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Fish & Chip Shop + 4 Bed Flat For Sale

Southend-On-Sea, Essex, UK
Asking Price:
£162,500
Turnover:
Available on request
Net Profit:
Available on request

A well-presented and fitted fish & chip shop business which is situated in an established parade of shops within a densely-populated residential community. Trading with a traditional menu which includes fish, chips, burgers, pies and chicken, along with extras such as gherkins, pickled eggs, onion rings, mushy peas and buttered rolls. After our client purchased the business, they substantially increased the turnover to its current level of £6,500 per week, which is from shop sales only leaving massive scope to increase further by incorporating a delivery service to the business. Our client has built up a fantastic reputation over their period of ownership, supported by a 4.7* Google rating and 4.7* Restaurant Guru rating. Viewing recommended. OUR REF: C6572E RX------

Location

The premises is situated within an established parade of shops, in a densely-populated residential community benefitting from both free lay-by parking and a bus stop directly to the front of the premises.

Tenure

Approximately 7 years unexpired of a renewable lease at a current rental of £15,400 per annum exclusive, inclusive of the 4 bedroom flat.

Premises

Trading from a terrace parade of shops with fascia board, glazed frontage and single glazed entrance door leading into the premises which is arranged as follows:
Main Takeaway Area

With suspended ceiling, panelled lighting, tiled flooring, tiled floors, customer seating, drinks display fridge, 3-pan range (Shire by Bremith), heated display counter, 2 x microwaves, griddle, under-counter fridge, till, wash-hand basin and small under-stairs store cupboard. A door at the rear of this area leads into a PREP ROOM with tiled flooring, strip lighting, various stainless steel prep tables, stainless steel large double fridge, chest freezer, stainless steel fridge, microwave, oven and Bain-Marie. An opening at the rear of the prep room leads into a SECOND PREP ROOM equipped with double stainless steel sink, large fridge, chipper, peeler, tiled flooring, Henny Penny chicken machine and a WC. Door at the rear of this area leads outside to a COURTYARD AREA and a LARGE DOUBLE GARAGE with chest freezer inside.

Self-Contained Flat

Self-contained large 4-Bedroom Flat accessed via a door from the front of the property leading to a staircase up to the flat which is arranged over the first and second floor of the property providing 4 bedrooms, kitchen, lounge and bathroom. (Gilbert & Rose did not inspect the accommodation).

Staff & Trading Hours

The business is run by the vendor on a full-time basis with the assistance of 3 part-time members of staff. Monday to Saturday 11.30 am till 9 pm. Closed on Sundays.

Turnover

We are advised that turnover currently averages £6,500 per week for shop sales only. There is massive potential to increase the current takings by incorporating a delivery service in addition to extending the trading days and times.

Business Rates Payable

Zero business rates payable.

Legal Costs

Each party are to be responsible for their own, with the landlord's legal costs to be split 50/50.

Summary

A nicely-fitted fish & chip shop with very strong established turnover from shop sales only, leaving massive scope to increase further by incorporating a delivery service, in addition to extending the trading days and times. Large 4-bed accommodation above. Viewing recommended.

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.

Property Information

Property:

Leasehold