SOUTH WALES, GLAMORGAN, EXCEPTIONAL COMPANY OWNED AND MANAGEMENT CONTROLED LONG ESTABLISHED HIGH TURNOVER FISH & CHIPS RESTAURANT & TAKEAWAY, FITTED & EQUIPPED TO THE HIGHEST OF STANDARDS AND LOCATED IN A MOST MONOPOLISTIC & UNCHALLENGED SOUGHT AFTER COASTAL MAJOR TOWN.
TENURE:
We understand the existing Lease is part of a Property Company and is offering an existing ( FR&I ) Underlease which was an original Term of 25 Years from the 1st June 2020 and with valuable 5 yearly Rent Reviews. Current rent is £40,000 p.a. with next review until June 2025. The said Lease is fully protected under the Landlords & Tenants Act of 1954.
TRADING FIGURES:
We understand this exceptional Fish & Chips Restaurant & Takeaway produces Gross Yearly Sales in the region of £730,000 and/or about £14,500 to £15,000 per week and further understand weekly takings can usually double during peak trading Summer Season. Business completely controlled and run under Management & Staff although in our opinion, new fresh enthusiastic owner run hands could see the present high turnover increase substantially. Excellent Profitable high returns and all Audited within the Company Accounts. EBITDA estimated in the region of some £250,000 per annum.
TRADE EQUIPMENT:
We understand virtually all items of Trade Equipment are in virtually as new condition and headed by the newly installed Fish Frying Range which cost in the region of £100,000 alone. Excellent array of many other Trade Items and Fixtures & Fittings. Full Inventory will be supplied upon request. Rosen's have not inspected any Equipment within this business so are unable to comment on their working condition, although understand many item are in good working condition and regularly serviced.
SPECIAL REMARKS:
A ‘rare and exciting’ opportunity to acquire a highly successful, very profitable, and easily managed popular Fish & Chips Restaurant with a market leading take-away, a unique location and trading format unequalled within this Sought-After Coastal Town. Seated inside 34/40, outside 58/60. All electric Business with No Gas. Full extraction/filtration system (advised circa 99.9 clean air)/Air-conditioned, with CCTV camera and sound/music systems. .
PERSONALLY INSPECTED BY SOLE SELLING AGENTS
