Leasehold Fish & Chip Shop Restaurant For Sale

Business description

Bag a Business Ltd is delighted to offer for sale this thriving fish
bar/restaurant in Hexham, Northumberland. The business was established in 2000 and has been in the careful ownership of our client since 2004. It is only now being offered for sale due to his wish to relocate back to the Midlands. The business boasts an excellent 30 cover restaurant as well as the very busy takeaway. Currently the business generates a very respectable turnover in the region of £5,000 per week with a gross profit of 65%. The premises have been fully refurbished and all new equipment installed. There is also potential to develop the upstairs space into 3 bedroom living accommodation, for which planning permission has been granted, which is currently only used for storage. Early viewing of this thriving, profitable business is highly recommended.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original length: 20 years
Remaining length: 18 years
Review every: 5 years
Rent: £15,500 per annum

Living accommodation:

Property Details Two storey, detached property occupying a high profile site, briefly comprising: Ground Floor • 30 cover restaurant • Takeaway sales counter • All new equipment First Floor • Currently used for storage, but now with planning permission and the landlord's consent to build 3 bedroom living accommodation. External • Private parking to the rear • Parking facilities directly opposite

Location:

Hexham Fish Bar is situated in a prime, highly visible trading position on Priestpopple, in the centre of the historic town of Hexham. The fish bar/restaurant is surrounded by a variety of shops, other quality businesses and residential areas. Hexham is steeped in history and attracts many tourists throughout the year, who come to visit the abbey and the Roman walls. Hexham is within easy reach of Newcastle and has excellent access to the North and South via good road networks.

Other information

Trading hours:

7 days a week