Licensed restaurant for sale in Southampton city centre with potential for menu expansion
Southampton, Hampshire
- Status
FOR SALE
- Advert ID
652011
- Reference
R37019P / Rightbiz
- Call Agent:
- Leasehold: £180,000
- Turnover: £381,414 (£7,335 per week)
- Profit: Not Applicable
Business Details
LICENSED RESTAURANT
Renowned LICENSED RESTAURANT, occupying lucrative SOUTHAMPTON CITY CENTRE trading position, adjacent Mayflower Theatre, close Galleries, Museums, Hotels, Railway Station and Parks, the main shopping areas and other attractions only a short walk away. Fronting busy thoroughfare, highly visible, surrounded by other popular businesses, with residential areas close by.
A deceptive substantial property, extending over 3 levels, plus trade garden, the subject of considerable investment in recent years, includes new commercial kitchen and extraction installed at a cost in the region of £90,000, benefiting from full alcohol licence, fire alarm system, and CCTV. Enjoying favourable overheads despite size and valuable trading position.
Configured to provide main 35 cover dining area, 30 cover conservatory (ideal for functions), 30 alfresco covers, bar servery, commercial kitchen, cloakrooms, and storage. Additional benefits in the form of accommodation which is always in demand, ideal for owners or staff, extending over 2 floors, currently configured to provide kitchen, sitting room, 3 double bedrooms, and 2 shower rooms.
Top performing destination business, popular with theatre goers, serving quality menu of Italian influence albeit does not include pizza for which considerable demand exists and could easily be introduced. Sound staffing structure to include long standing chef, kitchen assistants and front of house. Sales £381,414 ex Vat, Gross Profit £267,389, returning impressive six figure adjusted Net Profits offering excellent opportunity.
Leasehold £180,000 sav, Ref: R37019P
VIEWING STRICTLY BY PRIOR APPOINTMENT THROUGH THE SELLING AGENTS EVERETT MASSON AND FURBY 01404 813762.
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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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