Restaurant/cafe for sale in Southampton, Hampshire SO14

£725,000
Restaurant/cafe for sale
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Property features

  • Well established Gastro Pub with three bedroom two bathroom owner’s accommodation
  • Wt £11,000, great potential for growth, valuable equipment and fittings
  • Prominent trading position, superbly presented throughout
  • Viewing highly recommended

Property description

Reference - 47836

Description
The Platform Tavern is located facing the Red Funnel Ferry Terminal in Town Quay, Southampton.

Southampton is the largest city in Hampshire and is located 19 miles from the city of Portsmouth and 75 miles from London. It is a major port with four main ferry terminals and is the closest city to the New Forest.

The Platform Tavern benefits from an exceptional trading position next to the Southampton Cruise Terminal and the Red Funnel Ferry Terminal, providing a regular passing trade. In addition to this, the gastro pub is surrounded by residential apartments and offices.

The present owner took over The Platform Tavern in June 1997 taking it from a run-down quiet maritime themed establishment that had seen better days to a thriving and ambient Traditional English Pub it is today. The décor today has an ethnic feel with walls adorned with masks, relics & pictures many of which the owner has acquired from his travels abroad to make this pub truly homely & unique.

Over the years The Platform has built up a good reputation, 4 Stars on Tripadvisor, for its live music bringing some of the best acts from far away lands to local hero’s playing an array of original music with the bulk being Blues & Roots acts.

The food produced is of restaurant standard with local produce as a priority. The menu is varied from Pub classics to more exotic flare. The Platform has become renowned for its short-crust Desperate Dan style pies, Fresh fish & Sunday lunches.

The pub was featured in the James Cameron Hollywood movie, Titanic and is renowned for having part of the old walls housed in the pub dating back to 1350.

Having successfully operated in the area dating as far back as 1350 and under current ownership for the last 23 years, this business has become very highly renowned and earned itself an excellent reputation for offering a traditional pub feel. Due to the nature of the business the owners benefit from a large number of satisfied customers, therefore attracti

Accounts
Available accounts are to year end July 2018 and are summarised below:

2018 - Sales £559,617 gp £131,911


2017 - Sales £605,967 gp £160,031



Building External
The business operates from a highly visible and imposing three storey property, which has been extensively
refurbished throughout offering deceptively spacious and versatile business and private accommodation. To the front of the property is seating for 20 covers.

Building Internal
The ground floor entrance via main roadside doors, you will find an open plan bar area with 30 covers and central wooden bar server. Also, there is a restaurant area that has 40 covers and beer cellar.

To the first floor is a fully fitted commercial kitchen and office area.

Externally there is a seating to the front with sun canopies, ideal for al-fresco drinks, especially during the warmer months.

Summary
An ideal opportunity for a hands on operator to take this business on to the next level and to further develop the customer base by taking advantage of the location and reputation gained under the current ownership.

An inspection is highly recommended to fully appreciate the overall business opportunity and coastal location.

Tenure
We are advised that the property is freehold.

Trading Hours
Sunday – Wednesday 12:00 – 23:00
Thursday – Saturday 12:00 – 00:00

Staff
The business operates with 6 full and 5 part time staff.

Residential Accomodation
Owners accommodation is over the first and second floors, comprising three bedrooms and two bathrooms.

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

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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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