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Takeaway for sale

Alexandra Road,Lancaster,LA1

104 sq. m. | £219,950

Property Description

Commercial information

  • Business for sale
  • 1,119 sq ft (104 sq m)

Key features

  • FREEHOLD
  • REF: 2837
  • CHIPPY

Full description

Tenure: Freehold

LOCATION
Millstone Chippy occupies substantial two-storey premises, ideally located within the city of Lancaster, Lancashire. The property is situated in a densely populated residential area, from which the business derives much of its trade. The fish and chip shop benefits from a high volume of footfall and passing trade, as well as on-street parking facilities to the front and side of the premises.

Lancaster is the county town of Lancashire and is situated on the River Lune. Lancaster is a historic city, which offers an unusual level of contemporary cultural activity. The city is fortunate to have retained many fine examples of Georgian architecture. Lancaster Castle, the Priory Church of St. Mary and the Edwardian Ashton Memorial are among the many sites of historical importance.

The area of the business is well served by the public transport system, with bus stops within easy walking distance of the property. Lancaster railway station is just over 1 miles away. The area is also well served by the A-roads, with both the A6 and the A683 being within easy driving distance, which link to the national A-road and motorway networks. Morecambe is approximately 3 miles away and Preston is 29 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well established and popular fish and chip shop in the city of Lancaster, Lancashire.

Established as a Fish and Chip shop for over 80 years the business was purchased by our clients and fully renovated in 2010 to a high specification throughout.

The building benefits from UPVC double glazing, gas central heating and fully re-roofed as well as the installation of state of the art high efficiency counter range and quality equipment. Top score on the Food Hygiene Rating of 5.

Since our clients took ownership of the business they have ran it at a pace to suit their lifestyle and are now offering it to the market due to their desire for a well-deserved retirement

The business serves a traditional fish and chip shop menu and with only 21 hours opening per week the business generates a turnover in the region of 63.000 per annum (48wks) with a gross profit of approximately 68%

The property offers spacious owners living accommodation to the first floor with hallway, large lounge, 2 double bedrooms and 3 piece bathroom suite.

We feel there is scope to increase the turnover by extending the opening hours. A new owner could also embark on a modest marketing campaign to highlight the excellent fayre and service offered. There is also huge scope to expand the menu, perhaps by offering pizza or kebabs.

There is an excellent opportunity for a new owner to take this already thriving and popular fish and chip shop to the next level; therefore early viewing must come highly recommended to avoid disappointment.

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

Ground floor:

Spacious main sales area.
Kitchen.
Preparation room.
WC.
Door to rear yard.

First floor:

2 x double bedrooms.
Lounge.
Bathroom.

Equipment:

High efficiency three pan frying range (made by Hopkins - only 5 years old).
Double deep fat fryer.
Bain-Marie.
Drink refrigerator.
Upright refrigerator.
Upright freezer.
Cooker.
Ceramic burger grill.
Rumbler.
Chipper.
Fish refrigerator.
Chest freezer.
3 x microwave ovens.

External:

Free on-street parking.
CCTV covering the property.
Burglar alarm.

TENURE
We are advised Freehold.

HOURS
The business is open:

Monday: Closed
Tuesday - Thursday: 11.30am - 1.30pm and 4.30pm - 7.00pm
Friday: 11.30am - 1.30pm and 4.30pm - 8.00pm
Saturday: 11.30am - 1.30pm
Sunday: Closed

STAFF
The business is owner run and managed with 1 x staff member.

FINANCIAL PROFILE
The business generates a turnover in the region of 63,000 per annum, with a gross profit of approximately 68%.


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