3 bedroom takeaway for sale

Albert Road, Southsea, Hampshire, PO5

Leasehold 64 sq. m. | £55,000

Property Description

Commercial information

  • Business for sale
  • 688 sq ft (64 sq m)
  • Use class orders: A5 Hot Food Take away

Key features

  • REF 13552I
  • CHINESE TAKEAWAY
  • LEASEHOLD
  • LETTING ROOMS

Full description

Tenure: Leasehold

LOCATION
China China occupies substantial three storey premises, ideally located within the popular seaside resort of Southsea, Hampshire. The business is situated on the very busy Albert Road and is surrounded by a wealth of complimentary shops, businesses and densely populated residential areas, therefore, benefiting from a high volume of footfall and passing trade, as well as on street parking facilities to the front of the premises.

Southsea is a seaside resort, located within Portsmouth at the southern end of Portsea Island, Hampshire. According to the 2001 census, Southsea had a residential population of 18,514. Southsea provides two distinct shopping centres in close proximity to each other.

The area of the takeaway is well served by the public transport system, with the property situated on a main bus route through the town. The nearest railway station is Fratton, which is approximately one mile away. The area is also served by excellent road connections, with both the A288 and A2030 being within easy driving distance, which link to the national A-road and motorway networks. Portsmouth is approximately 3 miles away and Havant is 9 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this popular and busy Chinese takeaway business, which is in a prime location within Southsea, Hampshire.

The business was established by our client in 2016 and is only now being offered to the market, due to our client's family commitments. The business currently operates 6 days per week and generates a turnover in the region of 200,000 per annum, with a gross profit of approximately 62%, as per the 2016 accounts.

Our client offers a wide range of Chinese cuisine to take away including starters, seafood and vegetable dishes, chicken, beef and pork dishes, noodle and rice dishes and set meal deals for 1 to 4 people, as well as a selection of soft drinks and desserts. Our client also offers a delivery service within the area.

The property boasts 64 sq. metres of floor space and is very well-maintained with a full commercial kitchen. To the first and second floors is a spacious letting accommodation comprising of 5 bedrooms, 3 of the rooms are currently occupied yielding a monthly rental income of 350 per month.

The business has built up an excellent reputation within the short time it has been trading, which has resulted in a loyal client base, with a high amount of repeat trade and word of mouth recommendations. The business also participates with the popular online food ordering websites Just Eat and Hungry House.

We feel there is scope to increase the turnover by extending the opening hours, perhaps by offering lunchtime trade. A new owner could also embark on a marketing campaign to promote the cuisine offered. The business would benefit from a dedicated website, which could incorporate online ordering facilities.

This is an excellent opportunity for a new owner to take this busy Chinese takeaway business to the next level, or it would make a good bolt-on opportunity for a similar business wishing to expand; therefore, early discussions with Hilton Smythe must come highly recommended to avoid disappointment.

PREMISES
Substantial three storey premises in a prime location, briefly comprising:

Ground floor:

Customer waiting area with serve over counter and space to accommodate three tables and chairs for internal eating.
Fully equipped commercial kitchen.
Preparation room with refrigerators, storage and work surfaces.

Equipment included:

7 x burner cooker.
Large extraction unit.
Double deep fat fryers.
Double stainless steel preparation sinks.
3 x stainless steel preparation tables.
Hand wash basin.
Storage shelving.
Microwave oven.
2 x upright stainless steel refrigerators.
3 x chest freezers.
Fish refrigerator.
3 x rice cookers.
Small refrigerator/freezer.
Wall mounted storage shelving.

First floor:

Living room.
Kitchen.
WC.

Second floor with:

Landing area.
Family bathroom.
3 Double bedrooms.
2 Single bedrooms.

The accommodation is accessed by its own front door.

External:

Secure rear courtyard with staff WC and access to rear alley.

TENURE
We are advised Leasehold:

Original lease length: 18 years
Remining lease length: 17 years
Rent: 14,560 per annum

HOURS
The business is open:

Monday - Tuesday: 5.00pm - 12.00am
Wednesday: Closed
Thursday: 5.00pm - 12.00pm
Friday - Saturday: 5.00pm - 1.00am
Sunday: 5.00pm - 12.00am

The property has a licence to open until 1.00am.

STAFF
The business is family run.

FINANCIAL PROFILE
The business generates a turnover in the region of 200,000 per annum, with a gross profit of approximately 62%, as per the 2016 accounts.

Rental income from letting accommodation 350 per month.


Nearest stations

  • Fratton (0.7 mi)
  • Portsmouth & Southsea (1.0 mi)
  • Portsmouth Harbour (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Fratton (0.7 mi)
  • Portsmouth & Southsea (1.0 mi)
  • Portsmouth Harbour (1.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hilton Smythe, Bolton

20 Wood Street, Bolton, BL1 1DY

01204 299002 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 13552I. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Hilton Smythe, Bolton . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

* This is the maximum possible speed. Broadband speed may be lower at peak times and can be affected by a range of technical and environmental factors. The speed you receive where you live may be lower than that listed above. Fibre/cable services at your postcode are subject to availability. You can confirm availability on the provider's website. The information is provided and maintained by comparethemarket.com

Map data OpenStreetMap contributors.