Shop for sale

North Valley Road, Colne, Lancashire, BB8

£169,000

Property Description

Full description

POPULAR TOWN CENTRE FISH & CHIP SHOP - LANCASHIRE
Long established & highly reputed business
Early viewing essential to fully appreciate
Advised annual turnover of 75,000
Scope for further development
Ideal partnership opportunity
First floor accommodation
Genuine reason for sale
Walk in condition
FREEHOLD
Location

The business occupies substantial two storey premises and is ideally located on a main through road in Colne, Lancashire. The business is surrounded by commercial and residential properties from which it derives much of its trade. The business benefits from on-street parking directly outside the property, as well a high volume of footfall and passing trade. Colne is the second largest town in the Borough of Pendle, after Nelson, which lies immediately to the west. The area is popular with visitors and tourists who visit Colne and the surrounding beautiful villages and open countryside. The area is well served by public transport with numerous bus stops within easy walking distance of the property, with the nearest train station being less than half a mile away. The area is well served by the A-roads with the A6068 within close proximity, which leads to the A-road network and the M65 motorway.


Business History

Meridian Business sales are delighted to offer for sale this popular fish & chip shop which was established over a century ago and has been in the hands of our client since 2000. The only reason this excellent fish & chip shop is being offered to the market, is due to our client's desire to take a well deserved retirement. Since our clients took ownership of the award winning business they have undertaken a full programme of refurbishment meaning that the business is in full walk in condition, it has been ran at a pace to suit their lifestyle, meaning that there is massive scope for a new hands on owner operator to further develop the business. Our clients inform us that annual turnover is 75,000 with a gross profit margin of 50-60% which is derived from the sale of traditional style fish & chip products and soft drinks. The business enjoys a strong reputation in the community and in 2013 won best chip shop in Colne & was runner up in the borough of Pendle. 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 businesses of this nature rarely stay on the market for long.

Financial Profile

Turnover: 75,000pa
Gross Profit: 50-60%


Tenure

Virtual Freehold
Long Leasehold
Original Length: 999 years
Remaining: 890 years
Rent: 0.52pa

Opening Hours

Monday: 11:30am - 1:00pm > 4:30pm - 6:00pm
Tuesday: 11:30am - 1:00pm > 4:30pm - 6:00pm
Wednesday: 11:30am - 1:00pm > 4:30pm - 6:00pm
Thursday: 11:30am - 1:15pm > 4:30pm - 6:30pm
Friday: 11:30am - 1:15pm > 4:30pm - 6:30pm
Saturday: Closed
Sunday: Closed


Accommodation

Well presented glass fronted Victorian character property briefly comprising:

GROUND FLOOR
Secure entrance to:
Heated glass fronted serve-over food display, serving/payment counter, drinks fridge, 3 pan Hopkins range fryer and bain-marie.

Rear work/preparation room, bain-marie, cooker, washer, fridge/freezer, wash basin, 2x microwaves and various equipment throughout.

Wet room - Rumblers x2
Chipper

Store room - Fish fridge
Freezers

FIRST FLOOR
Double bedroom
Kitchen
Lounge
Bathroom

EXTERNAL
Storage shed to the rear
Shared rear yard

Nearest stations

  • Colne (0.3 mi)
  • Nelson (2.2 mi)
  • Brierfield (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Colne (0.3 mi)
  • Nelson (2.2 mi)
  • Brierfield (3.3 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Meridian Business Sales Ltd, Bolton

First Floor Office Suite, Nelson Mill, Gaskell Street, Bolton, BL1 2QE

01204 521417 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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