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3 bedroom takeaway for sale

Salop Road, Oswestry, Shropshire, SY11

189 sq. m. | £150,000

Property Description

Commercial information

  • Business for sale
  • 2,034 sq ft (189 sq m)

Key features

  • REF 2075
  • FISH & CHIP SHOP
  • LEASEHOLD BUSINESS

Full description

Tenure: Leasehold

LOCATION
This Fish and Chip Restaurant and Indian takeaway business occupies substantial 2-storey premises, ideally located in the market town of Oswestry in Shropshire. The property benefits from a prime trading location on the very busy Salop Road and is surrounded by a wealth of complimentary shops, businesses and amenities. The fish and chip restaurant/takeaway boasts a high volume of footfall, as well as a lot of passing trade.

Oswestry is one of the UKs oldest border settlements and is the third largest town in Shropshire, following Telford and Shrewsbury. The town is just five miles from the Anglo-Welsh border and has many welsh language street and place names. The area is well served by the public transport system with several bus stops within easy walking distance of the property. The nearest railway station is approximately 3 miles away in Gobowen. The area is also well served by the A-road system with the A5 and A495 within easy driving distance, which link to the vast A-road and motorway networks. Shrewsbury is approximately 18 miles away and Whitchurch is 20 miles away.

BUSINESS
Hilton Smythe is delighted to welcome to the market this well-established and very popular fish and chip restaurant/Indian takeaway business in Oswestry, Shropshire. The business was established by our client in 2001 and is only now being offered to the market due to our client`s other business commitments. The business is open 7 days per week and generates a turnover in the region of 286,000, with a reported gross profit of approximately 70%.
Our client offers a wide range of cuisine including fish and chips, burgers, chicken, kebabs and Indian meals, as well as a wide selection of beverages. The business has an excellent reputation within the area, which has resulted in a very loyal client base with a vast amount of repeat trade and word of mouth referrals. The property was refurbished in 2012 and is well-presented throughout, boasting a dining area with a total of 10 covers and a well-equipped commercial kitchen. There is also spacious 3-bedroom flat to the first floor, which could be used as owners` accommodation or rented out to generate further income.
We feel there is scope for a new owner to hold on a small marketing campaign as there is currently little advertising in place. The business has an excellent website in place to advertise the wide range of goods offered, as well as offering online ordering facilities. This is an excellent opportunity for a new owner to take this already thriving and profitable business to the next level; therefore early viewing of this fish and chip shop/Indian takeaway business must come highly recommended to avoid disappointment.

PREMISES
Two-storey corner property, located on a busy main through road in town centre, briefly comprising:

Ground floor:

Tiled walls and flooring.
Diffused lighting.
Light box menu boards.
Three pan range with chip box.
Full width serve over counter unit.
Four pot Bain-Marie.
Four tables and chairs (10 covers).

Commercial kitchen area with double and single kebab grills, stainless steel extraction unit, two pot Bain-Marie, refrigerators and freezers, 6 x burner range, clay oven, walk-in chiller unit, stainless steel sink unit and microwave oven.
Potato preparation area with potato rumbler and chipper.

WC/shower room.

First floor:

3 x double bedrooms.
Large lounge.
Kitchen.
Bathroom.

Lower ground floor:

Cellar/store room.

External:

Well-signed frontage.

TENURE
We are advised Leasehold:

Original lease length: 5 years
Remaining lease length: 1 year
Review every: 5 years
Rent: 250 per week

HOURS
The business is open:

Monday - Sunday: 12.30pm - 2.30pm and 4.30pm - 10.30pm

STAFF
The business is owner run and managed with four staff members.

FINANCIAL PROFILE
The business generates a turnover in the region of 286,000, with a reported gross profit of approximately 70%.


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