Substantial freehold fish & chip shop with restaurant and two flats, Pontypridd

Key features

• Three-storey freehold building with double shop and two flats above
• Previous very high weekly trading level has amazing potential to easily return.
• Prime Pontypridd town centre pitch among national multiples
• Genuine retirement sale after twelve years in the same family
• Freehold at £450,000 or new 20-year lease at £20,000 per annum

About this business

A substantial three-storey double-fronted fish & chip takeaway and restaurant in the heart of sought after major town centre, with two flats above.The same family have run this Chippy for twelve years and is now retiring, having let the business sadly under trade in recent years. Available freehold at £450,000 or on a new 20-year lease at £20,000 per annum, The whole site is offered as a clear opportunity for an energetic operator to revive the takings with some refurbishments. Excellent residential rent income potential.

Trading figures

The vendor will discuss current turnover and profitability directly with genuine buyers. The business has been sadly under-trading in recent years and previously when weekly takings were virtually double which vendor believes can be quickly recovered in more energetic younger hands. The vendor will explain the present day trading figures in full when viewing this business.

Trading hours

Open seven days a week. The shop currently closes by 8.00pm at the latest, which the vendor acknowledges leaves the late-night town-centre trade on the table — he estimates an extra £3,000 a week or more is available simply by extending into the evening.

Business premises

A very substantial purpose-built three-storey property arranged as a spacious fish & chip takeaway with the restaurant adjacent on the ground floor, and two flats occupying the two upper floors. The frontage is set in an aluminium-framed surround with separate double-door entrances for the takeaway and restaurant, and bright overhead illuminated menu boards. Inside, the takeaway is fitted and equipped to a good standard around an extended service counter, with multiple workstations running off the large frying area. The premises do need some TLC and partial modernisation in places — fairly addressed, this should translate directly into higher takings.

Trade equipment

The shop is headed by an older-style Preston & Thomas frying range with extra-large pans and a long service counter. Also in use: a range of fridges and freezers, drinks fridge, stainless-steel worktops and shelving, refrigerated under-counter units, microwaves, cash register, industrial four-ring gas cooker, electric hot plate/griddle, overhead extraction, chipper and peeler. A full inventory is available on request. Some of the equipment is well-used and will need replacement in due course.

Accommodation

Two flats above the shop, arranged across the two upper floors, currently occupied by the vendors. Planning was previously applied for to convert the flats into self-contained units, though the application was not pursued — the groundwork is there for an incoming buyer to revisit and turn the upper floors into a meaningful additional rental income.

Trading position

In the heart of Pontypridd town centre, surrounded by national multiples and household-name traders, with densely populated residential districts in every direction supporting year-round trade. Cardiff is just ten miles away, the main A470 is close by, and the River Taff and Rhondda Rivers run through the town.

Special remarks

A genuine retirement sale after twelve years in the same family. The vendor is open about the fact that the shop has been well under-trading from it's previous weekly takings which were double certainly recoverable if extending the trading hours alone could add another £3,000 a week. With the whole three-storey building included, two flats above offering further rent income or development. Choice of freehold at £450,000 or a new 20-year lease at £20,000 per annum, this is a substantial town-centre asset offered at a level that rewards an operator willing to put the work in. Inspection is essential to appreciate both the scale of the building and the headroom in the trade.