Prominent Town Centre Location
Traditional Basic Menu
Potential For Deliveries
Annual Turnover £66,819
Gross Profit £42,001
Further Financial Info Available After Viewing
Retirement Sale
Potential To Convert Floors 1 & 2 Into Accomm
Seating For 16
Scope To Expand Menu
Scope to Expand Opening Hours
EPC - E
REF 6922 – Leasehold Fish & Chip Shop
Blacks Brokers are pleased to bring to the market this leasehold fish & chip shop located in the town centre of Radcliffe, Greater Manchester.
INTRODUCTION
Kath's Plaice has been trading on Blackburn Street since 2017 with businesses of a similar nature operating from this location for 30 years. Our client was attracted to the business by its shopping precinct location which brings in lots of regular footfall. The business is very well known and has an excellent reputation with a large base of regular customers and excellent reviews noted on Facebook.
LOCATION
The property is positioned on a small shopping precinct in Radcliffe town centre. The centre offers a range of independent retailers as well as large multiples such as Asda. Radcliffe is well linked by the M66 and M60 with good access to Bury and Manchester. Public transport links are good and parking is available in the surrounding area.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's retirement wishes, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
LEASE
The building is available on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial lease. The current lease is a four year lease which began in 2017 at a cost of only £196 per week.
BUILDING LAYOUT AND DESIGN
Kath's Plaice operates from the ground floor of a well presented mid terrace property on a parade of shops. The business is well branded with large signage displayed outside. Inside, the customer servery is positioned to the left hand side with a small seating area for 16 customers directly infront of you - this area is immaculately presented and has wooden flooring throughout. To the rear of the property is the preparation and kitchen area this is well equipped with a pizza oven, chipper, rumbler, gas oven and much more. There is also w ashing up area.
On the first floor of the property are four rooms all of which are currently unused. There is the potential for these rooms to be converted into accommodation or even offices for subletting however, a considerable amount of work would need to be carried out.
There are also a further two rooms on the second floor which are also unused at present.
STAFF
The business is currently operating with two part time members of staff in employment supporting our client working on a full time basis.
FINANCIAL DETAILS
Kath's Plaice has traded well for over the last two years. Accounts for year ending 5th April 2019 show annual turnover of £66,819 and gross profit of £42,001. Full financial information can be made available after viewing.
BUSINESS RATES
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
SUMMARY
This leasehold business occupies a superb trading position on a busy shopping parade and has a base of regular customers from the local area. There is plenty of scope to develop the business further with the introduction of a new online presence, deliveries/justeat and expansion of the current food menu. A new owner has potential to introduce new opening hours to suit the demand in the area. This proposition would ideally suit an owner operator or team who could push the business forward and build upon the solid and impressive trading foundations.
