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Fish Chip Shop In Gateshead For Sale

Gateshead, Tyne and Wear, UK
Asking Price:
£75,000
Turnover:
£156,000
Net Profit:
Available on request

• Sales circa £3,000 weekly.
• Mixture of collection and delivery trade.
• Ample pull in street parking nearby.
• Located on main road and bus route.
• Extensive, fully fitted and equipped premises.
• Genuine reason for sale.
• £75,000 for the goodwill, fixtures & fittings.

Property Information

Property:

Leasehold

Lease Terms:

We are verbally informed that a new 20 year lease is available at a commencing rent of £200 per week, rising to £250 per week after 2 years. There will be open market rent reviews every 5th anniversary.

Leasehold Rent:

£10,400 per annum

Location:

This business is located on Saltwell Road which runs north south from Bensham Bank down towards Saltwell Park and Low Fell. This is one of the main routes through Gateshead and is home to a broad mix of occupiers including retail, residential, motor trade and eating establishments. Saltwell Road is accessible from the A1 Western Bypass and is within 10 a minute drive of Newcastle City centre.

Premises Details:

A traditional fish and chip shop has occupied this site for many years but the trade has been developed over the last decade to incorporate a broader menu. The property is in good order, having benefitted from a partial refit in 2016 which included a new Kiremko range, and the shop is currently configured to provide a separate customer and cooking area with two prep areas towards the rear.

The menu currently offers traditional English fish and chips plus a range of burgers, kebabs, pizzas and chicken options. There is a delivery service which makes up a proportion of the turnover but collection trade is healthy owing to the high levels of nearby residential accommodation which includes some new build units awaiting occupation.

This is a rare to the market opportunity and would be ideal for both owner operators or for an existing chain to bolt on to their network. Viewing is recommended to fully appreciate the location and fit out.

Size in square feet:
1,080

Business Operation

Trading hours:

Mon - Thurs 11am - 2pm 4pm - 10.30pm
Fri - Sat 11am - 11pm
Sunday 5pm - 10.30pm

Employees:
The business is currently run by our clients with the help of 2 part time members of staff.
Years established:
10 years

Contact North East Commercial

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