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Leasehold Fish Chip Takeaway Located In Nuneaton For Sale

Nuneaton, Warwickshire, UK
Asking Price:
£350,000 Furniture / Fixtures included
Sales Revenue:
£300,000
Cash Flow:
Available on request

Leasehold Fish & Chip takeaway located In Nuneaton. Three bedroom flat above & includes a three bedroom detached bungalow. Established and profitable business.

Veritas Business Sales are privileged to offer to the market this respected Fish & Chip takeaway which is located in Nuneaton. The premises has traded as a takeaway for circa 45 years and has been in the hands of the same family for the past 30 years. My client has been at the helm for the past 6 years and is now offering the business for sale so that they can enjoy a well deserved retirement.
Since ownership there has been continual investment to include new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. Weddington Fish & Chips is owner operated with the help of 1 full time & 8 part time member of staff and has a weekly turnover in excess of £10,000. Further information on turnover will be discussed on application. They serve a fine range of fish & chips, pies, saveloys, condiments, kebabs, burgers, southern fried chicken and cold drinks. Approximately 85% of trade is walk-in with the remaining 15% being delivered out by Uber Eats. The shop has the benefit of a self-contained three bedroom flat above which could be sub-let and a purpose built detached three bedroom bungalow which the shop owners can either live in or sub-let.
We believe that a new owner could increase trade by extending the current opening times, increasing the food offering by adding pizzas and by joining more of the on-line delivery portals such as Just eat & Deliveroo. The business has built a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade. This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this is not to be missed.

Property Information

Property:

Leasehold

Lease Terms:

New Lease Available
Term: 15 years
Rent: £30,000 pa
Reviewed: 3 yearly
Rates: zero

Leasehold Rent:

£30,000 per annum

Location:

This unopposed and well established Fish & Chip Takeaway is located in Nuneaton. Situated within a prominent and highly visible trading position on the (A444) Weddington Road. The immediate area has plenty of residential properties, shops and businesses and the Nuneaton town centre is within a short walk. The town is the largest town in Warwickshire with a population of over 86,552 and offers an abundance of large retailers and an array of bars & restaurants which bring high levels of footfall to the area. The (A444) gives easy access to the M6 motorway which links you to all major motorway networks. Nuneaton is 8 miles (13 km) north of Coventry, 18 miles (29 km) east of Birmingham, 16 miles (26 km) south-west of Leicester and 103 miles (166 km) northwest of London.

Premises Details:

Ground Floor
Takeaway comprising: 3 pan range (Henry Nuttal) with 1 x chip box & 1 scrap box & 3 warming cabinets, serve over sales counter with EPOS till system, triple kebab rack, kebab meat shaver, electric knife, extraction canopy, base units, undercounter freezer (Beko), sandwich press, 8 pot wet bain-marie, pie warmer, microwave (Electrolux), chicken fryer (Kuroma), second serve over counter, 6 LED menu boards, 2 wall mounted menu boards, cold drinks chiller, indoor evaporative air cooler and two separate entrance doors.
Kitchen comprising: stainless steel sink drainer, 2 large stainless steel tables, 2 small stainless steel tables, 4 ring gas cooker, stainless steel wash basin, fish fridge, wall mounted units, wall mounted paper towel dispenser and CCTV monitor.
Storeroom with chest freezer, upright stainless steel freezer (Williams), upright stainless steel double door fridge (Sterling), stainless steel table, wall mounted units, metal storage racking, understairs storage cupboard and an indoor evaporative air cooler.
Staff changing room with floor safe.
W/C with wash basin.
Chipping room with potato chipper (Bold), potato peeler, 5 plastic potato soak tubs, chest freezer, potato storage area and combination boiler (Main).
The shop benefits from a 10 camera HD CCTV system with remote viewing (expandable to 16 camera), three phase electricity and an intruder alarm.

Ground Floor
Rear porch leading to hallway with stairs leading to the first floor.
Laundry room with pressurised water tank (1,000 litre), washing machine (Beko) and dryer (Indesit).
First Floor Flat
Family bathroom with built-in storage cupboards
Landing/lounge area
Kitchen/dining room
Double bedroom with velux window
Double bedroom
Double bedroom
The flat benefits from gas fired central heating and UPVC double glazing.

External
Side gate with patio area which leads to a rear car park with parking for (10) vehicles and a UPVC shed which is used for storage. Three bedroom detached bungalow with mature gardens and views of the river.

Detached Three Bedroom Bungalow
Entrance door leading into an open plan kitchen/lounge/dining room with fitted storage cupboard and rear bifold doors which lead to the rear garden.
Master bedroom with fitted wardrobes and en-suite shower room.
Bathroom with shower, W/C and wash basin.
Double bedroom
Double bedroom
The bungalow was purpose built 6 years ago and benefits from UPVC double glazing and gas fired central heating. The kitchen/lounge/dining room has (Karndean flooring) throughout.

Business Operation

Reasons for selling:

Retirement

Trading hours:

Monday – Saturday – 11:00am – 2:00pm – 4:00pm – 9:00pm
Sunday – closed

Years established:
45 years

Other Information

Inventory / Stock value:
£3,000

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