London Leasehold Fish And Chip Shop Restaurant Reduced For Sale

Business description

The particular highlights of the business are:
- A long established business.
- Good loyal clientele.
- Fully equipped business with favorable lease terms (see below).
- Turnover in excess of £200,000 with a net profit of £60,000. (See financial summary below).
- A business with great potential which has not been exploited because the owner wishes to retire.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or a partnership.
- A high quality business which is very well presented.
- A niche concern with very little competition.
- Business enjoys superb local reputation.
- The concern provides a traditional fish and chips service as well as a restaurant and take away including kebabs.

History
Agents are delighted to place onto the market this thriving leasehold fish and chips take away and restaurant which has been established since 1936. The business has been in the hands of the current owner since 2007 and he now wishes to sell due to retirement.

Services
This very good business opportunity provides a traditional fish and chips service as well as a restaurant and takeaway including kebabs. There is also a delivery service which has been recently introduced.

Staffing
The concern employs 2 staff and the wages are £15,000 pa.

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
As far as competition is concerned there are similar businesses in the area.

Market
The client base consists of locals, regulars and passing trade and customers for home deliveries.

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 closing especially weekends and Sundays.
• Increasing the product line to include more food products.
• With the introduction of a website and e-commerce.


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 £200,000 with a gross profit of 70% and a net profit of £60,000. The wages are £15,000. The present value of the stock is £1,000.
The potential turnover of the business within the next 2 years is forecast to reach £350,000 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 10 years with 3.5 years remaining. The rent is £31,500 pa. The lease may be renewable or negotiable for longer term if required. The rates are £5,200 pa.

Leasehold rent:

£31500pa per annum

Living accommodation:

On the first floor there is a 3 bed room flat which earns £11,000 pa in rent.

Location:

- Situated in High Street of West Drayton.
- Prominent location on main arterial road.
- Surrounded by many shops and retail outlets.
- Metered parking outside.
- Industrial estates nearby.
- Surrounded by densely populated residential area with many offices and other businesses which contributes to a good lunchtime trade.
- 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 is part of a parade of shops and is approximately 50ft x 40 ft. The front is branded with an attractive glass front and the premise consists of 2 units. There are electric shutters and a CCTV system. The service counter is to the front and there is a 16 cover restaurant.. It is very well presented and is very conveniently laid out.
There is an overhead menu. There are customer toilets.

To the rear is a store room. There are a toilet and staff facilities and a fully equipped kitchen. There is also a toilet.

Size in square feet:

50ft x 40ft

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 later closing especially weekends and Sundays.
• Increasing the product line to include more food products.
• With the introduction of a website and e-commerce.

Competition / Market:

As far as competition is concerned there are similar businesses in the area.

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:

wishes to sell due to retirement.

Trading hours:

Monday to Saturday: Noon to 10 pm
Sunday: Closed

Furniture / Fixtures value:

£30,000 (included in the asking price)

Inventory / Stock value:

£1,000