Freehold Fish And Chip Shop With Accommodation In Leicestershire For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £130,000 with a net profit of £50,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner has family issues.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a sole trader.
- An excellent investment opportunity
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a traditional fish and chips service.

History
Agents are delighted to place onto the market this thriving fish and chip shop based in Leicestershire which has been established since 1970. The business has been in the hands of the current owner since 2008 and he now wishes to sell due to family reasons.

Services
This very good business opportunity provides a traditional fish and chips service.

Staffing
The concern employs one part time and one full time member of staff and the wages are £20,000 pa.

Owners Role
The owner is involved in the day to day running of the business.

Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.

Competition
There is no local competition.

Market
The client base consists of regulars and passing trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include later closing and opening all afternoon.
• Increasing the product line to include pizzas and a home delivery service.
• Becoming more efficient with staffing levels.

Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made

Property information

Property:

Freehold

Living accommodation:

On the first floor there is a 3 bed room flat with the usual amenities.

Location:

-- Situated in town centre area of Hinckley in Leicestershire Prominent location on main arterial road
- Part of a parade of shops with some 3 units.
- Excellent parking facilities.
- Industrial estates nearby
- Surrounded by densely well populated residential area with schools and other local amenities.
- High levels of passing trade
- Good volumes of traffic and pedestrian flow
- Commercially thriving area.
- Area enjoying much growth and re generation.
- A lifestyle area
- Excellent local demographics for this type of area.

Premises details:

This property consists of a retail fish and chips outlet with a quality front and full serve over range. There is a preparation area as well as a spudding area and staff facilities. There is also a cold room.

Business Operation

Expansion potential:

The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings and local and internet advertising.
• Increasing the opening hours to include later closing and opening all afternoon.
• Increasing the product line to include pizzas and a home delivery service.
• Becoming more efficient with staffing levels.

Competition / Market:

There is no local competition

Reasons for selling:

family reasons

Trading hours:

Monday to Sunday: 11.30 am – 2 pm and 4.30 pm – 11 pm

Employees:

2

Years established:

1970

Other information

Support & training:

The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The Owner would also be happy for an on the job observation period to assess the business prior to offers being made

Furniture / Fixtures value:

£35,000 (included in the asking price)

Inventory / Stock value:

£1,500