Fish And Chip Shop With Restaurant For Sale

Business description

Successful fish and chip takeaway with the added benefit of a 38 seater licensed restaurant. Lease being sold for £29500.
In the town centre of Kings Lynn, Norfolk.

BUSINESS SECTOR: Catering
TRADE TYPE: Fish & Chips Shops
SALE: Private Sale

LEASEHOLD:
£29500

ANNUAL RENT:
£18200

BUSINESS DETAILS:
Currently run by the owner in busy kings lynn town centre. There is extra potential for expansion in the restaurant and opening times, (for example. Idealy located for breakfast eat in and take away) also located near heights nightclub so potential for opening late night / early morning for extra business. The business underwent a total refit in 2008 including new 3 pan range. The sale is due to falling out with business partner. Trading hours are 6 days per week, 12am till 3pm with scope for increase in the restaurant and opening times. The sale includes all the fixtures and fittings, and is being sold with a ten year lease which commenced on Nov 11th 2008 with weekly rent of £350. .

Property information

Property:

Leasehold

Lease terms:

The lease is a ten year lease, which commenced on Nov 11th 2008
The remainder of the lease is being sold for £29,500 with room for negotiation.
The buyer will be responsible for their own and the landlords legal fees for the sale.

Leasehold rent:

£18,200 per annum

Location:

Prime location in kings lynn town centre. Has a multi-storey car park walk way near-by and night club in veiw from chip shop which can make great weekend takings for buyer

Business Operation

Expansion potential:

The owner believes that for a potential buyer there is room for expansion in the restaurant and opening times, (for example. Idealy located for breakfast eat in and take away) also located near heights nightclub so potential for opening late night / early morning for extra business. Trading hours are 6 days per week, 12am till 3pm with scope for a vast increase in opening times. A delivery service could also increase sales and also a chip van to do outside catering and events through the business.

Reasons for selling:

The sale is due to falling out with business partner.

Trading hours:

6 days a week
12pm-3pm

Employees:

Owner running business with one other employee

Other information

Support & training:

Owner is willing to train any potential buyers in the ordering processes, cooking processes and general operation of the day to day business, if they would like

Furniture / Fixtures value:

£20,000 (included in the asking price)

Inventory / Stock value:

£800 (included in the asking price)