Leasehold Fish & Chip Shop For Sale

Business description

Bag a Business is pleased to offer to the market this busy fish and chip shop, which benefits from trading sensible hours. The business was established in 1946 and has been under the proud ownership of our clients since 2006. It now only being placed on the market due to ill health. Run by our client, with help from 3 part time members of staff, (average weekly wage bill £80), the business achieves a healthy rising turnover, which is currently over £94,000 per year, whilst enjoying a gross profit margin in the region of 60%. The Grumpy Old Cod has an excellent local reputation for its freshly cooked fish and its excellent chips. We feel that this opportunity represents an excellent base for a new owner to build upon, perhaps by opening all day or opening on a Sunday or Monday. Early viewing is strongly recommended.

Property information

Property:

Leasehold

Lease terms:

Original lease length: 15 years
Remaining lease length: 13 years
Review every 3 years
Rent: £8,000 per annum

Living accommodation:

Well presented single storey corner premises. Briefly comprising: GROUND FLOOR Main trading area with customer waiting area. Two-pan fryer with heated display over. Prep room with potato rumbler and chipper. Toilet EXTERNAL Rear yard Storage shed

Location:

The Grumpy Old Cod occupies a prominent corner position on one of the main roads that leads out of Taunton in Somerset. The area contains a wealth of complementary shops and businesses with ample on and off street customer parking. The business draws its trade from the densely populated surrounding area as well as those who travel from further afield for the excellent food offered. Taunton is the county town of Somerset and has an extensive mix of shops as well as good educational facilities. It has some of the best leisure facilities available. Although set in picturesque countryside it enjoys excellent links as it is adjacent to the M5 motorway, which connects with the M4 motorway at the nearby city of Bristol and leads to Wales to the west and London to the east.

Other information

Trading hours:

Sun - Mon: Closed Tues - Sat: 11.45am - 2.00pm and 5.00pm - 9.30pm