Crib, 3-4 Vernon Walk, Southampton, Hampshire SO15 2EJ

LOCATION

The Crib bar is situated in the Bedford Place area of central Southampton.

This is a district of bars, clubs and restaurants, situated close to the city centre and known as one of "the places to go" in the city.

The south coast city of Southampton has a population of 253,651 with fantastic communications by both road, rail, sea and benefits from an airport.

THE BUSINESS PREMISES

Ground Floor Bar
Seats around 50 at quality furnishings and with subtle lighting.

Ground Floor Bar Servery
Is fully fitted with a range of commercial equipment behind.

Commercial Kitchen
Is fitted with commercial equipment and preparation areas that include a commercial extract and newly purchased double pizza oven.

Disabled WC

First Floor Main WCs

With vestibule leading to:

Ladies WC
Recently refurbished with quality wash-up and four WC cubicles.

Gents WC
A recently refurbished space having quality wash-up, two WC cubicles and urinal.

First Floor Function / Second Bar
Which is approached from the main bar via an alternative stairway. High spec inventory of equipment.

Second Set of Ladies and Gents WCs

Cellar

Office Area

OUTSIDE

To the front there is space for around 30 covers in an attractive patio.

THE BUSINESS

Is operated by our client with a full management team.

Our clients are able to offer a very minimal amount of time into The Crib as they have other business interests.

Current annual turnover is circa £350,000 with an estimated annual net profit of £70,000 for working owners.

Our clients will be the first to admit that there is plenty of scope for new operators, especially those that are able to work full time, to substantially increase trade.

TENURE

The property is subject to a 10-year lease with annual rent of £25,000.

THE PRICE

£75,000 for the leasehold property, trade equipment and goodwill.

Rateable Value
Current rateable value (1 April 2023 to present) £37,500.