Key features:
- £14,000–£15,000 weekly turnover, run under management
- £56,000 per year rental income from bedsits above
- £250,000 refurbishment, including £85,000 Kiremko range
- 80-seat restaurant plus separate adjacent takeaway
- Established for over 60 years on a prominent corner pitch
An established fish & chip restaurant and takeaway in a wealthy north London suburb close to Hampstead, Finchley and Barnet, refurbished throughout at a cost of around £250,000 and currently turning over £14,000 to £15,000 a week under management. The site also generates around £56,000 a year in rental income from converted bedsits above the shop. Trading for over 60 years, with clear historical evidence of takings well above current levels under hands-on ownership.
Trading figures:
Gross takings currently average £14,000 to £15,000 per week, achieved virtually entirely under management. The business has a documented track record well above this level — when the present owners bought the shop through Rosens around 18 years ago, weekly takings under the previous owners were averaging over £25,000, and we believe a return to the £25,000 to £30,000 region is realistic in more experienced, hands-on ownership.
Trade equipment:
The headline item is an £85,000 seven-pan Kiremko island frying range, installed as part of the refurbishment and a substantial chunk of the asset value on its own. Beyond the range, every piece of equipment needed to run a fish & chip restaurant and takeaway of this scale is on site — too numerous to list individually, but comprehensive and in keeping with the standard of the rest of the fit-out.
Special remarks:
Quite possibly one of the finest fish & chip businesses you will see: established for over 60 years, refurbished at huge expense, trading at £14,000 to £15,000 a week under management, and underpinned by £56,000 a year in rental income from the bedsits above. The reason for sale is straightforward — the business is well run but, in our view, lacks the input of enthusiastic, hands-on owners, and we believe weekly takings could increase considerably under that kind of ownership. There is precedent: the previous owners were averaging well over £25,000 a week before the current owners bought the shop through Rosens around 18 years ago. Inspection is strongly recommended.
