Restaurant/cafe for sale in London Road, Portsmouth PO2

£69,999
Restaurant/cafe for sale
Interested in this property? Call +44 1204 351867 * or Request Details

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Property description

Business
Please quote reference B05967

Hilton Smythe welcomes to the market an exciting opportunity to acquire (on a leasehold basis) an exceptionally well run and performing American style takeaway business.

They have an excellent reputation, along with a strong and consistent brand. The business has been placed on the open market as it’s our clients desire to leave the industry due to other business interests.

Chicago Grill has been operating under the careful and meticulous ownership of our client for the last 8 months, and has grown the business to an impressive level with turnover levels growing steadily.

The business offers takeaway along with a thriving delivery service which includes, Burgers, chicken burgers, spare ribs, spicy wing meals, kids meals, milkshakes & deserts.

The business has built up an excellent reputation within the area and further afield, for the very high quality of the goods and services offered.

This has resulted in a very loyal client base, with a high volume of footfall and passing trade along with regular online ordering via the Just Eat website.

We feel there is scope for a new owner to increase the turnover by extending the opening hours, & the introduction of take away coffee business during the day.

A new owner could also embark on a modest marketing campaign to highlight the excellent produce on offer, and perhaps offer a specialist outside catering service for events.

This is an outstanding, well run “turn key life style” business which offers a new owner the opportunity to take this already thriving business to the next level.

Very rarely do businesses of this calibre come to the open market therefore, early viewing must come highly recommended to avoid disappointment

Location
Chicago Grill is located on the busy London Road in Portsmouth, Hampshire. The business sits alongside many other complementary shops and restaurants, and this road is the main road into the centre of Portsmouth. The area is well serviced in terms of local amenities & transport links, ensuring good footfall in the area.

Free parking available in the adjacent streets.

The A2047 connects to both the A3 and M275 which provides a quick route to the busy M27 motorway. The nearest train stations is Portsmouth and Southsea.

Portsmouth is a port city and naval base, well known for its maritime heritage and dockyards. The dockyard is home to the interactive national muses, of the Royal Navy
and hms Victory. There is also a thriving student population here due to the excellent Universities.

The business receives lots of additional trade from the nearby ferry port.

Premises
The business is located in a traditional purpose-built commercial premise, that has undergone an extensive programme of refurbishment and can now be found in true “turn key” condition.

The premises briefly comprises of;

Bright & welcoming service area, with seating for 6, service counter with order & till area, refrigerated storage, & overhead illuminated menus.

To the rear is the immaculately presented kitchen area with a host of industry standard equipment, ample stainless steel preparation areas with double sink, various refrigerated & freezer storage & chiller room, along with a modern full extraction system along with ample food preparation areas.

To the rear of the property is a parking space for upto 3 cars.

Tenure
We are advised that the business is being sold on a leasehold basis. The terms for the lease are 10 years remaining on the current 10 year lease, with the rent at £1,083 a month.

We are also advised that there is no rates payable.

Hours
The business hours are currently;

Monday - 16:00- 23:00
Tuesday - 16:00- 23:00
Wednesday - 16:00- 23:00
Thursday - 16:00- 23:00
Friday - 13:00 - 01:00
Saturday - 13:00 - 01:00
Sunday - 12:00 - 23:00

Staff
At the time of instruction, the business has 1 full time and 1 part time members of staff.

Financial Profile
We are advised that the turnover generated is in the region of £98,293, in the 7 months its been trading.

Please quote reference B05967

Arrange Viewing

For more information about this property, please contact
Hilton Smythe Business Sales, BL1 on +44 1204 351867 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Hilton Smythe Business Sales, and do not constitute property particulars. Please contact Hilton Smythe Business Sales for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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