For Sale

Restaurant with Refurbished 3 Bed Accommodation

Southampton, Hampshire

£74,995 +SAV

Ref: B05125

Contact sales negotiator

Matthew Monks

01204556319

Email Matthew Monks

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Description

Hilton Smythe are delighted to present to the market a fully licenced double fronted Restaurant in the heart of this desirable street, currently run as the Dahlia Restaurant. A popular Romanian and International cuisine focused business established by our client in January 2018.

Our client has spent considerable time and money transforming not only the ground floor Restaurant but also the first floor accommodation (ideal for any new owners or staff). Our client is reluctantly only selling now as the success of the restaurant is affecting the time he is able to spend on his original retail business in the centre of Southampton, which our client wishes to focus on.

The 100 cover restaurant is one of the largest dining spaces in the area.  The clean and contemporary design will allow any new operator to add a different menu option to the premises without spending money on redecoration or equipment. The main improvements have included -

A 20 cover licensed outside terrace area located at the front of the restaurant which is ideal for summer dining and with the addition of a covered awning would allow dining through the winter months also.

A music licence til 12am - allowing both recorded music through the week and live music at the weekends

Improved kitchen and back of house storage - new equipment has been added to the kitchen with additional secure rear storage

Refurbished 3 x bed accommodation to the first floor which can be accessed independently from the rear.

Currently the restaurant is achieving between £5000-£6,000 per week, majority from walk in diners with approximately £700 from delivery orders through delivery partners ‘Just Eat’ and ‘Deliveroo’.

There is lots of potential to increase delivery sales in this area, many similar restaurants have a healthy mix of 60% inside sales and 40% delivery sales now due to the popularity of the mentioned delivery apps.

The venue is also an ideal choice for private parties, christenings, wedding celebrations and birthdays and can easily be organised to create a large dance floor area or designated area for buffets.

There is an active Facebook page, website and excellent reviews for the restaurant.

Restaurants of this size and standard rarely come to the market in this area and we strongly recommend early viewing to avoid disappointment.

 

Tenure

Leasehold

We are advised the business is being sold as a Leasehold opportunity with 11years remaining on a 25 renewable lease paying just £39,000 for the complete building.

Current business rates payable are £15,000 per year.


Hours

Currently the restaurant is open -

 

MONDAY – THURSDAY           12 noon -  11.00pm

FRIDAY & SATURDAY             12 noon – 12.00am

SUNDAY                               12 noon – 11.00pm

 

They have a licence to play recorded music during the week until 12/12.30 and live music FRI/SAT until 12.30am.


Staff

The business is run and managed by our client with the help of 5 other staff, 3 working in the kitchen and 2 front of house.


Financial Profile

The business averages £5000-6,000 per week and targeted turnover for the first year will be in the region of £290,000 with an adjusted net profit of around £50,000

Location

Dahlia Restaurant occupies a highly visible trading position on Shirley High Street in Southampton, Hampshire.

The double fronted premises is central to the hustle and bustle of this thriving High street. There is a Santander directly across, Boots pharmacy, Betfred, estate agents, Wilko, local Sainsbury's store, garages, independent retail shops, cafes , bars and restaurants surrounding the business.

Shirley is the most important suburban shopping district area in the west of the City with an excellent mix of residential housing, new residential developments, good schools and shops. The area is also popular with students looking for good accommodation near to Southampton University as well nurses/doctors working in the nearby general hospital.

The restaurant is located just off the A3057 which connects drivers to the nearby M27 cross country motorway which connects east to Portsmouth, just 19 miles away.

Nearest mainline station is Millbrook which is just 1 stop away from Southampton central.

There is a large car park directly across from the business which is free for evening diners.

Premises

Front external - pavement patio area for 20 diners or those looking to just enjoy a relaxing drink.

Ground floor -

  • Bar area / servery - Includes L shaped fixed bar with rear wall mounted glass display shelves, 2 x glass fronted drinks chillers, ice machine, prep sink, 2 x arm ‘Francino’ semi-automated coffee machine and grinder (new), under counter storage shelving, rear spirit shelving.
  • Large open plan dining space - Selection of smaller square tables and large rounded tables with solid wood chairs - minimum 100 covers.
  • Disabled / baby changing toilet, 2 x ladies cubicles, 1 x gents toilet with 2 urinals and 1 cubicle
  • 2 x Rear storage cupboards
Dishwashing area - Large pass through dishwasher with plate storage

Kitchen housing:- large extraction unit ( in both areas of the kitchen), new electric oven with the ability to both cook at different temperatures within the same oven as well as steam cook, 9 x stainless steel prep tables, 2 x commercial microwaves, plate warming oven, griddle, stainless steel prep chiller, 6 x burner gas oven, double electric fryer, stainless steel wall mounted storage shelving, second stainless steel propel fridge, 2 freezers, 3m x 3m walk in chiller, double stainless steel prep sinks, kitchen equipment and storage.

Rear hallway - Allows enter both entry to the outside staff parking area as well as up to the private accommodation

Rear storeroom - Secure space with 3 x freezers, floor standing storage shelving

First Floor -

2 x small double bedrooms

Newly refurbished kitchen with new extraction

Family bathroom

Larger master double bedroom

*There is also the opportunity to rent an additional flat owned by the Landlord is any new owners requires more living accommodation

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