Ocean Fish Bar
BUSINESS SUMMARY
Business Name: Ocean Fish Bar
Location: 66a North Street, Leighton Buzzard, Bedfordshire, LU7 1EN
Type of Business: Fish & Chips Restaurant
BUSINESS DESCRIPTION
Ocean Fish Bar is a popular local fish & chip restaurant located with a legacy of 66 years in the heart of the market town of Leighton Buzzard. Known for its traditional take on the British classics, the establishment is a firm favourite among both locals and visitors to the area with the benefit of being located on a busy main router into Leighton Buzzard.
PRODUCT/SERVICE OFFERING
Fish & Chips: Freshly battered cod, haddock, scampi, served with golden crispy chips.
Pies / Chicken / Sausages: Chicken strips, chicken burgers, various pies and sausages.
Kids Meals: Various kid’s meals
Drinks: A range of soft drinks
MARKET ANALYSIS
Leighton Buzzard boasts a dense population with a strong affinity for traditional British food. Ocean Fish Bar has a loyal customer base, owing to its quality of food, location, and service. The business has also gained custom among visitors who flock to the market town for its many events and market days throughout the year.
FINANCIAL OVERVIEW
Turnover circa: £143k
Adjusted Net Profit circa: £27.5k
KEY ACHIEVMENTS
Reviews:
4.5-star rating on 'TripAdvisor' with 38 reviews.
4.7-star rating on 'Uber Eats' with over 1500 reviews.
4.4-star rating on ‘Google’ with 152 reviews.
Loyal Customers: Regular, repeat customer base provides ongoing, consistent revenue.
Hygiene Awards: Rated 5-star hygiene by the Food Standards Agency in November 2021.
EXPANSION OPPORTUNITIES
Delivery: Implementing a delivery service to cater to the increasing demand for at-home dining through directly employed staff to compliment food app orders.
Catering: Catering services for events, parties, and corporate lunches.
Opening Hours: There is a potential for growth as the chip shop only opens limited windows Tuesday to Saturday.
New Menu Items: Introducing vegan and gluten-free options to cater to a wider audience.
Website Implementation: The business attracts custom through local reputation and passing trad;, however, there is an opportunity to develop and implement a dedicated website with ordering capabilities for click-and-collect and/or deliveries.
Introduce Additional Delivery Partners: The business currently works with UberEats; however, there is scope to introduce working partnerships with Just Eat and Deliveroo.
PREMISES
The premises are a ground-floor retail unit with various storage rooms and a toilet on a busy residential street, alongside a complimentary assortment of retail shops. The premises are available by way of a lease assignment at £8,000 per annum, with six years remaining on the lease.
The vendor has made improvements to the property, but it could benefit from a little updating.
Viewing is essential to appreciating the quality of the business on offer.
FURTHER INFORMATION
Further information is available by speaking with us, and viewings are strictly by appointment only, as the sale of this business is strictly confidential.
For more information, please contact us.
