Charming Restaurant For Sale
Advert ref: #628
Category: Food -> Restaurants
Location: England -> South East -> Hampshire -> Portsmouth
Category: Food -> Restaurants
Location: England -> South East -> Hampshire -> Portsmouth
Business for sale
Asking Price:
£69,950
Turnover:
£159,000
Annual profit:
50k to 99k
Audited accounts:
No
Management accounts:
Yes
Business description
This popular and charming full air-conditioned licensed restaurant, offers a varied selection of modern British cuisine for lunch and dinner. Voted the best restaurant in Portsmouth in 2005, by the local newspaper. There are 50 covers, and the premises have been recently redecorated and refurbished to a high standard. PRICE REDUCED FOR QUICK SALE.GENERAL INFORMATION
Employees: Owner & partner plus 2 full-time and 2 part-time.
Trading hours: Tuesday - Sunday.
Property: Leasehold
Lease terms
The premises are available on a 10 year lease, with 8.5 years remaining. Current annual rent is £26,000.
Location
Located in Portsmouth, in a busy shopping area, not too far from the sea.
Expansion potential
Sales are consistently increasing.
Advert ref: 1088RA
Employee details
Fulltime staff:
2
Parttime staff:
2