Fish And Chips Take Away Restaurant In Corby 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 £260,000 with a net profit of £60,000. (See financial summary below).
- A business with great potential which has not been exploited because the owners have chosen to operate the business with staff.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a partnership.
- Low rent and rates.
- Very low overheads.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides a traditional fish and chips service with a separate take away and restaurant service.

History
Agents are delighted to place onto the market this thriving leasehold fish and chips take away and restaurant operation in Corby, Northamptonshire which has been established since the 1960’s. The business has been in the hands of the current owner since 2004 and they now wish to sell due to re location.

Services
This very good business opportunity provides a traditional fish and chips service with a separate take away and restaurant service

Staffing
The concern employs 2 full time and 4 part time staff. The wages are £36,400 pa. The 2011 accounts show wages as £36,743 and in 2010 they were 41,708 pa.

Owners Role
The 2 owners both work 30 hours each 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 and is the premier concern of its kind in the area.

Competition
There is no local competition.

Market
The client base consists of locals, regulars and some 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 evenings and Sundays.
• Increasing the product line to include more products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction a home delivery service for evenings.

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:

Leasehold

Lease terms:

The original length of the lease was 15 years with 1 year remaining. The rent is £23,000 pa with a review in 1 year. The lease may be renewable or negotiable for longer term if required. The rates are £9,000 pa.

Leasehold rent:

£23000pa per annum

Location:

- Situated in town centre area of Corby in Northamptonshire.
- Prominent location on main arterial road
- Part of a parade of shops in the main shopping area.
- Excellent parking facilities in town centre.
- 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.
- 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 consists of 2 shops and is part of a parade of shops and is approximately 50ft x 75 ft. The front is branded with an attractive glass front. The take away area has a large modern range and the restaurant has 55 covers. There is a large kitchen and the usual facilities.

Other information

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 evenings and Sundays.
• Increasing the product line to include more products.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction a home delivery service for evenings

Competition / Market:

There is no local competition

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.

Reasons for selling:

Due to re location

Trading hours:

Monday to Saturday: 8.30 am – 6 pm
Sunday: Closed

Furniture / Fixtures value:

£40,000 (included in the asking price)

Inventory / Stock value:

£1,000