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Established Marina Bistro/Restaurant - In Hampshire For Sale

Hampshire
Asking Price:
£144,995
Turnover:
£370,000
Net Profit:
Available on request

Prominent Marina Trading Location
Annual Turnover £370,000
Further Financial Info Available After Viewing
Free Parking On Site
Seating For 50 Inside & 50 Outside
Fantastic Online Reviews
Beautifully Presented Throughout
Professionally Equipped
Reliable Staff In Place
Scope To Introduce Deliveries
Scope For Evening Trade
Could Accommodate Any Cuisine
EPC – C

REF 6835 – Leasehold Marina Bistro/Restaurant

Blacks Brokers are pleased to bring to the market this leasehold marina bistro/restaurant located in Gosport Marina, Hampshire.

Introduction

The Boathouse Gosport has been trading on Gosport Marina since 2011. Our client established the business here due to the high amount of footfall generated by the busy surrounding area. The business is extremely well known and has a superb reputation with a large base of regular customers and excellent reviews noted on Google, Trip Advisor, Yelp and Facebook.

Location

The business is positioned within the busy Gosport Marina. This is close to Gosport town centre with many large multiples such as Morrisons and Halfords. The business is overlooking Portsmouth Harbour and the Spinnaker Tower at Gunwharf Quays. The business has good public transport links with Gosport Ferry running every 7.5 minutes to Portsmouth Harbour and National Rail trains to London in 1.5 hours. The area is well linked by the M27 and free parking is available on site.

Reason For Sale

The business would be ideally suited to a hands-on owner-operator but due to our client’s other business interests the business is managed by staff and therefore offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

Lease

The building is available on a competitive rate on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a fifteen year lease which began in 2011. This runs at a cost of 10% of turnover in excess of £50,000. In recent years this has been around £615 per week.

Staff

The business is currently operating with twelve members of staff in employment including a manager.

Financial Details

The Boathouse Gosport has traded well during the last eight years. We are advised that the business currently has annual turnover of £370,000 with gross profit to be confirmed. Full financial details are available upon viewing.

Business Rates

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

Summary

This leasehold business occupies a superb trading position within the beautiful Gosport Marina – this provides a captive customer base of locals and a consistent amount of passing trade from sailors utilising the marina all year round. There is plenty of scope to develop the business further with some the introduction of new, longer opening hours and a delivery service is in high demand in this area. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

Mon - Thu: 09:00 - 16:00
Fri & Sat: 09:00 - 21:00
Sun: 09:00 - 16:00

Contact Information

    1. Your Address

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  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

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