Wedding Venues for sale in Lee-on-the-Solent

View the "SEAFRONT WEDDING/FUNCTION VENUE AND RESTAURANT, HAMPSHIRE" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.

SEAFRONT WEDDING/FUNCTION VENUE AND RESTAURANT, HAMPSHIRE

Lee-on-the-Solent, Hampshire, England

  • Leasehold Price: Price on application
  • Annual Turnover: £515,574
Seller Reference: E7652DW
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: E7652DW
Request Details
Business Description
The path from the road to the beach leads to the sea facing terrace spanning the entire wide property which comprises the main restaurant with 80+ covers, the fully fitted and equipped kitchen area, a kiosk serving drinks, takeaway food and ice cream, a glass fronted conservatory which seats 20 plus 90 in the wind break area overlooking the beach, the panorama lounge (15 x 10 m) which also caters for the evening bistro/brasserie seating 80 persons, the evening cocktail bar seating 80 inside and 120+ outside on the beachfront veranda and the the new beachfront wedding and function venue seating 120 for banquet or 200 for buffet. The daytime coffee and snack lounge seats 80+ with the daytime restaurant serving breakfast and lunch. The restaurant and kitchen measures some 229 sq m (2,454 sq ft). Permanent Marquee only added a few months ago so not really promoted yet.

Established in 2006, run with 8 full time and 11 part time staff taking current £515,574 pa @ 65% g.p. Potential for over £1 million annual income. Ill health forces sale.
Trading hours:
Winter: 9 am to 4pm
Number of employees:
19
Tenure:
Leasehold
Competition:
None
Support and Training:
Available
Location Details:
In a rare and fantastic position within one of UK’s most beautiful surroundings on the south coast on the beach overlooking the Solent with unobtrusive panoramic and forever changing, always interesting views over the sea with shipping movements of large
Leasehold Term:
99 year head lease from 16 January 2007 at the rent of 5% of the net takings with a minimum of £10,000 pa.
Listed by:
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