£250,000
Restaurant for saleSouthampton, Hampshire SO15
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About this property
Renowned licensed restaurant, occupying lucrative southampton city centre trading position, adjacent Mayflower Theatre, close Galleries, Museums, Hotels, Railway Station and Parks, the main shopping areas and other attractions only a short walk away. Fronting busy thoroughfare, highly visible, surrounded by other popular businesses, with residential areas close by.
A deceptive substantial property, extending over 3 levels, plus trade garden, the subject of considerable investment in recent years, includes new commercial kitchen and extraction installed at a cost in the region of £90,000, benefiting from full alcohol licence, fire alarm system, and CCTV. Enjoying favourable overheads despite size and valuable trading position.
Configured to provide main 35+ cover dining area, 30+ cover conservatory (ideal for functions), 30+ alfresco covers, bar servery, commercial kitchen, cloakrooms, and storage. Additional benefits in the form of accommodation which is always in demand, ideal for owners or staff, extending over 2 floors, currently configured to provide kitchen, sitting room, 3 double bedrooms, and 2 shower rooms.
Top performing destination business, popular with theatre goers, serving quality menu of Italian influence albeit does not include pizza for which considerable demand exists and could easily be introduced. Sound staffing structure to include long standing chef, kitchen assistants and front of house. Sales £381,414 ex Vat, Gross Profit £267,389, returning impressive six figure adjusted Net Profits offering excellent opportunity.
Leasehold £250,000 sav, Ref: R37019P
A deceptive substantial property, extending over 3 levels, plus trade garden, the subject of considerable investment in recent years, includes new commercial kitchen and extraction installed at a cost in the region of £90,000, benefiting from full alcohol licence, fire alarm system, and CCTV. Enjoying favourable overheads despite size and valuable trading position.
Configured to provide main 35+ cover dining area, 30+ cover conservatory (ideal for functions), 30+ alfresco covers, bar servery, commercial kitchen, cloakrooms, and storage. Additional benefits in the form of accommodation which is always in demand, ideal for owners or staff, extending over 2 floors, currently configured to provide kitchen, sitting room, 3 double bedrooms, and 2 shower rooms.
Top performing destination business, popular with theatre goers, serving quality menu of Italian influence albeit does not include pizza for which considerable demand exists and could easily be introduced. Sound staffing structure to include long standing chef, kitchen assistants and front of house. Sales £381,414 ex Vat, Gross Profit £267,389, returning impressive six figure adjusted Net Profits offering excellent opportunity.
Leasehold £250,000 sav, Ref: R37019P
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