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Established Fish & Chip Shop - Whitefield For Sale

Whitefield, Greater Manchester, UK
Asking Price:
£89,995 Furniture / Fixtures included
Turnover:
£82,541
Net Profit:
£54,556

Shopping Parade Position
Refurbished 2019 At £85,000 Cost
High Value F&F
Financials Available Year Ending 31st January 2021
Annual Turnover £82,541
Net Profit £54,556
Further Financial Info Available After Viewing
Relocation Sale
Excellent Reputation
Seating For 20 Customers
Scope To Open Lunchtimes
Potential To Expand Menu
Scope For Online Presence & Social Media
EPC - B

REF 7518 – Leasehold Fish & Chip Shop

Blacks Brokers are pleased to bring to the market this leasehold fish and chip shop located in Whitefield, Greater Manchester.

INTRODUCTION

The Fryery was established by our client in this affluent area of Whitefield in 2019 after undergoing an £85,000 renovation. The business offers a variety of traditional foods including fish and chips, pies, chicken and burgers. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of passing trade due to this excellent trading position. Our client has ensured the business has an excellent reputation and superb reviews are noted on Google and Facebook.

LOCATION

The Fryery occupies a main road trading position within a parade of shops and offices. The area is densely populated commercially with neighbouring businesses including independent retailers as well as large multiples such as Ladbrokes and Spar. There are also a number of housing estates nearby as well as schools and other local amenities The area is well linked by the M60 and M66 with very strong public transport links and parking is available immediately outside.

REASON FOR SALE

The business is ideally suited to a hands-on owner-operator but due to our client’s relocation, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE

The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a rolling annual lease which runs at a cost of £300 per week. The landlord is open to negotiation on lease length for a new lease with the new owner.

BUILDING LAYOUT AND DESIGN

The Fryery operates from the ground floor of a spacious retail property on a busy road. The business has large branding and signage on display above a fully glazed frontage. Inside, the servery/counter is positioned to the front of the shop with kitchen and preparation area to the rear of this. The business benefits from having a 4 way Nutall fryer. There is seating available for up to twenty diners and toilet facilities along with storage to the rear. All areas are well equipped and presented nicely.

STAFF

The business is operated exclusively by a husband and wife team.

FINANCIAL DETAILS

The Fryery has traded solidly since opening and our client has established a strong repeat customer base. We are advised that the business has an annual turnover of £82,541, with a net profit of £54,556 based on just four hours a day trading for the year ending 31st December 2021. The turnover could be boosted further with increased opening hours.

BUSINESS RATES

The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY

This recently refurbished, established business occupies an enviable trading position in a highly sought after area of Whitefield. Our client has secured a strong customer base and exceptional reputation. There is plenty of scope to develop the business further with the introduction of new services and longer opening hours, a new online presence with active social media and new delivery service. In previous years, our client had secured contracts with other local businesses and a local care home – this was stopped due to covid restrictions but a new owner could look to reinstate these agreements. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Property Information

Property:

Leasehold

Business Operation

Trading hours:

MON - SUN: 16:00 - 20:00

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