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Fish & Chip Shop In South Gosforth For Sale

South Gosforth, Tyne and Wear, UK
Asking Price:
£60,000 Furniture / Fixtures included
Turnover:
£156,000
Net Profit:
Undisclosed
  • Sales circa £2,750 - £3,000 weekly.
  • Sought after residential area.
  • Ample pull in street parking nearby.
  • Located on main road and bus route.
  • Extensive, well fitted and equipped premises.
  • Genuine reason for sale.

Property Information

Property:

Leasehold

Lease Terms:

A 15 year lease is in place from September 2020 at a current rent of £11,400 per annum. A rent bond may be required and there are break clauses every 3rd anniversary.

Leasehold Rent:

£11,400 per annum

Location:

This business is located on Station Road (A191) which runs from central Gosforth through South Gosforth towards Benton and then Whitley Bay. This is a popular suburb of Newcastle approximately 3 miles north east of the City centre and the immediate area is a mix of good quality private housing. There are some pubs nearby and other occupiers include Majestic Wines, Domino pizza and Sainsbury’s

Premises Details:

A traditional fish and chip and hot food takeaway has occupied this site for over 50 years. The current owner acquired the business in 2024 and has carried out some improvements including the installation of LED lighting plus some new fridge and freezer equipment.

The current menu is quite compact and concentrates on traditional Fish and Chips plus a range of burgers and kebabs. There is a delivery service which makes up about 40% of the turnover but collection trade is still strong owing to the high levels of nearby residential accommodation. There is scope for a new operator to extend the hours and expand the lines sold and an unused pizza oven is included in the sale. There is enough prep and sales space to incorporate these extra products and the rear access onto the back lane could support any increased delivery offer.

Hot food opportunities in Gosforth are relatively rare this business could suit a variety of operators. Viewing is recommended to appreciate the location and potential.

Energy Performance Rating:
C

Business Operation

Management type:
This business is owner operated.
Trading hours:

Monday – Saturday 11.30am - 9.45pm
Sunday 4.00pm - 9.45pm

Employees:
The business is currently run by our clients with the help of 1 part time member of staff.
Years established:
5+