Advert Details

Restaurant & Coffee Shop For Sale

Details: Asking price:£160,000; Sales revenue:£200k < 500k; Net profit:< £100k; Fixtures value:Undisclosed; Inventory value:Undisclosed

Business description: This is an attarctive and desirable restaurant and coffee shop, in a much sought after location in Southsea. Focussing on both French and English cuisine, the business serves an excellent selection of lunches and meals, as well as a variety of sandwiches and baguettes, and has a loyal regular clientele. The business is successful and profitable, and will produce a good income for the purchasers from day one.

General information: Trading hours: 8.00-5.00 Monday to Saturday. 9.00-3.00 Sunday.; Property:Leasehold; Lease terms:The business is available on an original 11 year lease, with 8 years remaining. Current annual rent is £11,500.; Location:The business is well located on a popular, sought after road in the area, with parking outside and nearby.; Expansion potential:As the business is currently only open during the day, there is plenty of scope for business development through extending the opening hours to include some evenings, particularly the weekends.