Stunning Cafe Bar In An Amazing Location For Sale - Portsmouth, Hampshire, United Kingdom

Asking price: £365,000

Sales revenue: £500,000

Inventory value: £4,000

Business description: Le Cafe Parisien is an award winning and highly acclaimed business which has been in the same ownership for the last 6 years. It offers hot and cold food all freshly prepared on the premises, with a stunning selection of menu choices to suit all tastes. This business is primarily Manager run with some help (interference) from the current owner. This business maitains a very high GP, last years was recorded at over 74%. Le Cafe Parisien is as busy at lunchtimes as most restaurants on a Saturday night, hence that tables are only usually available by reservation. This just adds to the fact that this a rare opportunity to acquire a highly profitable business. Currently the bar does not open passed 8.00pm during the week, hence offering massive scope for expansion of the trading hours. In addition there are options to change the weekend trading times to include Saturday nights and Sundays. This is a fully licensed business (including public entertainment licence) and is free of any tie. The restaurant holds approx 85 people inside and a further 100 on the terrace, this also benefits from electric blinds which automatically deploy to shield dinners from the sun (when we get some)!

Years established: 8

Employees: 20

Trading hours: Mon-Fri 8.00am-8.00pm. Sat 9.00am-6.00pm. Sunday Closed

Property : Leasehold

Lease terms: 13 years remaining at £16,400 pa. With 5 yearly reviews at no greater than RPI

Location: Amazing location directly next to Portsmouth University and within 2mins of the main Law Courts and many of the City Council Offices. Which ensures an extremely high footfall

Expansion potential: This would an ideal business from which to expand to multiple sites, either through franchising or the direct expansion route. Extending the opening hours to include evening and weekends would give a great opportunity to develop the business further.

Support & training: This business is primarily Manager run, I would see no reason why they wouldn't continue in that role to facilitate a successful transition. The current owner would also be happy to assist for an agreed period of time.

Reasons for selling: Retirement

Financing available? Assistance could be provided to the right applicant

This business for sale has a website: www.lecafeparisien.com