£0 £1000000
£0 £1000000

Outstanding Fish and Chip Shop With Accommodation

Portsmouth, Hampshire

< 1-9 >

Enlarge

Archived

£139,950 +SAV

Ref: 14134 I

Leasehold

Overview

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.

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

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.

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


Potential to extend hours and open Sunday

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.

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.


2 x delivery motorcycles.

a new 1 bedroom flat has been built at the back of the property which is ready to let out 

Tenure
We are advised Leasehold.
Original lease is 20 years
18 years remain.
Rent is £17,500 per year.
Currently no business rates payable.


Similar Businesses For Sale

10

Newly established Pizza franchise for sale

Portsmouth, Hampshire

£94,950 +SAV

Discover Business

12

Newly established American style takeaway for sale

Portsmouth, Hampshire

£69,999 +SAV

Discover Business

6

Multi-Facet Professional Catering

Portsmouth, Hampshire

£59,950 +SAV

Discover Business

Need help to find your dream business?

Our buyer matching service can help, sign up today.

Find your dream business

    Sales Negotiator Photo

    Tommy Sweeney

    Sales Negotiator

    Need help with finance to purchase this business?

    Hilton Smythe have their very own independent commercial finance broker Hilton Smythe Finance who can help with raising the money to buy your new business.

    Try our finance calculator

    Finance Calculator

    Powered by Hilton Smythe

    £139,950 +SAV

    6%
    £55,980
    £83,970
    5 years
    £0

    60 monthly payments of

    £0

    Apply Now

    Representative Example

    Borrowing £7,500 over 4 years with a representative APR of 27.4%, an annual interest rate of 27.4% (Fixed) and a deposit of £0.00, the amount payable would be £246.43 per month, with a total cost of credit of £4,328.83 and a total amount payable of £11,828.83


    Rates may differ as they are dependent on individual circumstances. Subject to status.

    Popular business searches in the UK