Close

Choose your country

Or view all businesses for sale

Worldwide

Advertisement

High Turnover Italian Restaurant In Lyndhurst For Sale

Lyndhurst, Hampshire, UK
Asking Price:
£425,000 Furniture / Fixtures included
Turnover:
£1,300,000
Net Profit:
£100K - £250K

High turnover restaurant with full on-lic, fronting busy ‘a’ rd with views across open forest, outskirts of new forest village, Lyndhurst, Hampshire. Character prop circa 1900. Tastefully furnished 130 cover restaurant with adj. cocktail bar, S&W facing alfresco seating for 80. Lge superbly fitted kitchen with extensive inventory. Trade gdn. 42 space car park with lge free car park nearby. Owners/staff accom comprises 2 more or less S/C 1 dble bed flats, a studio flat & in addition 3 staff bedrms, etc. Retirement sale – same hands 25 years. Ave gross takings £25,000 pw. Recorded Gross T/O of £1,100,000 – for a 39 week period. GP 70%. Scope to open Sun, Mon & for afternoon & later evening opening. New lease at initial rental of £75,000 p.a.x. (Freehold Available) – OIRO £425,000 + S.A.V. (Ref. C.3847)

Property Information

Property:

Leasehold

Lease Terms:

The premises are offered with a new full repairing and insuring lease (term negotiable), commencing at an initial rental of £75,000 per annum, exclusive. Freehold Available.

Leasehold Rent:

£75,000 per annum

Living Accommodation:

• Owners or staff accommodation comprises, on the first floor: 2 more or less self-contained 1 double bedroom flats, which include a sitting room, a modern fitted kitchen and shower room with toilet
• A recently converted self-contained, first floor studio flat
• In addition there are 3 staff bedrooms (2 double), a staff lounge, kitchen, shower room and toilet. There is also an office

Location:

Occupying a prized position, fronting a busy 'A' road on the outskirts of the greatly visited New Forest Village of Lyndhurst.

Premises Details:

• Character property circa 1900 was formerly a Public House and has all main services
• Tastefully furnished, 130-cover Restaurant with adjoining Cocktail Bar
• South and west facing alfresco seating for 80
• Large superbly fitted catering kitchen (3-phase), includes extensive inventory of equipment
• Dry store, cellar, small yard and double garage/store
• 36 space, pea-shingle covered car park plus 6 staff car parking spaces
• Adjacent trade garden with assorted children’s play furniture (rented from Ministry of Agricultural and Fisheries for £750 per annum)

Energy Performance Rating:
D

Business Operation

Expansion Potential:

Scope for afternoon opening, Sunday & Monday opening and much later evening opening, especially in the summer.

Reasons for selling:

Retirement.

Trading hours:

Currently open 12.00 noon until 2.30 pm and reopening at 6.00 pm until 10.30 pm from Tuesday to Saturday.

Employees:
6 full-time kitchen staff, 3 full-time waiters and 3 part-time staff.
Years established:
Same hands 25 years

Contact Andrew Greenwood

  1. This email address is already registered. Log in to continue.
      1. Postcode not found. Please try again

    1. or
  1. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

  2. What will happen?

    When you tick this box we will pass a copy of your details (excluding your message) along with the name of the business you enquired on to finance specialists Bowmore Funding. They will contact you about financing your business purchase.

By submitting this form, you confirm that you agree to our terms and conditions. Please note that BusinessesForSale.com will send the above details to Andrew Greenwood. For more information about how we use your data, read our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Trial available.

Sell Your Business