Fish & Chip Restaurant and Takeaway in Hove For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, HOVE, East Sussex.

Turnover £ 3,500
Price £150,000

Features

Fish & Chips Restaurant and Takeaway

5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 635 ft², CCTV (4 Cameras), Tiled flooring, suspended ceiling with spot lights.

Tables and chairs providing seating for 24 People.

Sales counter with Electronic cash register, soft drinks fridge.

Customer cloakroom with toilet and wash hand basin.

OPEN PLAN KITCHEN - Stainless steel extractor, pan range, chip dump, chip skuttle, grill, microwave, 3 under counter fridges.

REAR PREPARATION AREA - Batter mixer, 2 fridges, oil filter machine, single door freezer, double sink and drainer, stainless steel preparation.

Dumb waiter.

STAIRS TO BASEMENT in the region of 375 ft²

2 Chest freezers, potato peeler, chipper, double sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,000 p.w. - £3,500 p.w. with a Gross profit of 65% approx.

Staff

The business is at present operated by the vendor with 3 full time staff employed.

Trading Hours

7 Day week
MONDAY - WEDNESDAY 4.30 p.m. - 9 p.m.
THURSDAY - SATURDAY 11.30 a.m. - 9.30 p.m.
SUNDAY 4.30 p.m. - 9 p.m.

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, at present let on a shorthold tenancy providing a rental income of £2,500 per month. The accommodation comprises:

3 Bedrooms (2 doubles, 1 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2019 with reviews every 4 years (next review 2027) at a current rent of £33,000 p.a.

Business Rates from April 2025 £7,000 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2024, AND IS SOLELY OFFERED FOR SALE SOLELY DUE TO THE VENDOR'S OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote