Fish And Chip Shop In London For Sale

East London, London, UK

Asking Price:: £99,950

Turnover:: Undisclosed

Net Profit:: Undisclosed

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EAST LONDON. VERY WELL ESTABLISHED FISH & CHIP TAKEAWAY BUSINESS WITH DELIVERIES, TRADES 3 LUNCHTIMES AND 6 EVENINGS CLOSING 9.30PM LATEST, RECENTLY PARTLY UPGRADED, OFFERED WITH NEW 12 YEARS LEASE, LOCATED ON PEDESTRIANISED AREA IN THE HEART OF HUGE RESIDENTIAL DISTRICT WHICH IS UNDERGOING REGENERATION, GENUINE SALE DUE TO OTHER COMMITMENTS.

TENURE:
The Landlord will grant a new 12 years Lease with 3 yearly reviews at commencing annual rent of £14,000 for Lock Up shop.

TRADING FIGURES:
We have been informed turnover is between £2,600 & £2,800 per week on a comprehensive menu, being a mixture of takeaway and delivery sales. Trades just 3 Lunches and 6 Evenings closing 9.30pm latest. GOOD SCOPE FOR ADDITIONAL OPENINGS WHICH IS BOUND TO INCREASE TRADE.

TRADE EQUIPMENT:
Well maintained 3 pan Bremith counter range, refrigerated display cabinet, 2 kebab machines, small griddle, heated cabinet, digital till, microwave oven, 4 ring domestic gas cooker, 2 fridge, pressure fryer, 2 chest & upright freezer, stainless steel fish keeper, chipper and peeler. (The above items have not been tested). Full inventory will be provided prior to completion.

SPECIAL REMARKS:
The Freeholder has owned the property since 1987 and took back the shop in 2019 from his previous tenant who had neglected trade. The shop was then partly upgraded creating a neat & tidy easy to operate unit which his 2 sons have been running ever since. However due to both family and other business commitments is now offered for sale. THERE IS LOTS OF GROWTH STILL AVAILABLE AND A TRIAL IS OFFERED TO GENUINELY INTERESTED BUYER.

PERSONALLY INSPECTED BY SOLE SELLING AGENTS

Property Information

Property:: Leasehold

Living Accommodation:: This a Lock Up shop, therefore no accommodation is included in the sale.

Location:: Excellent trading position within pedestrianised street with a number of trendy shops and has some annual events, that serves this vastly populated community surrounded by terrace homes in all directions. Once a working class area which is undergoing large scale regeneration & gentrification with lots of professionals moving to the area. In the proximity are schools, local amenities and station, all helping to secure year round trade.

Premises Details:: Firmly established mid terraced premises having a fully glazed frontage set in aluminium frame with tiled base, beneath coloured full width fascia and matching canopy. Single door entry to deep sales shop that's has tiled walls & flooring, suspended illuminated ceiling and equipped with a 3 pan Bremith counter range. To the front is refrigerated glass fronted display cabinet which encloses the stainless steel clad cooking section that's fitted with a overhead extractor fronted by menu display. Continuing on from the frying bay is a corridor off which is a rest room and large fully tiled preparation facility incorporating potato works/store plus rear access to service road used for deliveries. THE PREMISES HAVE RECENTLY BEEN PARTLY REFURBISHED.

Business Operation

Trading hours:: MONDAY TO WEDNESDAY, 4.00PM TO 9.30PM. THURSDAY THROUGH TO SATURDAY, 12.00 NOON TO 9.30PM. SUNDAY, CLOSED. POTENTIAL FOR EXTRA OPENINGS WILL BE OBVIOUS DUE TO SHOPS TRADING POSITION.