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TOWN CENTRE SITE

Slug & Lettuce New

Above Bar Street, Southampton, Hampshire, SO14 7FG

Ingoing Cost: £29,000
Annual Rent: £116,000

Features
Trading style
Key financials

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External Drinking Area

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Restaurant/Dining

Property details

Prime Pub & Bar Opportunity in Southampton City Centre

Take the lead at this high-volume circuit pub in the heart of Southampton. This exceptional pub and bar opportunity currently operates as a Slug & Lettuce. It is ideally positioned in the heart of Southampton City Centre in the Above Bar area, near West Quay shopping centre, Student facilities and the Cultural Quarter. The property enjoys a highly desirable location, offering strong footfall and commercially attractive surroundings.

The venue is modern, stylish and well-presented throughout, featuring an open-plan trading area on the ground floor plus useful and versatile first floor space, with several options for potential use.

Private Accommodation

One 3 bed flat, plus one bedsit

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Catering Kitchen

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Experienced Operator

Trading style

The Pub Company are seeking an ambitious operator with:

experience leading a high-volume, late-night operation
ability to balance multiple customer groups and trading occasions
ability to create a commercially effective sport and entertainment programme
confidence leading and developing a sizeable team
strong operational controls
expertise in stock, licensing, safety and compliance

Key financials

Reference Number: FH4FW1 / 110955
Agreement Type: Tenancy

Min Ingoing Cost: £29,000.00
Annual Rent: £116,000.00

The stated ingoing figures are correct at point of advertising. Please be aware there may be additional costs.
Please note that the Energy Performance Certificate is available from the landlord.

Business Details

Forecast Turnover:	£1,114,560 pa
Forecast Wet Turnover:	£847,060
Forecast Dry Turnover:	£267,501
Guide Rent Annual:	£116,000
Turnover Rent Annual:	£44,893
Turnover Rent (%): Instead of a fixed monthly rent, you'll pay a base rent (guide rent demonstrated above) plus a percentage of your net turnover (the percentage is demonstrated above).	4 %

Financial Details

Full Deposit:	£29,000
Repair Fund:	£77 pw
Fixtures / Fittings:	£192 pw

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