Restaurants for sale in Hampshire | Bizdaq
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Popular Italian/American Restaurant & Bar For Sale In Portsmouth & Surrounding

Portsmouth & Surrounding, Hampshire

Asking Price £19,500 (or open to offers) +SAV
Turnover £221,759
Reference BIZ5881

Business overview

I am selling my well established restaurant the italian bar & grill in Southsea, Portsmouth, after 10 years of trading, I am only asking for the price of the fixtures & fittings

Business details

  • Property type
  • Net profit
  • Accommodation
  • Staff
  • Rent per annum
  • Reason for sale

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Business description

NB. Anyone serious about buying this restaurant please make an appointment to view the property & I will answer any questions then.
The restaurant is particularly large & also has a lounge area with 7 sofas & a large garden with a multitude of plants, herbs & flowers, the garden has tables & chairs which are used for eating, drinking & smoking.
The restaurant has 31 tables & approx. 70 chairs & is divided into 2 main areas one of which has a proper pub bar.
The restaurant is at the moment closed Mondays & Tuesdays & weekday lunchtimes so there is a lot of scope to improve turnover.
There are 6 large rooms above, 4 of which are rented out for extra revenue, one is used for owner accommodation & the last is used for storage. The upstairs has its own entrance, lobby area, shower room, toilet & kitchen with central heating & smoke alarms throughout connected to a central independent fire alarm system.
Please see theibar.co.uk for more photos.

Business location

This restaurant is in a popular corner of Southsea near a few small shops, restaurants & bars.

Sector specific information

  • Number of covers
  • Opening hours
  • License held

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