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5 bedroom takeaway for sale

London Road, Portsmouth, Hampshire, PO2

£160,000
252 sq. m.

Property Description

Commercial information

  • Business for sale
  • 2,712 sq ft (252 sq m)

Key features

  • LEASEHOLD
  • Ref 14134 I

Full description

Tenure: Leasehold

LOCATION
Rock Salt fish and chips is located on the busy London Road in Portsmouth, Hampshire.

The business sits alongside many other complementary shops and restaurants on the north end group of shops, and this road is the main road into the centre of Portsmouth. There is a very large housing estate to both sides of the road including 4 nearby schools, doctor's surgery and post office ensuring good footfall in the area.

Free parking available in the adjacent streets.

The A2047 connects to both the A3 and M275 which provides a quick route to the busy M27 motorway. The nearest train station is Portsmouth and Southsea.

Portsmouth is a port city and naval base, well known for its maritime heritage and dockyards. The dockyard is home to the interactive national muses, of the Royal Navy
and HMS Victory. There is also a thriving student population here due to the excellent Universities.

The business receives lots of additional trade from the nearby ferry port.
BUSINESS
Hilton Smythe is delighted to offer to market Portsmouth's no.1 fish and chip business, Rock Salt.

Owned by our client since 2015 and only offered to market as our client is required to run his uncle's business in London.

The traditional menu includes Cod, Haddock, Plaice, Scampi and Cod Roe with fresh fish sourced from Whitby in North Yorkshire. Chips are peeled and cut on site using the very popular Maris Piper potatoes. Other favourites include chicken, pies, sausages, large choice of burgers as well as vegetarian options. Our client only uses the best quality Frymax vegetable oil to fry in.

The thriving business comes with an excellent range of equipment and the private accommodation to the first and second floors offers 4 bedrooms with potential to add a 5th if required.

The business is growing weekly with over 740 reviews on Trip Advisor hailing the excellent reputation, current sales average at 6,000 per week. 50% coming from deliveries and 50% from walk-in customers.

Our client used the Just Eat site to gain customers and now he is able to come off the site and will handle all deliveries in house which will help boost the excellent net profit of the business.

OAP specials are very popular with the locals at only 4.00 for fish and chips. There is also potential to add pizzas back to the menu as there is 2 level pizza oven on site.

As well as offering deliveries from 11am, our client also offers outside catering services for parties, weddings and functions.

Full handover offered. Potential to open later and Sundays.

The business has its own website, active Facebook and Twitter account.
PREMISES AND EQUIPMENT
Mid parade premise Waiting area with 10 covers with solid wood chairs and tables, electric front shutter.

Service area - 3 x Pan Hopkins range with 3 x heat boxes and 1 x chip box, l shaped stainless steel prep table, commercial microwave, stainless steel fish fridge, glass fronted drinks fridge, till, card machine, 2 x shelf pizza oven, prep table, blender, stainless steel prep bench, hand wash sink, s steel upright fridge, stainless steel upright freezer, storage racking, very large and expensive extraction unit.

Preparation area - Hopkins chipper, peeler, racking, 2 x double stainless steel prep sinks.

Storeroom - 3 x chest freezers, 2nd dry store rooms.

Ladies and gent's toilets and staff room

Laundry room and bike storage, office, spare equipment storeroom with 2 x additional ovens. Leading to exit and store area and oil drums for collection.

1st floor - very large sitting room and open plan kitchen, family bathroom, 2 x double bedrooms, one of which has small private terrace.
2nd floor - 2 further double bedrooms.
Loft space - wide stairs lead up to the unconverted space, ideal for additional bedroom.

4 x delivery motorcycles.
TENURE
We are advised Leasehold.
Original lease is 20 years
18 years remain.
Rent is 17,500 per year.
Currently no business rates payable.
HOURS
The business currently opens:-

Monday to Friday 11.00am to 9.30pm
Saturday 11.00am-8.00pm,
Sunday closes.

Potential to extend hours and open Sunday
STAFF
The business is run full time by our client, with the assistance of full time and part time staff in the shop and 2 part time delivery drivers.

FINANCIAL PROFILE
According to the 2017 accounts, turnover is in the region of 253,000 with a gross profit at circa 65%.


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