Thriving Cafe And Nightclub In Portsmouth Hampshire For Sale

Business description

Preferred Commercial is delighted to offer for sale this thriving café and nightclub, which was established by our clients' in 2009 and which is only now being offered to the market due to our clients' other business interests. The café is currently leased out on an informal agreement and trades 7 days a week, the agreement would be relinquished at point of sale. The nightclub trades 2 nights a week on a Friday and Saturday nights. The business has a combined turnover in the region of £160,000 with a gross profit of 50%. The nightclub provides late night music and alcohol to the general public. We feel the turnover could be increased by embarking on a modest marketing campaign and establishing a website advertising the business and services provided. A new could, if desired, utilise the property as a café during the day and a bistro at night. The café has an excellent reputation and is renowned for providing quality food and service. The premises are well-equipped to suit the trade and boast a spacious bar/café area and a commercial kitchen. We feel this is an ideal opportunity to acquire an already busy café and nightclub with huge scope for future growth. Early negotiations with Preferred Commercial must come highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 5 years
Remaining: 3 years
Review: every 5 years
Rent: £15,000 per annum

Leasehold rent:

£15,000 per annum

Location:

Mojos occupies the ground floor of a substantial property, ideally located in a busy high street in the Southsea area of Portsmouth, Hampshire. The premises benefit from ample on-street parking and are surrounded by a wealth of complementary shops and businesses. The business enjoys a high footfall and much passing trade. The area is well-served by public transport with numerous bus routes and a railway station within easy walking distance. The local amenities and attractions are nearby including the University of Portsmouth and Southsea Castle. The premises are easily accessed via the A-road network and the M275 motorway. Southsea boasts a large resident community, which is boosted by the large number of tourists that visit the seaside resort's many attractions. Portsmouth city centre lies approximately 2 miles to the north, while Gosport lies 3 miles to the west.

Premises details:

Substantial mid-parade ground floor lock-up premises. Briefly comprising:

Ground Floor
• Bar area with points of dispense, 2 x glass washers, 3 x bottle chillers, wash up sink, wash hand basin, shelving for glass storage, optics display, coffee machine and storage cupboard
• Dance floor area
• DJ booth
• Cafe area with mixed seating and tables
• Commercial kitchen with 4-burner gas hob and oven, griddle, toaster, oven, microwave oven, refrigerator and freezer
• Storeroom with shelving

External
• Covered and enclosed store area to rear

Business Operation

Trading hours:

Café:
Mon - Sat: 7:00am to 4:00pm
Sun: Closed
Nightclub:
Fri - Sat: 8:00pm to 1:00am