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Fish And Chip Restaurant/Takeaway Plus 6 Letting Bedrooms For Sale

Southend-On-Sea, Essex, UK
Asking Price:
£120,000
Turnover:
£260,000
Net Profit:
On request

FISH & CHIP RESTAURANT/TAKEAWAY + 6 LETTING BEDROOMS -  SOUTHEND-ON-SEA -  A fantastically presented business which has recently undergone a £50,000 refurbishment. The business has been long established, with our client owning and operating it for in excess of 11 years. Our client purchased the business as a going concern, so was established long before then. Licensed for alcohol. 50 internal covers and 16 outside covers. High takings of £7,000-8,000 per week. Secure lease with approximately 13 years unexpired at a rental of £32,500 pa offset by £25,200 pa rental income from the living accommodation letting rooms. Genuine enquiries only please. Viewing recommended. 

A traditional fish and chip restaurant/takeaway that is licensed for the sale of alcohol until 12 o'clock midnight, offering a menu to include fish, chips, burgers, pies, chicken, mushy peas, sausage, pickled onions etc. The business has been long established, with our client running the business for 11+ years and trading as a fish and chip shop long before that. The premises includes the ground floor business premises, first and second floor living accommodation that is currently arranged to provide 6 letting bedrooms, which are let producing a substantial rental income of £25,200 per annum which considerably offsets the annual rent on the whole building.

Property Information

Property:

Leasehold

Lease Terms:

We are advised that a new lease shall be made availabale from the landlord at a rental ro £8,750 per quarter

Leasehold Rent:

£32,500 per annum

Location:

The property is situated on Clifftown Road, one of Southend-on-Sea's established and well-trodden retail and leisure parades, close to the town's principal shopping streets and only a short walk from Southend Central railway station, the High Street, and the seafront. Clifftown Road benefits from a strong mix of independent retailers, cafés, restaurants, and takeaways, generating consistent footfall from both local residents and the town's significant visitor and tourist trade.
Southend-on-Sea is a major Essex coastal town, popular with day trippers and staying visitors alike, with excellent road links via the A127 and A13, and a direct rail service into London Fenchurch Street and London Liverpool Street. The immediate neighbouring occupiers include estate agents, a bubble tea café, and a long-established jewellers and pawnbrokers, reflecting the parade's settled and varied trading mix.

Premises Details:
  • Ground floor: a well-appointed licensed restaurant and takeaway servery, finished to a high standard with a modern frying range, stainless steel counter, illuminated hot-hold display units, digital menu boards, and a comfortable dining area with banquette and table seating.
  • Basement: a substantial preparation area including potato preparation and storage area, walk-in cold storage, and public toilets.
  • Outside: a private rear/side patio seating area, screened and covered, providing an additional 16 covers.
  • First and second floors: living accommodation currently configured as 6 letting bedrooms, let out to produce a substantial additional income (see Turnover section).

The business trades under a premises licence permitting the sale of alcohol, and internally provides seating for approximately 50 covers, with a further 16 covers to the outside seating area.

Business Operation

Reasons for selling:

retirment

Employees:
Family Run