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Well Presented Contemporary Bar In Portsmouth For Lease

Portsmouth, Hampshire, UK
Asking Price:
£95,950 Furniture / Fixtures included
Sales Revenue:
Available on request
Cash Flow:
Available on request

A Well-Presented Contemporary, Fun Bar Located In A Vibrant Area Of Southsea, Close To The City Of Portsmouth In Hampshire

This business, with a heritage of nearly 20 years, was acquired by the proprietor about a year ago and is only being sold due to health issues.

The bar, with 5* hygiene rating and alcohol licence from 8am to 11pm, sells quality beers, wines and spirits along with cocktails and soft drinks, including tea and a range of coffees. It also serves a daytime lite bites menu between from 12noon to 5pm including toasties, jacket potatoes, chilli con carne and nachos. The bar is also stocked with freshly filled rolls each day. A Sunday roast with all the trimmings is served weekly between 12noon to 3pm weekly.

The premises occupies two floors and has recently undergone a refurbishment to both the bar and dining areas, including rope lighting.

We understand that the lease for the premises has a further 9 years to run, with a current annual rent of £11,000. The business rates, after small business relief, are currently £nil.

This is an excellent opportunity to acquire a newly refurbished, busy and growing bar and diner, in the Southsea, Portsmouth, with opportunity for further growth by opening all week and for longer hours. The proprietor is happy to offer a hand-over.

Offers in the region of £95,950 + stock at valuation for the Lease, Business Goodwill, Equipment and Fixtures & Fittings

Viewing - Appointments to view this business must be made through Management Inspirations Limited by contacting this office. Under no circumstances approach the vendor(s), or their staff directly. Contact Management Inspirations Limited for Full Details.

Property Information

Property:

Leasehold

Leasehold Type:
Existing
Location:

This well-presented contemporary, fun bar is located in a vibrant area of Southsea close to the city of Portsmouth in Hampshire.

Premises Details:

The premises occupies two floors and has recently undergone a refurbishment to both the bar and dining areas, including rope lighting.

Business Operation

Years established:
20 years

Contact Management Inspirations Limited

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