opening hours and a delivery service is in high demand in this area. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Accomodation:
BUILDING LAYOUT AND DESIGN
The Boathouse Gosport operates from a stunning, single story marina themed property with large seating area for fifty to the front and side. The wooden building is sign written and easily visible from the carpark and from boats parked in the marina. Inside, the main dining area offers seating for up to fifty and is presented beautifully with teal and white tiled flooring throughout. The servery is positioned to the rear and fully equipped kitchen behind – this is professionally equipped and fitted with a good range of high quality fixtures and fittings. There are also toilet facilities. All areas have been finished to a high standard.



Fixtures & Fittings:
Coming Soon!

Opening Hours:
MON - THU: 09:00 - 16:00FRI & SAT: 09:00 - 21:00SUN: 09:00 - 16:00


Weekly Rent:
10% of turnover in excess of £50,000. Weekly Rent:
10% of turnover in excess of £50,000.
Listing Details
Leasehold Price: £144,995
Tenure: Leasehold
Location: Gosport, Hampshire
Sector: Bistros, Restaurants
Financials
Annual Turnover: £370,000
Contact Agent
Telephone: Upgrade to view
Agent Name: Upgrade to view
Advert Reference: 6835 / Rightbiz

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