VERY HIGH PROFILE ESTABLISHED FISH AND CHIP BUSINESS FOR SALE IN COSHAM

VERY HIGH PROFILE ESTABLISHED FISH AND CHIP BUSINESS FOR SALE IN COSHAM

LEASEHOLD:  £79,000

KEY FEATURES

Established Business Prime Location

Potential for Alternative Use Fully Fitted

Extensive Catchment Area Potential to Increase Sales

LOCATION

Tasty Plaice occupies a prime, well known location at the top of the busy Cosham High Street at 1-3 Spur Road.  Located on an extremely busy road with a wide pavement frontage, Tasty Plaice is highly visible on routes from the M27 to Cosham, Drayton, Farlington, Purbrook and close to one of the three main roads into Portsmouth. It has the advantage of an invalid designated, four vehicle parking area in front of the shop.

Within 200 metres there is a Tesco Superstore, Crown Bingo, New Look, Iceland, the Post Office and the Red Lion Public House.   

It has a huge catchment area extending to Wymering and Paulsgrove in the West, to Cosham, Drayton and Farlington in the East and Purbrook to the North.

Additionally the huge Queen Alexandra Hospital, a major Hampshire employer is less than a 10 minute walk away - an NHS Discount Scheme or Loyalty Plan, professionally marketed, could yield a substantial consistent level of income.  

ACCOMMODATION.

Currently configured with a retail area, preparation area, washroom and a staff area.  The staff area is located alongside the retail area and subject to planning could be reconfigured to substantially increase the frontage and subsequent retail opportunities - originally this was a customer eating area. 

Please note there is no residential accommodation. 

DESCRIPTION

Tasty Plaice is an extremely well known and well established business of over 20 years. However, it is believed there has been a history of fish and chip shops at this location stretching back decades.  

The current business owners have occupied this location for over 19 years and are now offering Tasty Plaice for sale due to pending retirement.  Since Covid the owners have reduced their trading hours, their interest and their commitment, which has obviously had a significant negative impact on sales and profitability. This measured approach to their business over recent years would make any trading figures meaningless, which is why they have not been listed. They believe an entrepreneur with vision, drive and determination, using modern retailing techniques could re-create a very profitable business.

The business does not offer any form of delivery service and has an exclusively limited menu of only fish and chips. 

The high profile location lends itself to a multitude of business opportunities, subject to planning.

All fixtures and fittings are included.

TRADING & BUSINESS

The business currently trades from 3.00pm - 8.00pm, Monday to Saturday.

TENURE - LEASEHOLD

The current 20 year, fully insuring, fully repairing lease has a period of 13 years unexpired.

The annual lease would be £17,000, payable quarterly in advance. A rental deposit would be required.

Subject to acceptance the existing lease could be transferred or a new lease agreed. Both parties to be responsible for their own costs.

This advertisement has been prepared by the Landlord on behalf of and approved by the tenants/business owners. 

Please note the photographs were taken very early on a Sunday morning to provide unobstructed images from every angle - not only to illustrate the long frontage of Tasty Plaice within the block, but also the immediate surrounding area for those unfamiliar with the very high profile location. 

PLEASE BE ADVISED, INITIAL ENQUIRIES WILL BE RECEIVED BY THE LANDLORD WHO HAS NO KNOWLEDGE OF THE BUSINESS.  HOWEVER  SPECIFIC QUESTIONS WILL BE DIRECTED TO THE TENANTS FOR THEM TO RESPOND - PLEASE SPECIFY EXACTLY WHAT INFORMATION YOU REQUIRE.