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Commercial Property for sale

50 Calderbrook Road - OL15

£44,950

Property Description

Commercial information

  • Business for sale

Key features

  • Well known fish & chip take away
  • Weekly takings £1,700 (5 days only), no weekends, terrific potential
  • Monopoly position, highly populated residential area
  • Superbly fitted, valuable modern equipment, low overheads, viewing recommended

Full description

Tenure: Leasehold

DESCRIPTION
This is an excellent opportunity to purchase a long established and well known traditional fish & chip takeaway, which is prominently situated within the popular and sought after Littleborough district of Rochdale.

Phil’s Yer Tum occupies a monopoly trading position on a busy main road within a densely populated residential area, with ample unrestricted customer parking. The shop is adjacent to Littleborough Community Campus. The business subsequently attracts high levels of regular repeat and passing trade throughout the day.

Having successfully operated within the locality for many years, this highly renowned business has earned a truly enviable reputation, especially during present ownership for offering the finest fresh cuisine with a warm, friendly service. The business therefore boasts an extensive and loyal customer base, attracting trade from neighbouring areas.

The business is fitted out to an exceptionally high standard throughout, with a comprehensive range of valuable, modern catering equipment which has been well maintained. The business also benefits from a 5 * food hygiene rating.

Phil’s Yer Tum operates on limited hours just 5 days per week with no weekends. The business would therefore ideally suit an ambitious and enthusiastic operative, who has the opportunity to significantly extend the frying times and expand the menu with the opportunity to also introduce a delivery service. These enhancements will undoubtedly increase the weekly sales, whilst ultimately maximising overall profitability.

In order to fully appreciate this excellent business opportunity, a viewing is highly recommended to avoid disappointment.


Sales
Currently average £1,700 approximately.

ACCOUNTS
Available accounts are to year end 31st March and are summarised below:

2015 - Sales £79,907
2014 — Sales £76,827


TRADING HOURS
Monday - Friday 11:00 — 13:30, 16:00—18:30

STAFF
The business is managed by the owner with 3 part time members of staff.

Building External
This is a single storey lock up premises, located on a busy main road parade within a well populated area.

BUILDING INTERNAL
The spacious fully tiled sales area is bright and airy creating a welcoming environment, with a 3 pan gas counter range. To the rear there is a comprehensively fitted kitchen/ preparation area with an extensive range of excellent quality, valuable modern catering equipment.

RESIDENTIAL ACCOMMODATION
There is no residential accommodation for owners/management available.

TENURE
We are advised that the property is held on a 13 year lease which commenced in 2010. The annual rent is £5,000 exclusive (correct as advised on 01/04/2016). Rent reviews are at 5 yearly intervals.

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


SUMMARY
This is an excellent opportunity to purchase a thriving business with excellent potential for future improvement. To avoid disappointment, a viewing is highly recommended.


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