Fully Refurbished Busy Fish And Chip Shop Accommodation For Sale

Business description

The particular highlights of the business are:
- A well established business.
- Good loyal clientele.
- Fully equipped business with favourable lease terms (see below).
- Turnover in excess of £156,000 pa with a net profit undisclosed (see financial summary below).
- A business with great potential which has not been exploited because ill heath.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for partnership or couple.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides fish and chips and kebab takeaway.

History
We are delighted to place onto the market this busy Fish and Chip shop which has been established since 2006. The business has been in the hands of the current owner since 2006 and now wishes to sell due to retirement due to health issues.

Services
This very good business opportunity provides Fish and Chip Takeaway.

Staffing
The concern employs 3 part-time. The wages are £200pw.

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 locals.

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 PMs.
• Increasing the product line to include home delivery service.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.

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.


The present annual turnover is £156,000 with a gross profit of £93,600and a net profit undisclosed. The wages are £200 pw. The present value of the stock is £2000.
The potential turnover of the business within the next 2 years is forecast to reach £200,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note we do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. We will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.

Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by us who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.

Property information

Property:

Leasehold

Lease terms:

The original length of the lease was 20 years with 20years remaining. The rent is £13,000 pa. The rates are £2300.

Leasehold rent:

£13000pa per annum

Living accommodation:

On the first floor there is a 2 bedroom flat with living room, kitchen, bathroom and toilet.

Location:

- Situated in the busy area of Shoeburyness.
- Prominent location on main arterial road.
- Part of a parade of shops part of the local shopping centre.
- Excellent free parking facilities nearby.
- Industrial estates nearby.
- Surrounded by densely populated residential area with schools and other local amenities.
- High levels of passing trade.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area. .
- Shoeburyness town centre lies close by.
- Area enjoying much growth and regeneration.
- A lifestyle area.
- Excellent local demographics for this type of area.
- Affluent area.

Premises details:

The property is terraced and part of a parade of shops. The front is branded with an attractive glass front. The main customer service area is tiled It is very well presented and is very conveniently laid out.

There is an overhead menu. The shop has been fully refurbished to a very high standard

To the rear is a store room. There is a toilet, staff facilities.

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 PMs.
• Increasing the product line to include home delivery service.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website and e-commerce.
• With an enhanced website.

Competition / Market:

There is no local competition.

Reasons for selling:

The original length of the lease was 20 years with 20years remaining. The rent is £13,000 pa. The rates are £2300.

Trading hours:

Monday to Saturday: 11.30am - 9.30pm
Sunday closed

Employees:

The concern employs 3 part-time. The wages are £200pw.

Years established:

5 years

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:

£60,000 (included in the asking price)

Inventory / Stock value:

£2,000