The Balancing Eel | St Ives For Sale

St Ives, Cornwall, UK

Asking Price:: £170,000 Furniture / Fixtures included

Turnover:: £500K - £1M

Net Profit:: Available on request

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The Balancing Eel, St Ives, is a highly regarded Fish & Chip shop having been established for decades, and in our clients care since 2006. Situated in a prime spot overlooking the harbour it has an enviable reputation and the owners are looking to pass on this highly profitable and well loved business.

This is an opportunity not to be missed and is a real lifestyle opportunity to run a business in the idyllic setting of St Ives on the North Coast of Cornwall.

Full profit and loss accounts are available upon request, and viewing is strictly by appointment only through Miller Commercial

Property Information

Property:: Leasehold

Leasehold Rent:: £35,000 per annum

Location:: St Ives needs no introduction; it is a real gem in Cornwall
attracting hundreds of thousands of tourists each year to
its glorious beaches, mix of independent and national
retailers, as well as numerous restaurants, bars, cafes
and of course Fish & Chips.
The Balancing Eel itself is located on Back Lane
overlooking the harbour and at the northern end of Fore
St. St Ives has a rail station connecting to the mainline at
Truro, alongside plenty of car parks and local transport
links.

Premises Details:: The property itself comprises 4 levels, including a utility.
The ground floor, accessed up steps, is the takeaway and
kitchen area with steps to a first floor restaurant area,
which has not been in use since Covid. It has 48 covers
and could easily be put back into use should a new
owner so desire. The second floor is given over to
storage, and historically was used by the kitchen porters.
There is a hand operated dumb waiter from the ground
floor right up to the second.
The utility is then the engine house of the operation.
Home to the Hobart peeler, and IMC Chippers, numerous
freezers, fish fridges, and a washing machine, alongside
a useful hatch with steps up to the serving area.
The current owners have a well oiled machine of a
business in this property and make use of every inch of
space.

Size in square feet:: 1,250

Energy Performance Rating:: C

Business Operation

Reasons for selling:: This is a genuine retirement sale as our clients look to enjoy a slower pace of life.

Trading hours:: The business has been in our clients care since 2006.
Full profit and loss accounts are available for the last 5
years, with year end May 2022 showing an adjusted net
profit of just over £100,000 with similar levels expected
for year end 2023. The business employs 5 full time
members of staff, with an additional 10 in the summer
months on a part-time basis.