Profitable Mediterranean Restaurant & Bar with Luxury S C 2 Bed Flat In The City Centre, Southampton

Southampton, Hampshire

Status

FOR SALE

Date Submitted:

22/07/21

Advert ID

280032

Reference

C3825 / Rightbiz
Leasehold: £195,000
Annual Rent: £52,000
Annual Turnover: £1,000,000
Annual Net Profit: Available upon request

MEDITERRANEAN RESTAURANT & BAR (FULL-ON LIC), WITH LUXURY S/C 2 BED FAMILY FLAT, PROMINENT POSN, CITY CENTRE, SOUTHAMPTON. Character Grade II Listed Bldg. Estab 25 yrs. Fitted out in an authentic Mediterranean style. Well equipped bar with adj. 40 cover restaurant & first flr mezzanine seats 40. Terrace seating for 28. Catering kitchen. Desirable 2 dble bed S/C flat with views. Current Average Gross Takings £25,000 pw. Overall GP 68%. Accounts available. 16 year lease from Dec 2017 at current rental of £52,000 p.a.x. - £195,000 S.A.V. (Ref. C.3825)MEDITERRANEAN RESTAURANT & BAR (FULL-ON LIC), WITH LUXURY S/C 2 BED FAMILY FLAT, PROMINENT POSN, CITY CENTRE, SOUTHAMPTON. Character Grade II Listed Bldg. Estab 25 yrs. Fitted out in an authentic Mediterranean style. Well equipped bar with adj. 40 cover restaurant & first flr mezzanine seats 40. Terrace seating for 28. Catering kitchen. Desirable 2 dble bed S/C flat with views. Current Average Gross Takings £25,000 pw. Overall GP 68%. Accounts available. 16 year lease from Dec 2017 at current rental of £52,000 p.a.x. - £195,000 S.A.V. (Ref. C.3825).  PLEASE VISIT OUR WEBSITE: www.andrewgreenwood.com

Key Features
  • Free of Tie Leasehold
  • Prime Location
  • High Turnover
  • Attractive Business
  • Town Centre location
  • Split Level Trading Area
  • Accounts Available
  • Established Business
  • Close to Local Amenities
  • Fully Fitted
Contact Agent
Advert Reference:
C3825 / Rightbiz
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