Italian & Brazilian Restaurant & Takeaway for Sale – Portsmouth PO5

About this listing

Italian & Brazilian Restaurant & Takeaway for Sale – Portsmouth Asking Price: £25,000 Annual Rent: £25,000 (£2,083 per month) Business Rates: No Business Rates Address: Southsea, Portsmouth, PO5 3LU An excellent opportunity to acquire an established Italian & Brazilian restaurant and takeaway in a busy location in Southsea, Portsmouth. The business has been successfully operating for approximately 6 years and benefits from an established customer base, a fully equipped commercial kitchen and a full alcohol licence. Key Features • Fully licensed restaurant and takeaway • A3 planning use • Alcohol licence • Fully equipped and ready to operate • Established customer base • Busy road with strong footfall • Close to shops, restaurants, supermarkets and local amenities • No business rates Lease Details • Asking premium: £25,000 • Current lease: Approximately 15 years remaining • New lease may be available, subject to landlord approval • Annual rent: £25,000 (£2,083 per month) • Six months’ rent holding deposit required Equipment Included The premises come with a range of equipment, including: • Fridges and freezer • Tables and shelving • Till system • Commercial hob • Fryer and grill • Television • Newly fitted kitchen floor The restaurant is ready for a new owner to take over, offering an opportunity to continue the existing operation or develop the business further. Reason for Sale The current owner is selling due to family relocation. An ideal opportunity for anyone looking to take over an established, fully equipped and licensed restaurant in a busy Southsea location.