Hilton Smythe welcomes to the market Parrotts Fish Parlour, a family run business that is synonymous with the area as it was established in 1981 and moved to its current 2 storey double fronted premises in 1986. Our client is now looking to sell this successful turnkey business as they are looking forward to retirement.
Parrotts is a traditional licenced fish and chip shop that has an alcohol licence for food consumed on the first floor restaurant area. The business is renowned for selling freshly cooked fish, pies, pasties, chips etc and offers different meal deals. The business often caters for coach trips and there is a strong trade for both eat in and take away options. There are options for the new owner to diversify the menu.
The business does have a domain name for a website and has strong online reviews including 5* from Yell, 4.5/5* from 49 reviewers on TripAdvisor and 4.3/5 from 54 reviewers on Google.
There is scope to development the business by considering:
- Development of the website to promote the business
- Creation of social media pages to promote the business
- Consider adding to the menu
- Consider Sunday opening
- Consider late night opening
There are many reasons to buy Parrotts Fish Parlour including:
- Long standing business
- Turnkey business
- Longevity of staff
- Large two storey City centre premises
Hilton Smythe highly advise early viewing to avoid disappointment.Location
Parrotts Fish Parlour is located in central Peterborough, Cambridgeshire, on Hereward Cross close to the indoor market in the Cathedral area of the City.
Parrotts is surrounded by many other shops which bring a strong footfall to the area, the premises have distinctive signage, with canopies covering external seating, therefore, the shop should not be missed by any passers-by.
There is parking close by in the market multi storey car park and many other local car parks in the area.
Peterborough is a highly populated city in Cambridgeshire with a population of 183,631 as of the 2011 census. The population grows by day with the many people who work in the city. Peterborough is surrounded by many other towns and villages and is always a busy area.Premises
Outside to the front of the property is a sectioned off area for outside dining which gives seating across 3 bistro tables.
The entrance takes you through to the foyer area from where customers can order take away or go through to be seated at the ground floor dining area with seating for 28 or up to the licenced first floor dining area with seating for 48.
The main servery has a 4 pan Hopkins range with 2 chip boxes and 3 hot boxes, double fryer, hot drinks machine, cold drinks display chiller, slush machine, jacket potato warmer, till, card machine, Bain Marie, menu boards.
Behind the main serving area is the chipping and preparation area with rumbler, chipper, double fridge, freezer, preparation tables, sinks.
The ground floor dining area has fixed seating across 7 tables for 28 customers.
The first floor dining area is licenced has seating across numerous tables for 48 customers. Off this area are separate male and female toilets and a first floor kitchen area with tea and coffee making facilities and a glass washer.Tenure
We are advised the business is being sold as a leasehold business opportunity with a 10 year lease from 2017 and an annual rent of £31,824 including VAT. Rates are £12,360 per annumHours
Monday: 11.30am – 5.45pm
Tuesday - Friday: 11am – 5.45pm
Saturday: 10.30am – 5pm
The new owner could consider opening weekday evenings and longer into the weekends to include SundaysStaff
The business is run and managed by our client, with the help of 8 members of staff, the majority of which have been with the business long term.Financial Profile
Parrotts generated a healthy turnover, even though the business is only open during the day 6 days a week. Full accounts details can be given to interested parties upon request and after viewing.