Louis's Fish & Chip Shop, 6 Bay Street, Port Glasgow, PA14 5ED
- SIZE
Ask agent
- SECTOR
Takeaway for sale
Key features
- Turnover - £614,042 Y/E 31.03.2022
- EBITDA - £222,550 Y/E 31.03.2022
- Fantastic Central Town Position
- 6 Day Week Trading
- Christie Finance Available, Subject to Status
- Energy Rating D
- Christie & Co Ref: 6811086
Description
The building is situated on a Victorian stone build tenement style parade of other commercial units, with the two upper floors residential dwellings. The building has a slate tiled pitched roof.
Situated on the ground floor there is a large window allowing natural light into the unit with the entrance door to the right. There is modern signage above the door and window of the unit.
The outdoor pavement has recently been upgraded to modern block paving, double width to the roadway. The unit is located on the main thoroughfare of the town centre with an abundance of parking options nearby.
Port Glasgow is located on the south bank of the River Clyde in the Inverclyde Council area of Scotland. It is approximately four miles west of Greenock and 23 miles west from Glasgow City Centre.
The town was famous for its historical ship building, fishing and sea trade but is now a bustling town which has attracted external investment with the arrival of retail parks and extended growth in the private residential sector, evident over the past few years.
There are great public transport links to surrounding towns such as Greenock and Gourock and, with the M8 situated under a mile away, there are also great links to Glasgow, Edinburgh and the South.
There is a modern five pan Florigi range and cash till to the left of the unit as you enter, along with various other items for sale on slat wall and shelving to the rear of the store. The store has overhead LED lighting and a newly installed Terrazzo floor throughout the whole unit.
The preparation area is to the rear including a chipper, prep counters and sink etc, together with a WC.
GIA - 45m2 or 484sq.ft.
We have been advised that all equipment within the shop is owned outright and part of the sale.
TenureLeasehold - offers over £450,000 invited, with an annual rent of £8,000. Stock at valuation in addition.
The OpportunityThe owner has diligently run the business for many years and has built up a fantastic reputation in the area for good quality hot food. He has decided to sell to concentrate on his other business interests, leaving an opportunity for someone new to take over and move the business forward. The unit gives any new owner a fantastic opportunity to grow the turnover and ultimately the net profit. There are potential additions to the business which could be introduced to help increase the turnover and ultimately the net profit. They are as follows;
• The unit is open for trade six days per week presently so there is the opportunity of a further day's trade.
• The shop does not have a home delivery service and the owner does not accept card payments of any type, so the introduction of card payment system will immediately help increase turnover.
• Louis's is famous for its traditional fish and chips trade. The introduction of other hot food items to the loyal customer base such as fresh homemade pizzas etc could increase the footfall.
• There is a fantastic opportunity for a new operator the increase the already healthy turnover and maximise the potential net profit potential in the business.
The business is currently run by the current owner plus a mixture of part-time and full-time staff.
Transfer of Undertakings (Protection of Employment) Regulations (TUPE) will apply to any remaining staff. Full details will be available upon request.
Accounting information will be made available to interested parties after a formal viewing has taken place.
Trading HoursMonday to Saturday
11.30am to 9.00pm
The current Rateable Value is £4,000 (April 2023) and therefore qualifies for 100% relief via The Small Business Bonus Scheme. This is subject to status and all interested parties are advised to check with the relevant Local Authority.
Energy Performance Certificates
EPC 1Brochures
Louis's Fish & Chip Shop, 6 Bay Street, Port Glasgow, PA14 5ED
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Port Glasgow Station0.1 miles
- Bogston Station0.9 miles
- Woodhall Station1.3 miles
Notes
Disclaimer - Property reference 6811086-lh. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Christie & Co, Retail. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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