Busy Restaurant, Bar & Lounge for Sale in the City of Southend-on-Sea

Southend-on-sea, Essex
REF: INT2904

Asking Price:
£295,000
Annual Turnover:
£1,567,061
Annual Net Profit:
£119,364
REF: INT2904
Photo of Busy Restaurant, Bar & Lounge for Sale in the City of Southend-on-Sea
Photo of Busy Restaurant, Bar & Lounge for Sale in the City of Southend-on-Sea
Photo of Busy Restaurant, Bar & Lounge for Sale in the City of Southend-on-Sea
Photo of Busy Restaurant, Bar & Lounge for Sale in the City of Southend-on-Sea

Overview

Tenure:
Leasehold
Established:
2022
  • Excellent Reputation
  • Very Loyal Customer Base
  • Huge Growth Potential
  • Recently Refurbished
  • Events Hosted

This is a rare and fantastic opportunity to purchase a popular, thriving restaurant/bar business in the heart of Southend-on-Sea.

Renowned in the city for providing high quality American influenced cuisine, best-in-class cocktails and a trendy, relaxed atmosphere, this well-appointed site operates over two floors and attracts heavy regular local footfall as well as a vast number of tourist visitors to Southend.

The ground floor supports the main restaurant space, offering booth seating and a modern, fast-paced casual dining space. The upper floor lounge and games bar comprises multiple entertainment offerings, including pool tables, shuffleboard, and much more, attracting groups of all ages and providing an ideal setting for private hire.

This profitable business boasts a spacious interior, in a great location, with outstanding local reviews and multiple avenues for further profit increase.

The spacious premises is positioned at the top of the High Street, sat amongst prominent hospitality brands. Newly refurbished, the site spans 2 floors, with a bar on each, 120 covers downstairs, 30+ covers outside, and a 100-guest capacity games lounge upstairs.

The fast-casual food and drink offering includes pay-at-table functionality, traditional service, click & collect and home delivery. Upstairs hosts sofas, tournament pool tables, a full-size shuffleboard, table football, a retro gaming corner and hot food buffet equipment for private functions.

The food menu boasts a variety of high-end burgers, ribs, and chicken, whilst drinks include a range of popular cocktails, prosecco on tap, wine, spirits, and an assortment of draught beers, led by a white-labelled house lager.

Currently, there are a total of 25 experienced and professional PAYE staff members. Although the current owner chooses to be hands-on, the business is completely self-sufficient with a full management team.

With prime location, immediate access to all transport routes, and a strong social media and local marketing presence, the business continues to grow a wide customer base, appealing to adult groups, families, older clientele, and students from the university opposite.

The fully equipped modern kitchen and competent kitchen team, can easily adapt to prospective menu changes.

Further promotional opportunities for the successful lounge include brunches, corporate and networking events, birthday hire, gaming tournaments and the installation of TVs for sports entertainment.

The site operates 7 days a week but does not open until midday. The premises also has an untapped late-night drinking licence. With a strong breakfast trade in the area, and vibrant nightlife, there is great potential in expanding opening hours.

A pavement licence allows for 30+ guests to drink and dine outside. Recent council renovation of the area makes this a fantastic opportunity for extra revenue in summer.

Location

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  • City Centre Location
  • Shopping Centre Location
  • High Street Location
  • Close to Local Businesses
  • High Footfall

Property

Annual Rent
£130,000
Annual Rates
£10,585
Lease Term (Years)
15
Lease Expiry (Year)
2034
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
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Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
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Trading Entity
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Management Structure
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Number of Employees
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Current Ownership
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