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Takeaway for sale

10 North Street - SS4


Property Description

Commercial information

  • Business for sale

Key features

  • Traditional fish and chip shop
  • Income £2,755 per week with limited trading hours
  • Densely populated residential area, good condition throughout
  • Potential to add additional food lines and home delivery, viewing recommended

Full description

Tenure: Leasehold

This is a well used traditional fish and chip shop occupying a prominent corner plot trading position in a densely populated area of Essex. The shop is amongst other independent retailers who benefit from a weekly Tuesday market, thus making the area busy throughout the day with high levels of regular local trade, general and passing footfall.

Having successfully traded from the same spot for many years and under the same ownership for 3 years, the business has earned a good reputation within the area and therefore enjoys a loyal customer base, attracting repeat trade from the immediate vicinity, as well as neighbouring areas.

The business is only being offered for sale due to our client’s wish to concentrate on their other business interests.

The business operates from a deceptively spacious property, which occupies a commanding high street position approx. half way through the one-way system, which benefits from free parking and 9 pubs which serve the area. The premises are presented to a good standard providing a welcoming feel in the main customer area.

The business comes with a comprehensive range of well cared for catering equipment, which includes a well maintained two pan fryer. The business would therefore ideally suit an ambitious and energetic family to move the business on to the next level, whilst maximizing profits by introducing additional items to the menu such as pizza’s and kebab’s and by also offering a delivery service given the lack of competition locally.

Currently weekly sales average £2,755 based on limited trading hours through choice.

Current records and accounts can be inspected when viewing.

Monday — Saturday 11:30 — 14:30 & 16:30 — 21:00
Tuesday & Friday extended until 15:30
Closed Sunday and Bank Holidays

The business is currently run under management along with additional part time members of staff, although the business would ideally suit a fully hands on operator to maximize profits.

Building External
The business occupies a deceptively spacious property which occupies a commanding corner plot position on the main high street thoroughfare. The shop is highly visible with good signage, with a large glass frontage.

The light and airy customer area is presented to a good standard throughout and provides a welcoming feel along with a two pan fryer, a single till serving counter with roll edge work top, a tiled floor, fully tiled walls and a drinks fridge.

There is a rear storage and prep area with a small office, twin stainless sinks, a commercial fridge and two double pizza ovens, which under the current ownership haven’t been used.

In our opinion and given the size of the rear prep area, any new owner would be advised to offer pizza’s as part of the main everyday menu in order to increase income and make use of the cooking facilities and prep stations which are included within the sale price.

A staff WC is also available with tiled walls and floor.

2 pan fryer in an excellent condition and serviced regularly
Bold chipper
Polar fridge
Chiller cabinet
2 x chest freezer
1 x up right freezer
Coca Cola fridge on loan from Coca Cola
Pukka Pie heater with glass display
2200w commercial microwave
2 x double pizza ovens
Southern fried chicken pressure cooker

There is no accommodation for any owner or staff.

We are advised that the business is held on a new 10 year lease which commenced in September 2013. The rent is £2,750 per quarter inclusive (correct as advised on 23.03.16). Rent reviews are at 3 yearly intervals.

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

An ideal opportunity to acquire this well used traditional fish and chip shop situated in a densely populated residential location, which would ideally suit a hands on operator to take this business to the next level.

A viewing is highly recommended to fully appreciate the area in general, business opportunity and genuine future potential.

Map & Street View

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