Restaurant Business for Sale in Southsea

Southsea, Hampshire
REF: BIZ3330

Asking Price:
£120,000
Annual Turnover:
£364,000
Annual Net Profit:
TBC
REF: BIZ3330
Photo of Restaurant Business for Sale in Southsea
Photo of Restaurant Business for Sale in Southsea
Photo of Restaurant Business for Sale in Southsea
Photo of Restaurant Business for Sale in Southsea

Overview

Tenure:
Leasehold
Established:
1992
  • Excellent Reputation
  • Friendly & Professional Team
  • Very Loyal Customer Base
  • Equipment Included
  • Strong Supplier Relationships

This is an excellent, unique opportunity to purchase a Restaurant business situated in Southsea. Having now built up a very strong and recognised brand, the business has quickly gained momentum since being established in 1992. The business has gone from strength to strength, solidifying a loyal customer base and gaining a spectacular reputation in the local area. A new owner could easily take over this business and continue trading straight away.

It is in an ideal location, close to all local amenities, meaning there are naturally high levels of passing trade. It also benefits from close by parking facilities.

Despite firm foundations set, there are many ways to grow the business further. To continue the success of the business, the new owner would ideally have experience within the industry. The business’s current reputation has mainly grown through word of mouth, meaning further local and online advertising could see even higher profits.

Features

Key Information

  • Number of Covers: 110
  • Delivery Services: Deliveroo, Just Eat, Uber Eats
  • External Catering: Yes

Reputation

  • Google: 4.3
  • TripAdvisor: Very Good

Online Presence

  • Facebook: Yes
  • Instagram: Yes

Location

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  • Close to Local Businesses
  • High Footfall

Property

Annual Rent
£25,000
Annual Rates
TBC
Lease Term
10
Lease Expiry
TBC
Accommodation Included
No
EPC
C 69-80

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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