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Leasehold Fish & Chip Business Birtley For Sale

Chester Le Street, County Durham, UK
Asking Price:
£49,950
Turnover:
£182,000
Net Profit:
Available on request

Leybourne Fisheries 2 Leybourne Hold, Birtley DH3 1QF

Leasehold fish & chip business. Turnover circa £3,000 - £3,500 per week. Two storey unit 157 sq. m. (1,697 sq. ft.). Same ownership since 2010. Prominent main road position. Huge scope to increase trade (no deliveries). Excellent reputation. Ample free parking. New lease available. Rent £8,000 per annum.

Price £49,950 Leasehold

Ref I010

Property Information

Property:

Leasehold

Location:

Location
The business is located on A167 Durham Road in Birtley. The
unit occupies a prominent position north of the main shopping
precinct within the town. Leybourne Hold is a pleasant parade
of shops set back off Durham Road with free customer parking.
The parade benefits from residents, businesses, and excellent
passing trade.

Premises Details:

The Property
The business is situated on the ground and first floors of a mid terrace two storey property. The business trades from the ground floor 755 sq. ft. (70.2 sq. m.) consisting customer
waiting/service area, kitchen and prep room. There is a separate door to the first floor 87.4 sq. m. (941 sq. ft.) which has 3 store rooms, kitchen, two W.C facilitates and shower. The first floor does need renovation and is not allowed to be used for residential.

The Business
Our clients have been running the business since 2010 although it has been trading as a fish and chip shop for many years prior to this. Since taking over they have built up an excellent
reputation with many long standing and repeat customers. The business is a traditional fish and chips business but also offers pizzas, kebabs, wraps, burgers and parmesans. They only
offer over the counter service. The business comes fully equipped for the trade including
Hopkins 3 pan high efficiency frying range, Cuppone electric pizza oven, Ace hot plate, kebab rotisserie, 6 pot bain marie, pizza prep table (3 door stainless steel), Gas hob 2 burner,
dough mixer, potato chipper and potato rumbler.

Staff
The business is operated by one of the owners full time with the assistance of 1 full time member of staff. There are also two flexible part time members of staff.

Lease
15 year lease from and including 2nd August 2010 to and including 1 August 2025. The landlord will grant a new lease, terms, and conditions to be agreed.

Rent
£8,000 per annum

Price
£49,950 plus stock at valuation

Trading Information
We are verbally informed the business is turning over circa £3,000 - £3,500 per week.

Opening Hours
Monday – Saturday 11:30am – 9:00pm
Sunday Closed

Costs
The ingoing tenant to pay £500 for preparation of new lease.

Viewing
Strictly by appointment through this office.

Rateable Value
The 2023 Rating List entry is Rateable Value £5,600

As the RV is below £12,000, occupiers for whom this property forms their sole trading premises will not pay business rates. We advise to seek verification of the above from the Local Rating Authority.

Other Information

Related Documents: