Bistros for sale in Southampton

View the "Licensed Spanish Restaurant & Tapas, Overlooking the Town Quay, Southampton" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 I’m really happy having just sold my online business within 2 weeks of advertising on Daltons 

Sarah Davies (June 2014) View More
Freehold Price: £1250000 Leasehold Price: £150000 Annual Turnover: £591,206 Annual Gross Profit: £402,808
Request Details
Business Description
LICENSED SPANISH RESTAURANT & TAPAS BAR, WITH S/C 2 BED FAMILY FLAT & P/P TO EXTEND, PROM MAIN RD POSN, OVERLOOKING TOWN QUAY, SOUTHAMPTON. Character Grade II Listed Bldg, abutting ancient city walls. Estab by Vendor 22 yrs ago. Fitted out in a typical Spanish style. Well equipped bar with adj. 50 cover restaurant & first flr mezzanine seats 70. Terrace seating for 20. Catering kitchen. Desirable 2 dble bed S/C flat with views & P/P to extend. Takings £13,000/£15,000 pw. Accts for 47 week period record T/O of £591,206 (ex VAT). GP £402,808 (68.13%). – OIRO £1,250,000 + S.A.V. FREEHOLD, OR, avail. with new lease at initial rental of £60,000 p.a.x. - £150,000 + S.A.V. (Ref. C.3665). PLEASE VISIT OUR WEBSITE: www.andrewgreenwood.com
Trading Hours:


Open for lunch from 12.00 noon till 2.30/3.00 pm and in the evening from 6.00 pm to 10.00/10.30 pm – 7 days. NB We understand that the bar has a full on-licence and can serve alcohol between 10.00 am and midnight, 6 days a week and on Sunday from noon until 11.30 pm.


Number of Employees: 10 Staff are currently employed.

Tenure: Freehold, Leasehold

Number of bedrooms: 2

Accommodation Details:

• Stairs from ground floor entrance hall give access to the owners self-contained, first floor flat, that enjoys views across the River Test • The flat comprises: a large, triple aspect lounge with open plan kitchen area, a double bedroom with en suite bath, toilet, wash hand basin and shower cubicle, above which a useful office area has been created; a further large double bedroom and a shower room with toilet and wash hand basin • On the second floor there is a large attic store, a staff changing room and a toilet with wash hand basin • NB We understand that Planning Permission has been granted for a fourth floor extension that would create a 3 bedroom duplex apartment, with living room and kitchen/dining room. In addition the first floor flat would be extended to include an en suite double bedroom and separate kitchen. Moreover, the ground floor restaurant kitchen would also be extended and this would include the relocation of the customer toilets, food preparation area and staff changing room

Location Details:

Occupying a prominent main road position, overlooking the Town Quay. Situated just around the corner from the High Street, opposite the Red Funnel Ferry Terminal to the Isle of Wight (and proposed marina development), being within a short walk of a 5 star hotel and Boat Show venue

Leasehold Term:

Freehold. However, the business with living accommodation is available to be purchased with a new FRI lease, term to be agreed, commencing at an initial rental of £60,000 per annum, exclusive.

Website:

Listed by: Andrew Greenwood
Find out more about this business for sale opportunity by submitting the form below.
Contact Details Fields marked with an * are required by the seller
* * *
* * *
* *
* *

What happens next?
  • 1We send your email to the business seller
  • 2They will be in contact with you as soon as possible
Would you like ASC to contact you about finance options?
This is a no-obligation service. You will ONLY be contacted by your local
ASC Finance director. Your details will not be passed on to any third party.

C3665
Seller Reference:
Bookmark and Share
You May Also Like...
loading...