- High turnover and high profit margin operation.
- Long established and reputable business.
- Short trading hours. Total of 16 hours per week.
- Exceptional fit and finish with new 4 pan range.
- 1 Bed Flat above for occupation or letting out.
- Viewing highly recommended.
- Asking Price:
- £125,000 Furniture / Fixtures included
- Turnover:
- £200K - £500K
- Net Profit:
- Undisclosed
Property Information
- Property:
-
Leasehold
- Lease Terms:
-
The premises are available on a new lease at a rent of £450 per week (£23,400 per annum) to include the flat above. Terms to be agreed and the ingoing tenant will be responsible for the landlord’s legal fees in the preparation of lease.
- Leasehold Rent:
-
£23,400 per annum
- Location:
-
The business forms part of a small suburban shopping area just to the north of the City centre not far from the Stadium of Light. The immediate area is a mixture of residential and retail accommodation and occupiers include hair and beauty salons, a convenience store and a sandwich bar.
- Premises Details:
-
This fish and chip shop has been in our client’s ownership for over 30 years but has been placed on the market as they now wish to retire.
The premises was recently refurbished and the service area has been styled to reflect a traditional fish and chip shop with a menu that also reflects this theme. A new Kirenko 4 pan frying range was installed during the refurb and this state of the art range is regularly serviced and in excellent condition.
The current menu is compact and our client ensures that the quality of the produce remains high which is reflected by the loyal customer base and the strong feedback via social media. The shop has a 5* rating from the local authority food hygiene department and is in excellent order throughout.
The current hours are very short and the shop is also closed for holidays for 6 - 8 weeks per year. We see the business as an opportunity for either a couple or a partnership to grow further with genuine potential for motivated owners.
- Energy Performance Rating:
- C
Business Operation
- Management type:
- This business is owner operated.
- Reasons for selling:
-
Retirement
- Trading hours:
-
Wed - Fri 11.30am – 1.30pm 4.30pm - 7.00pm
Sat 11.30am – 1.30pm
Sun - Tues closed
- Employees:
- Currently operated by our client and 1 member of staff.
- Years established:
- 30+ years
