Long established, a fish & chip shop business situated in the ever-popular and desirable village of Alcombe, to the outskirts of the resort town of Minehead, Somerset.
999 Year Lease (Virtual Freehold) - EPC Rated - D
Ground Floor Building Only - Character property briefly comprising traditional chip shop (circa 700 sqft) with main reception, ancillary areas, prep, storage rooms, and outbuildings, fully fitted and equipped including a pristine commercial range burner. Attached 2 bedroom flat (No.1 Alcombe Hall, circa 600 sqft) with lounge-dining room, kitchen, bathroom, 2 bedrooms. (currently let on assured short-hold tenancy at £700 pcm. vacant possession if required) Easy accessible trading location in a densely populated residential area, Free parking bays to the front, with further on road parking to the surrounds.
Offered as a going concern with excellent historic financials and accounts, the business benefits a consistent annual turnover of £150,000 to £175,000 pa. with a gross profit of £80,000 to £90,000. Headline numbers for the most recent financial year ended 2022 show: EBITDA - £61,000 - Operating Profit £31,491 - Adjusted Net Profit £42,000 pa. (currently trading 5 days per week, on a 21:00 close, 11 months per annum, with a large seasonal boost) (1 month annual leave taken by proprietors, usually January)
Operated on a lifestyle basis by a husband wife team with 2 part time staff, the business is acknowledged as being the go-to fish and chip shop in the local area. Huge scope and growth remains, and or potential to create an investment income.
Accounting information will be made available to seriously interested parties, further to a formal viewing. OIRO £300,000
