Well Established Fish & Chip Restaurant with Two Bedroom Flat Prime Hove Location

Prominently located on Blatchington Road, a busy main road running through Hove, the premises benefits from excellent visibility and strong passing trade. The area is home to a variety of independent retailers and local shopping outlets that support the surrounding community, generating consistent footfall throughout the day. The business enjoys high levels of both vehicular traffic and pedestrian footfall, along with convenient access for deliveries. Situated within a densely populated residential area made up of a mix of houses and flats, the location provides a strong and loyal local customer base. The fish and chip restaurant also benefits from an alcohol licence, offering additional revenue potential. The current vendors have successfully operated the business for the past 15 years, building an excellent reputation within the community. This is reflected in outstanding customer feedback, including a 4.6-star rating on Google Reviews and 4.7 stars on Tripadvisor. The vendors have now made the genuine decision to sell as they wish to retire. Further enhancing the appeal is a spacious two-bedroom flat above the premises, ideal for owner occupation. Overall, this represents an excellent opportunity to acquire a well-established, highly visible takeaway with immediate trading potential in a prime coastal location.

THE PREMISES: This long-established fish and chip business has been regularly maintained and comes to the market in excellent condition. Upon entering, customers are welcomed into a spacious waiting area with a serve-over counter for placing orders. Adjacent to the counter is a triple fish range, installed five years ago, forming the heart of the operation. A large preparation area sits alongside, ideally laid out for quick and efficient order preparation and supported by several commercial-grade fridges and freezers. The restaurant also has seating for 26 covers inside. To the rear is a fully tiled chipping and peeling room, designed for ease of cleaning and efficient workflow. Further towards the back of the premises is an additional storage area for potatoes, along with several more fridges and freezers. The business benefits from convenient on-street parking for customers, as well as a nearby supermarket car park providing additional parking options. Included in the sale is a comprehensive inventory of well-maintained fixtures and fittings, all regularly serviced, with a full list available to serious buyers. This represents an excellent opportunity to acquire a popular and well-positioned takeaway with a solid infrastructure, a loyal customer base, and immediate income potential.

ACCOMMODATION: The accommodation includes 2 double bedrooms, a lounge, separate kitchen and a family bathroom. Access to the flat is via the restaurant.

TURNOVER:  The business is currently run by the vendor’s who work full time in the business.  Hours of Opening: Tuesday-Saturday 12pm-9pm. The business is currently averaging £4,000-£5,000 per week. When the vendors also worked with delivery companies this increased the turnover to £6,000 per week, therefore there is scope to reintroduce this.

ALCOHOL LICENCE: 1445/3/2013/06084/LAPRET. The licence allows for the sale of retail alcohol from 10am-midnight Monday-Saturday and 12pm-11:30pm on Sundays.

TENURE:  The entire premises are held on a 15 year lease (commencing from 2017) which has 6 years remaining at a current rent of £22,000 per annum.  Rent reviews to take place every 5 years.

RATES:  We have been verbally informed that the business currently pays £130 per month. The rateable value of the property is £13,000 per annum. Prospective occupiers should make their own enquiries to verify same.

GENERAL REMARKS: Long-established fish and chip takeaway on a busy main road in Hove benefiting from strong footfall, excellent passing trade, and easy parking. Recently fully refurbished and presented in excellent condition, the premises also includes a spacious two-bedroom flat, offered with a secure lease.

PRICE:  We are instructed to quote for the lease, goodwill, equipment, trade fixtures and fittings £119,950 SAV

LEGAL FEES:  Each party to be responsible for their own legal costs.

VIEWING: On no account should any approach be made to the Manager or the staff without a prior appointment through the vendor’s agents, Watkins Commercial, Telephone: 01273 709090. 

ENERGY PERFORMANCE CERTIFICATE:  Our client is in the process of obtaining an EPC.

DISCLAIMER: Neither the Vendor nor the Agent gives or implies any warranty that the premises are fit for any particular use or that they comply with any relevant regulation or statutory requirement.

The agents have not tested any apparatus, equipment, fittings or services so cannot verify that they are in working order.  The buyer is advised to obtain verification from their solicitor or surveyor before proceeding with the purchase.

VAT: All prices and rents are quoted exclusive of VAT.  Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction.

MORTGAGE  & FINANCIAL PLANNING:  We shall be pleased to assist any purchaser in arranging finance to acquire this business or any other business you may be considering subject to status. 

Prop. Ref:        6933C

These particulars are believed to be correct but their accuracy is not guaranteed and they do not form any part of any contract

APPLICANTS CONFIDENTIALITY AGREEMENT

I understand and agree that any information regarding any business supplied to by Watkins Commercial will be kept strictly confidential.  I also undertake that I will:

i)                View businesses registered with Watkins Commercial by appointment only.

ii)              Not contact any owner, staff, suppliers, competitors or customers of any business

                  registered with Watkins Commercial

iii)             Not pass on any information supplied by Watkins Commercial to any third party other

             than a professional advisor et. Bank, solicitor, surveyor accountant, etc.

iv)             Submit any offers direct to Watkins Commercial with whom I will conduct all

             negotiations

v)              Be liable for any commission which would have been due to Watkins Commercial

                  should I be party to negotiations or actions which seek to preclude, or are contrary to

                  the interest of Watkins Commercial.