Fish & Chip Takeaway Restaurant Hastings East Sussex For Sale

Business description

We understand that the business has been established for in excess of 100 years and in the proprietorship of our clients since April 2001. They are now selling the business for family reasons.

Sales centre around fried fish and chips both to take away and eat in the restaurant and the menu also includes burgers, pies, sausages and extras together with teas, coffees and cold drinks. Sales of fish and chips could be complimented with the introduction of early breakfasts.

We are advised that sales for the year ended 31 March 2009 reached £225,945 and that a gross profit of £162,266 was achieved. This represents a gross profit margin of 72%. The net profit is shown as £80,463.

Property information

Property:

Leasehold

Lease terms:

A 15 year lease from 25 March 2002 with 3 yearly rent reviews at a basic commencing rent of £30,000 per annum until review. The landlord advises that he would be prepared to grant a new 15 year, if required, to an approved tenant.

Leasehold rent:

£30,000 per annum

Location:

The premises are situated on Hastings seafront, directly overlooking the sea and almost immediately adjoining a large municipal car park. This part of the seafront forms one of the main pedestrian routes into town. There are numerous leisure facilities close by together with a range of shops and other catering outlets.

Premises details:

RESTAURANT
About 102 sq m (1,104 sq ft) with an internal width a front of about 6.4m
(21’3”). The premises are the embodiment of a traditional seafront fish and chip restaurant and takeaway and are arranged with 28 tables providing seating from about 104 customers. There are 2 ceiling fans and a servery.

Ladies and Gentlemen’s WC’s. Each with low level WC and wash hand basin.

Takeaway. About 29.7 sq m (320 sq ft). Double doors opening from the pavement. This area is comprehensively equipped with main items including:- a three pan gas fired range, serve-over with Casio 120CR-B electronic cash register, eight pot bain marie, Olis griddle, 3 microwave ovens, 3 stainless steel preparation tables, refrigerator, upright freezer, fish-keeper, drinks refrigerator, wash hand basin. Leading off is an area with a walk-in chiller and separate walk-in freezer each about 7.7 cubic m (273 cubic ft).

Preparation Room. About 15.7 sq m (170 sq ft). Potato chipper, potato peeler, double bowl stainless steel sink unit, stainless steel preparation table.

Business Operation

Reasons for selling:

Family reasons - ill health.

Trading hours:

11.00 am to 7.00 pm Monday to Sunday inclusive from March to October each year. During the winter the business closes at 2.30 pm Monday to Friday and 3.30 pm Saturday and Sunday.

Employees:

We understand that neither of the proprietors work in the business. Their son works part time. There are two full time and two part time employees and employees’ wages average a total of about £600 per week. Employees’ wages for the 2008/09 year averaged £658.65 per week.

Years established:

100+ years.