124 Above Bar St 980 - 2,229 SF of Assignment Available in Southampton SO14 7DU

The business combines convenience grocery retailing with fresh meat and professional butchery services, operating from a substantial, professionally fitted retail unit. The business occupies a prominent position within Southampton City Centre, benefiting from a strong mix of national retailers, independent businesses, restaurants, cafés and service operators, providing exposure to local residents, workers, students, shoppers and visitors. The premises are conveniently located close to major city-centre destinations including Westquay Shopping Centre and The Marlands, further enhancing the potential customer catchment. The existing leaseholders have reportedly invested in excess of £350,000 in establishing and fitting out the business. However, Due to personal reasons, they have now decided to dispose of the business at an asking premium of £200,000 equivalent to approximately 43% below the reported original investment. LEASE & PROPERTY TERMS Annual Rent: £64,000 VAT Lease Term: 15 years, Non-Renewable — November 2025 to November 2040 Service Charge: £183.97 from Nov 25 - Apr 26 Rent Reviews: Every 5 years Break Clauses: 2030 and 2035 — Tenant Only Business Rates: Currently under assessment by the local council PROPERTY & PREMISES The accommodation provides approximately: Ground Floor: 1,249 sq ft (116 sq m) Basement: 980 sq ft (91 sq m) Total: 2,229 sq ft (207 sq m) The tenant also benefits from access to circulation and delivery areas to the rear, providing useful operational and delivery access. SALES & TRADING INFORMATION Average Weekly Sales: £10,800 Annualised Sales: Approximately £561,600 The reported sales figures relate to the initial trading period following the launch of the business and are provided as an indication of early trading performance. The annualised figure has been calculated from the reported average weekly sales and does not represent a full year's historical turnover. FOOD COST & GROSS MARGIN The franchisor's commercial model is based on an expected Cost of Goods Sold (COGS) of approximately 60%, corresponding to an indicative Gross Margin of approximately 40%. Actual margins will vary depending on product mix, supplier pricing and trading strategy. DELIVERY PLATFORMS The business is also positioned to develop its delivery and online sales operation through: Uber Eats Deliveroo Hungry Panda - Onboarding is currently being finalised. STAFF The current staffing structure comprises: Full-Time Butcher £130 per day — approximately £47,450 per annum Full-Time Shop Assistant £80 per day — approximately £29,200 per annum Existing staff may be available to transfer, subject to agreement with the purchaser. Annual wage figures are calculated on the basis of 365 days and are provided for indicative purposes only. UTILITIES & OPERATING COSTS Electricity: Approximately £30,000 per annum Business Insurance: Approximately £1,200 per annum Purchasers should undertake their own assessment of all operating costs as part of their due diligence. HIGH-QUALITY FIT-OUT The premises have been comprehensively fitted out to create a modern, attractive and professionally presented supermarket and specialist butcher. The existing fit-out includes: Large purpose-built fresh meat display counters Fully fitted Halal butcher section Professional fresh-meat preparation facilities Extensive grocery and ambient shelving Multiple large commercial frozen-food display freezers Refrigerated drinks display Commercial cold-room/storage facilities Modern checkout and EPOS system Digital display/menu screens Commercial refrigeration throughout Air-conditioning Extensive ventilation/extraction systems Substantial shelving, counters and shop fixtures Modern marble-effect tiled flooring Contemporary feature lighting High-quality customer-facing retail finish Existing branded supermarket presentation REASON FOR SALE & INVESTMENT OPPORTUNITY The existing leaseholders have reportedly invested in excess of £350,000 in establishing and fitting out the business, creating a fully operational, high-quality supermarket and specialist Halal butcher. Due to personal reasons, the existing leaseholders have now decided to dispose of the business and are offering the opportunity at an asking premium of £200,000 equivalent to approximately 43% below the reported original investment. The opportunity is particularly suited to an experienced supermarket, convenience-store or Halal butcher operator looking to establish or expand within Southampton City Centre. FURTHER INFORMATION & VIEWING All enquiries, negotiations and viewing arrangements must be conducted exclusively through Onyxo Real Estate. Non - Disclosure Agreement must be signed & Proof of Funds provided prior to booking a viewing. IMPORTANT INFORMATION All sales, turnover, cost and operational information has been provided by the vendor and/or franchisor and has not been independently verified by Onyxo Real Estate. The annualised sales figure is based on the reported average weekly sales and should not be interpreted as historical annual turnover or guaranteed future turnover. Prospective purchasers are strongly advised to undertake their own independent due diligence, including verification of details before proceeding with any transaction.