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Takeaway for sale

Duncombe Street, Grimsby, Lincolnshire, DN32

Sold STC 118 sq. m. | £25,000

Property Description

Commercial information

  • Business for sale
  • 1,270 sq ft (118 sq m)

Key features

  • REF 13039
  • LEASEHOLD BUSINESS
  • FISH * CHIP SHOP/RESTAURANT

Full description

Tenure: Leasehold

LOCATION
Mr Chippy Fish Bar occupies substantial two storey premises, ideally located within the town of Grimsby, Lincolnshire. The business is situated on Dunscome Street, just of the very busy Freeman Street and is surrounded by a wealth of complimentary shops and businesses, therefore, benefiting from a high volume of footfall and passing trade. The business further benefits from car parking facilities to the front of the premises.

Grimsby is a large town and seaport, situated on the south bank of the Humber Estuary. According to the 2011 census, the town had a residential population of 88,243. Freshney Place is Grimsby's main shopping centre, and is also Lincolnshire's largest shopping centre, visited by over 14 million shoppers per year.

The area of the business is well served by the public transport system, with several bus stops within easy walking distance of the property. Grimsby Docks railway station is just over 5 minutes' walk away. The area is also well served by the A-roads, with both the A180 and A16 being within easy driving distance, which link to the national A-road and motorway networks. Cleethorpes is approximately 2 miles away and Hull is 33 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and popular fish & chip shop and restaurant business, which is ideally located within Grimsby, Lincolnshire.

The business was originally established in 1950 and has been in our client's careful ownership since 2001. Only now is the business being offered to the market due to our client's desire for a well-deserved retirement. The business currently operates on limited hours for 5 days per week, generating a turnover in the region of 54,580 per annum, with a gross profit of approximately 58%.

Our client offers a traditional chip shop menu, including fish & chips, pies, puddings and sausages. The property boasts 118 sq. metres of floor space, is very well maintained and decorated to a high standard. To the ground floor is the main service area with seating for 20 covers, a rear kitchen and storage areas. To the first floor is a large seating area with 52 covers.

The business has built up an excellent reputation within the area for the high quality of the goods and services offered, which has resulted in a very loyal client base, with a high volume of repeat trade and word of mouth recommendations.

We feel there is scope to increase the turnover by extending the opening hours, as the business currently operates on limited hours for five days per week. A new owner could also embark on a modest marketing campaign to promote the business and service offered.

This is an excellent opportunity for a new owner, perhaps a husband and wife team or partnership, to take this fish & chip shop business to the next level; therefore, early viewing must come highly recommended to avoid disappointed.

PREMISES
Substantial two storey premises in a prime trading location, briefly comprising:

Ground floor with:

Waiting service area with:

3 x pan range with hot cabinet.
Stainless steel service counter.
Fish refrigerator.
4 x pot Bain Marie with under storage.
Stainless steel table.
Electronic cash register.
Double door drink chiller unit.

20 x cover seating area with table and chairs.

Rear kitchen with:

Chest freezer.
Double bowl sink unit with 3 x drainers.
Microwave over.
Hand wash basin.
Stainless steel shelving.

Rear room with:

Griddle.
Stainless steel refrigerator.
Oven.
Small chest freezer.
Commercial microwave oven.
4 x ring hob.
Hot water urn.
Work counter.

Potato preparation room with:

Chipper.
Rumbler.
Chip bins.

Ladies and gents' WCs.

First floor:

52 x cover seating area.
Storage room with boiler and extraction fans.

External:

Security grill to windows and door.
Street parking.

TENURE
We are advised Leasehold.

Original lease length: 10 years
Remaining lease length: 10 years
Rent: 5,500 per annum

HOURS
The business is open:

Monday: Closed
Tuesday - Saturday: 10.45am - 2.30pm
Sunday: Closed

STAFF
The business is owner run and managed with 2 x part time staff members.

FINANCIAL PROFILE
The business a turnover in the region of 54,580 per annum, with a gross profit of approximately 58%.


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