Overview
- Updated On:
- December 10, 2023
Description
Lounge Southella
Hull
Offers Over £750,000 leasehold
SUMMARY
Probably one of the most successful, well-presented bar & restaurant’s in East Yorkshire
Very well established, the property offers over 150 covers inside with a capacity of 250
The beer garden offers seating for a further 100 covers, it also has a retractable roof
The kitchen is kitted out to a very high standard, with walk-in fridge and freezer
Healthy turnover & profits
LOCATION
Affluent suburb in Hull, highly desirable with a very large catchment area
Easily accessible from the major local roads, the business also attracts many guests from Beverley and other surrounding villages
TENURE
Our client is selling the business and lease at ‘Offers Over £750,000’
There is ten years remaining on the lease, with a passing rent of £45,000 per annum
TRADING INFORMATION
Turnover £1m generating profits in excess of £200,000
Full accounts are available upon request
