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Takeaway for sale

High Street, SO45

Guide Price £40,000

Property Description

Commercial information

  • Business for sale

Key features

  • Very busy traditional fish & chip shop
  • Annual turnover approx. 74,000
  • 2 bedroom owners flat available
  • Viewing highly recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is a rare opportunity to purchase a well established traditional fish and chips shop with excellent potential, limited opening hours and limited frying times. The business occupies a prominent trading position in the beautiful town of Hythe, near the Harbour City of Southampton.

Philpotts Fish & Chips is located on a main shopping road, alongside some of the main high street branded shops and other residential properties. This is also a fantastic summer town, so has a large number of returning customers over the main season.

Having successfully operated in the town for over 70 years and under current ownership for the last 7 years, this high potential business has earned an excellent reputation for offering the best quality fish and chips, with a warm and friendly service. The business therefore enjoys an extensive and loyal customer base attracting repeat trade from the immediate vicinity, as well as neighboring villages, towns and the main city of Southampton.

The business operates from a highly visible single fronted shop premises, which is presented to a high standard with an excellent range of fixtures and fittings to go with the sale, including a 3 pan fryer.

Philpotts Fish & Chips is a thriving and lucrative business, which is run by the owners, offering the very best fish and chips to the local community and high number of tourists to the area over the summer months, this business operates 6 days of the week and on very limited seasonal hours.

The business offers excellent scope for future growth and improvement and would therefore ideally suit an ambitious and energetic couple, individual or family that have the opportunity to extend the menu and add an inclusion of a delivery service. This busy take away is an excellent opportunity.

These enhancements will undoubtedly increase the already impressive weekly sales, whilst also enabling the additional staffing levels to be kept to a minimum, therefore maximizing the overall profitability.

This is a first class business opportunity and a viewing is therefore highly recommended to avoid disappointment.

ANNUAL SALES
Currently shop sales average 74,000 approximately.

ACCOUNTS
Current records and accounts can be inspected when viewing.

TRADING HOURS
Monday - Saturday 11.30 to 14.00 and 17.00 to 20.00.

STAFF
Operated by the owners.

PROPERTY
This is a highly visible premises occupying a prominent main road position in the towns high street. There is a 2 bedroom flat above the business.

TRADING AREAS
There is a main counter, 3 pan fryer, with the serving area located to the right upon entrance of the fish and chip shop, with the secondary kitchen and preparation area to the rear. The 22 covers of the restaurant are towards the rear of the property, where you can find the French doors which open up to further seating outside, overlooking the Harbour.

TENURE
The business is available as a leasehold with 13 years remaining on the lease, with a quarterly rent of 4,500.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.

SUMMARY
A fantastic opportunity to purchase a highly profitable business with terrific potential for future growth and improvement. This is an excellent addition to any portfolio. To avoid disappointment, a viewing is highly recommended.


More information from this agent

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