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Restaurant & Bar American Style Diner
For Sale
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Description : |
Restaurant & Bar American Style Diner
Ref.AC150
Location Southampton
Asking Price £ 250,000
Confidentially offered for sale
The restaurant and bar was established in 2000, as a family run business. The business has run very successfully and has a large client base which includes both families and corporate clients.
The prominent location on a busy main road ensures regular repeat business and passing trade, so much so that the current owners do not need to advertise. There is a separate function room that has been recently refurbished to an excellent standard, which includes a dance floor, air conditioning, sound system and lighting for discos. The separate restaurant down stairs seats 48 people comfortably and is managed successfully with 3 full time staff |
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Staffing : |
The owner works part time in the business and in addition there are 3 full time staff & casual staff when needed |
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Tenure : |
Located on a busy main road this is a glass double fronted restaurant for 48 covers, with cash desk to front, bar to rear, commercial kitchen, customer toilets and stairs to function room. On the first floor is a function room for 160 covers which has a late licence, dance floor, sound and lighting system. There is air conditioning throughout.
The premises benefit from a 25 year renewable lease expiring in 2012 with 4 yearly rent reviews. Current rent is £18,000 per year with £6,500 business rates payable per year. |
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