SAUCE Fast Food Restaurant in Central Southampton for Sale - Owners Relocating
Southampton, Hampshire
- Status
FOR SALE
- Date Submitted:
04/07/22
- Advert ID
298227
- Leasehold: £65 (Stock at valuation)
- Rent: £15
- Turnover: On request
- Net Profit: On request
Key Features
- Fully Fitted
- Established Business
- Attractive Business
- Potential for Alternative Use
- Offers Invited
- Price Reduced
- Town Centre location
- Unique Business
- Small Business
Business Details
Licensed fast food restaurant business for sale due to owner moving abroad
INTRODUCTION
SAUCE is a well known local restaurant business established in 2018 in the area of central Southampton. The business is now for sale due to the owners moving abroad.
Over the years the business has attracted and maintained a large number of customers building up a respectable reputation and fantastic reviews across Google, Facebook and more. The business operates on a good turnover with opportunity for the business to be further improved and modernised.
The business offers a selection of high quality fast food dishes like gourmet kebab, homemade pizza, and gourmet burger. Many dishes are inspired by Polish Street Food Cuisine, such as; kebab in a home baked pide bread and famous Polish - zapiekanki.
The premises is licensed to sell alcohol (draught beer on site) and offers a seating area of around 40 people inside, as well as holding a pavement licence which allows for an extra seating of 30-40.
The restaurant offers delivery service and is available via phone in, Just Eat and Deliveroo.
LOCATION
The business is positioned on Queensway near Southampton High Street with plenty of on road parking in front of the restaurant as well as near by side roads and private parkings.
PREMISES
The premises were completely renovated and redecorated prior to opening (new electrical systems, new gas line, new fire safety installation, new alarm and cctv systems) and are maintained in good condition offering a bright and homely seating area onlooking an immaculately presented open front kitchen.
Business has a large lit up above front shop signage display with fully glazed frontage.
There is a separate storage room. Two customer toilets including disabled toilet and baby change. At the back there is a well fitted prep kitchen and pot-wash area.
The premises is equipped with quality industry standard equipment;
Front kitchen.
- 3 x kebab machines.
- Large double deck pizza oven.
- Gas griddle with stand.
- Double basket fryer.
- Single fryer.
- Double panini grill.
- Pizza prep fridge.
- Countertop saledette.
- Drinks fridge.
- Two door under-counter fridge.
- Upright fridge.
- Microwave.
- Hand wash basin.
- 6 x stainless steel tables and.
- 3 x stainless steel cupboards.
Rear kitchen.
- Commercial dishwasher.
- Dough mixer.
- Upright fridge.
- Upright Freezer.
- Under-counter fridge.
- 2 stainless steel cupboards.
- Electric four x hob with stand.
- Double sink.
- XL stainless steel table.
- Stainless steel shelving.
- Hand wash basin.
- Rear entrance.
Bar Area.
- Beer line system for two kegs.
- Under-counter alcohol fridge.
- Wall display shelving.
Storage:
- 2 x commercial chest freezers.
- Plenty of shelves.
- 2 x heavy duty metal cupboards.
Customer area:
- 2 x Chesterfield leather sofas.
- 2 x Coffe tables.
- 3 x Small benches.
- 10 x Wooden top cast iron tables.
- 3 x Black tables.
- Custom made benches.
- Plenty of chairs.
- 4 sets of custom garden tables and benches.
- 4 sets off small garden tables and chairs.
TENURE
We advise that the business is being sold on a Leasehold basis with a new lease to be agreed. The rent is 15,000 per year with zero business rates. Asking price is 65000.
For reference, we have recently agreed on a renewal of a lease for further 10 years starting from December 2022.
HOURS
The business is currently open and operating seven days a week between:
Monday: 3pm-10pm.
Tuesday: 3pm-10pm.
Wednesday: 3pm-10pm.
Thursday: 3pm-10pm.
Friday: 12pm-11pm.
Saturday: 12pm-11pm.
Sunday: 12pm-8pm.
*Allowable operation hours are between eight am-23pm with the option to apply for a late-night licence.
SUMMARY
We believe there is a great potential and opportunity to further develop the business such as on-growing demand for delivery services, ordering website, modernised till system, card payments option and more. The business was started as a family restaurant which has made it through some very tough times and we are sure that it can thrive even more in future to come with the right owner.
Early viewings are strongly advised. Full financial can be made available upon request.
Contact Agmiesza (available on request) / Jakub (available on request)
Website
Social Profiles
Review Profile
Map
What's Nearby
Listing Statistics
Contact the seller for more details, or book a viewing
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
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