Restaurant/cafe for sale in Southsea, Hampshire PO5

£89,000
Restaurant/cafe for sale
Interested in this property? Call +44 1772 913303 * or Request Details

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Property features

  • Very Popular & Busy Cafe listed Top 10 in Portsmouth on TripAdvisor, Excellent tourist location.
  • 2019 Annual turnover £166,714 and increasing. Turnkey Business.
  • Alcohol License, Opening hours can be extended, Evening and delivery trade potential.
  • Viewing highly recommended

Property description

Reference - 47228

Description
This is a superb opportunity to purchase a well, established and profitable café, with excellent potential for sustained and future growth with 34 internal and 4 external covers. This beautiful business has over the years, become an essential part of the local community thus helping it to grow into the business it has become today.

Having successfully operated in the area for over 30 years and under current ownership for the last 13 years, this business has become very highly renowned and earned itself an excellent reputation for offering the finest hot and cold meals, breakfasts, lunches, tea’s, coffees, cakes and biscuits within this very popular tourist area, to the local community as well as to the high number of footfall and passing trade as well as a high number of residence.

The business always provides a warm, friendly and a very local smile. The business therefore enjoys an extensive and loyal customer base attracting repeat trade from the immediate vicinity as well as neighbouring villages and towns as well as the high number of visitors to the area.

The current owners introduced an on trend vegan and vegetarian menu which has increased its customer base due to the style of ordering from the menu which welcomes all dietary requirements.

The business operates from highly visible single fronted premises, which is presented to an excellent standard, with a fully working kitchen plus an excellent range of fixtures and fittings to go with the sale.

The business is thriving and lucrative, which is currently operated by the 2 owners, 1 full time and 3 part time staff, which operates for 6 days of the week.

The business also offers excellent scope for future growth and improvement and would therefore ideally suit an ambitious and energetic business person, couple or family that have the opportunity to extend and add to the menu already on offer at this excellent cafe and with the additional of extra opening hours or delivery service.

The

Sales
2018 Annual turnover £165,079

Accounts
Current records and accounts can be inspected when viewing.

Trading Hours
Current Trading Hours
Tue - Fri 9am- 3.30pm
Sat 9am -4pm
Sun 9.30-3pm

Trading hours licenced for
Mon - Wed 8am - 6pm
Thurs- Sat 8am -10pm
Sun 9am - 5pm

Alcohol Licensed hours
Mon - Wed 10am - 5.30 pm
Thur - Sat 10am - 21.30pm
Sun 10am - 4.30

Staff
Operated by the 2 owners, 1 full time and 3 part time staff

Building External
Single fronted premises occupying central position within the area and opposite a main supermarket. This is a lock up business.

Building Internal
The main serving and till areas for the business are located to the rear, upon entrance to the business where you can also find a well, lit and traditional 34 covers. The main kitchen and storage areas are also to the rear of the business.

Residential Accommodation

No accommodation


Tenure
We are advised that the business comes to market as a Leasehold expiring in Oct 2023 and a rent of £3125 per quarter.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

Summary
A fantastic and very rare opportunity to, purchase a highly profitable business with terrific potential for future growth and improvement. Viewing is highly recommended.

Arrange Viewing

For more information about this property, please contact
Kings Business Transfer, PR2 on +44 1772 913303 * (local rate)

Contact Kings Business Transfer about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Kings Business Transfer, and do not constitute property particulars. Please contact Kings Business Transfer for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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