Italian/Brazilian restaurant and takeaway for sale in Portsmouth Hampshire
Portsmouth, Hampshire
- Status
FOR SALE
- Advert ID
656044
- Leasehold: £25,000
- Rent: £25,000 (£2,083 per month)
- Turnover: On request
- Profit: On request
Key Features
- A3 and alcohol licence
- Established customer base
- Close to local amenities
- Alcohol licensing available
Business Details
Italian Brazilian restaurant & takeaway
For sale is a fully licensed restaurant and takeaway situated in the vibrant town centre of Portsmouth, Hampshire. This established business, operational for six years, is primed for a new owner to step in and begin trading immediately. The leasehold is available for £25,000, with an existing lease of 15 years remaining or the possibility of a new lease offered by the landlord.
A holding deposit equivalent to six months' rent is required.
The premises come fully equipped with essential appliances, including fridges, a freezer, tables, shelves, a till, a hob, a fryer, a grill, a television, and a brand new kitchen floor. This comprehensive setup allows for seamless operation without any further investment in equipment.
Located on a busy road, the restaurant benefits from a prime position surrounded by an array of amenities such as shops, restaurants, supermarkets, and public services, all of which effectively attract a steady stream of customers. The foot traffic in the area presents a valuable opportunity for growth in the takeaway sector.
The current owner is selling due to a family relocation, providing a perfect opportunity for someone eager to take over a well-established operation.
Key Features
The restaurant boasts a well-equipped kitchen featuring modern appliances and ample storage space. Its cosy dining area creates a welcoming atmosphere for patrons, complemented by an established brand presence that includes signage and marketing materials. In addition to offering dine-in options, the establishment is also set up for takeaway service, catering to a broad range of customer preferences. The strategic location ensures high visibility and significant foot traffic.
Operational Insights
The restaurant has maintained operations seven days a week, holding a license to operate from 10 AM until 3 AM. It is currently open and trading successfully, with an upward trend in turnover over the past year, details of which can be discussed upon request. The business is staffed by the owner, their spouse, and two other employees, ensuring a dedicated team is in place.
Online Presence and Support
The business maintains an online presence through its website at mammamiaportsmouth.co.uk. Should the new owners require training, the current owner is willing to provide support to ensure a smooth transition.
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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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