 | Freehold Restaurant And Bar For Sale Southsea, Hampshire, United Kingdom Advert ref: 1092RA FINANCIAL DETAILS | Asking price: £650,000 Sales revenue: < £200k Net profit: < £100k Fixtures value: Undisclosed Stock value: Undisclosed |
BUSINESS DESCRIPTION | The Business Partnership is pleased to offer for sale this delightful restaurant and wine bar, which has been very recently totally refurbished and upgraded. It offers an excellent choice of Mediterranean and Italian dishes, with seafood a speciality. Currently open only in the evenings there is tremendous scope for increasing business by extending operating times.
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GENERAL INFORMATION | Years established: Run by current owner since 2005.
Employees: 2 full-time including owner plus 2 part-time.
Trading hours: Currently 5.30 to 10.30 pm 7 days
Property: Freehold
Living accomodation
Large 4 bedroomed double-glazed flat on first and second floor plus lounge, office, kitchen, bathroom, shower room, 2 x wcs. Drop down steps to loft with further storage/living space.
Location
Good location on a popular road, close to many shops with easy access & parking both outside and nearby.
Expansion potential
Currently only open in the evenings and therefore great scope for an increase in business.
Planning permission obtained for 3 x 1bed.flats plus 1x 2 bed. flats on first & second floors, if required.
Reasons for selling
Other business interests.
Financing available
Finance available subject to status
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The Business Partnership - Portsmouth, SE Hants & SW Sussex | | | |
