Mexican Restaurant and Bar, prominent corner site, amidst a student area, in Southampton, Hampshire.

Southampton, Hampshire

Status

FOR SALE

Date Submitted:

25/09/21

Advert ID

283431

Reference

C3813 / Rightbiz
Leasehold: £240,000
Annual Rent: £46,392
Annual Turnover: £560,000
Annual Net Profit: Available upon request

THRIVING MEXICAN RESTAURANT & BAR (FULL ON-LIC), OCCUPYING PROMINENT CORNER SITE, SOUTHAMPTON.  Family run business. Same hands 12 years. Retirement sale. Offering authentic Mexican cuisine. Popular with locals & students. Eye-catching restaurant has covered external seating for 40, with internal Latin themed, split-level seating for 60 covers. Well equipped bar & catering kitchen. Open 11 am to 11 pm – 6 days. Recorded gross T/O approx. £560,000 (inc. VAT). GP 65%. Accounts available. Offered with new lease, terms to be agreed, at current rental of £46,392 p.a., which is substantially off-set by letting 3 S/C flats above, that produce a rental income of £29,400 p.a. OIRO £240,000 S.A.V. (Ref. C.3813).  PLEASE VISIT OUR WEBSITE: www.andrewgreenwood.com

Key Features
  • Close to Local Amenities
  • Accounts Available
  • Town Centre location
  • Offers Invited
  • Established Business
  • Split Level Trading Area
  • Retirement Sale
  • Fully Fitted
  • Free of Tie Leasehold
  • Attractive Business
  • New Lease
  • Price Reduced
Contact Agent
Advert Reference:
C3813 / Rightbiz
Listing Statistics
Impressions
i
The impression statistic is how many people have seen this advert on the search page.
:
Views
i
The view statistic is how many people have viewed this advert.
:
Enquiries
i
The total enquiries statistic displays how many people in total have made an enquiry to the advert.
:
Interested
i
The percentage rate displays the percentage of people that are interested in this business for sale.
:
Watching
i
This figure shows a number of people that have shown interest in this business for sale.
:
Last Viewed
i
The last viewed statistic displays when the last user has viewed this advert.
:
Last Updated
i
The last updated statistic displays when the last time the seller has updated its details.
:
Last Enquiry Received:
Contact the seller for more details, or book a viewing
Disclaimer
The data showed regarding this advert 'Mexican Restaurant and Bar, prominent corner site, amidst a student area, in Southampton, Hampshire. - C3813 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.
Find out more about the business by contacting the seller