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Licensed Mediterranean Restaurant In Southampton For Sale

Southampton, Hampshire
Asking Price:
£125,000 Furniture / Fixtures included
Turnover:
£624,000
Net Profit:
Available on request

Mediterranean restaurant with full on-licence, occupying a prime posn, close to theatre & station, city centre, southampton. Tastefully furnished with 50 covers and well-equipped catering kitchen. Run by couple. Takings fluctuate between £8,000/£12,000 pw. GP 65%. Scope to extend opening hours. Lease with approx. 10½ years remaining at current rental of £18,000 p.a.x. - £125,000 + S.A.V. (Ref. C.3747)

Property information

Property:

Leasehold

Lease Terms:

Lease with approx. 10½ years remaining at current rental of £18,000 p.a.x.

Leasehold Rent:

£18,000 per annum

Location:

Occupying a prime position, close to the Theatre and Train Station, in the city centre, Southampton.

Premises Details:

Tastefully furnished with 50 covers and a well-equipped catering kitchen.

Energy Performance Rating:
B

Business Operation

Expansion Potential:

Scope to extend the opening hours.

Trading hours:

Open 5.00pm to 9.00pm (last orders), 5 to 7 nights a week and 12/noon to 3.00pm on Thursday, Friday and Saturday.

Employees:
3 or 4 part-time staff.

Contact Information

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