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Chinese Takeaway Business In Southsea For Sale

Southsea, Hampshire
Asking Price:
£55,000
Turnover:
£200,000
Net Profit:
Available on request

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.

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.

Premises
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.

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.

Property information

Property:

Leasehold

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