Restaurants for sale in Portsmouth

View the "Beautifully Presented American Diner & Takeaway" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

 A great experience – we had more buyer enquiries through Daltons and the exposure was invaluable to the eventual sale 

Brian Marshall (May 2014)
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Annual Turnover: £250,000 Annual Net Profit: £50,000
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Business Description


Intelligent Business Transfer are extremely pleased to be able to offer for sale this leasehold American themed gourmet burger restaurant that is locally and more widely renowned for its food, with clientele visiting from as far as London.

All products are handmade by the chef and staff using the best local ingredients. Frequented regularly by the local student quarter, a large local clientele and theatre going crowd, this opportunity is ideal for a husband and wife team to grow and already excellent existing trade, and take it to the next level.

Curiously, historic 1980’s accounting archives found on the top floor point to a turnover of £850,000 per annum. Recent annual turnover points to sales of £250,000 with a gross profit of 62% and adjusted net profits of £50,000. Held on a 10 year lease with 8 years remaining via a private landlord and subject to a rent of £35,000 per annum including the residential accommodation above, the lease is renewable at its end.

This is a great opportunity for a partnership to drive an already healthy restaurant business forward, where the addition of further online marketing and local theatre promotions, and social media incentives that could work alongside the newly installed ‘Zapper’ mobile phone payment system would be of great benefit.

Our clients have been local business owners for many years and operated other businesses within the town, and are offering the restaurant for sale due only to early retirement age.
Number of Employees: 4

Listed by: Intelligent Business Transfer
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