Refurbished Chip Shop In Ramsgate For Sale

Business description

Business Details
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 £156,000 (see financial summary below).
- A business with great potential which has not been exploited because owner lives 40 miles away.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides normal Fish and Chip menu.

History
Phoenix Business Transfer Agents are delighted to place onto the market The Delicious Fish Bar which has been established for 25 years. The business has been in the hands of the current owner since 2009 and now wishes to sell due to travel and family.

Services
This very good business opportunity provides traditional menu.

Staffing
The concern employs part timers in summer.

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 local and passing trade summer trade.

Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include late weekends.
• Increasing the product line to include Burgers/Kebabs.
• Home Delivery.
• 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.

PROPERTY DETAILS
The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and is very conveniently laid out newly refurbished.

To the rear is a store room and prep area. There is a toilet, staff facilities and a kitchen.

FIRST FLOOR
On the first floor there are 2 Bedrooms, Bathroom, Toilet and a Kitchen.

EXTERNAL
To the rear is a Shed and a small yard.

EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £30,000.

FINANCIAL DETAILS
The present annual turnover is £156,000 with a gross profit of 60% and the net profit is £15,000. The present value of the stock is £2000.
The potential turnover of the business within the next 2 years is forecast to reach £170,000 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 Phoenix 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. Phoenix 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 Phoenix Business Agents Limited 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 10 years with 7 years remaining. The rent is £3880 pa. The rates are £800.

Leasehold rent:

£3880 pa. per annum

Living accommodation:

On the first floor there are 2 Bedrooms, Bathroom, Toilet and a Kitchen.

Location:

- Situated in Ramsgate area of Kent.
- Prominent location on main arterial road.
- Part of a parade of shops.
- Excellent parking facilities nearby.
- 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.
- Well linked with the Town centre.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.

Premises details:

The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled with shelving and racking to the walls. It is very well presented and is very conveniently laid out newly refurbished.

To the rear is a store room and prep area. There is a toilet, staff facilities and a kitchen.

FIRST FLOOR
On the first floor there are 2 Bedrooms, Bathroom, Toilet and a Kitchen.

EXTERNAL
To the rear is a Shed and a small yard.

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 including local and internet advertising.
• Increasing the opening hours to include late weekends.
• Increasing the product line to include Burgers/Kebabs.
• Home Delivery.
• With the introduction of a website and e-commerce.
• With an enhanced website.

Competition / Market:

There is no local competition.

Reasons for selling:

Owner wishes to sell due to travel and family.

Trading hours:

Monday to Saturday: 11.00 am – 10.00 pm.

Employees:

The concern employs part timers in summer.

Years established:

25 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:

£30,000 (included in the asking price)

Inventory / Stock value:

£2,000