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Restaurant for sale

TR9

Sold STC £1,090,000

Property Description

Commercial information

  • Business for sale
  • Use class orders: A3 Restaurants and Cafes, A4 Drinking Establishments and A5 Hot Food Take away

Key features

  • Well established
  • Extensive property
  • 3 Bedroom owners accommodation with views
  • Most profitable fish and chip shop you will find
  • Great reputation
  • Award winning
  • Lease option available

Full description

Tenure: Freehold

Freehold Award Winning Traditional Fish & Chip Shop/Restaurant For Sale Location Indian Queens near St Columb, Cornwall
Spacious 3 Bed Accommodation Above
Licensed
Ref 2071

Location

This respected Fish & Chip shop business is located in the Cornish village of Indian Queens near St Columb. Its positioned on a busy main road between Truro and Wadebridge, 12 miles from Padstow and benefits from lots of passing trade.



Business information

Asking Price: 1,090,000 plus SAV
Leasehold 605,000 (Rent 52K PA
Option to buy the Freehold later)
Turnover: 734,560 pa net of VAT
GP: 448,857 (61.1%)
Net profit: 243,191
Business Rates: 6,413 pa
Stock: 8,000


Business Description

Veritas Business Sales are delighted to offer for sale this established Award Winning Traditional Fish & Chip Shop/Restaurant concern which is located in Indian Queens, St Columb Cornwall. The business has been established for 70 years and has been in the careful hands of the current owners for the last 8 years and is reluctantly being offered for sale so that my clients can enjoy a well deserved retirement. Since ownership they have continually invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is owner operated and requires the help of 4 full time and 12 part time members of staff and has an annual turnover of 734,560 with a GP of 448,875 and boasts a very healthy net profit of 243,191. All food is freshly cooked to order and they serve a fine selection of traditional fish & chips (cooked in beef dripping) and are fully licensed. All this can be enjoyed in their spacious restaurant that oozes a real family welcome. We believe that there is further potential to increase trade by extending the current opening times and opening on Sundays should you wish. The business enjoys a strong reputation within the local community and beyond and can cater for large groups, coach parties and as such has a high level of regular and repeat trade along with many passing tourists. This is a superb opportunity to purchase an established and highly profitable business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Opening Hours
Monday - Thursday - 12pm - 2pm - 4.45pm - 8.30pm
Friday - Saturday - 12pm - 2pm - 4.45pm - 9.00pm
Sunday - Closed

Ground Floor
Takeaway area comprising: stainless steel serving area with 4 x hot lamps, drinks counter, drinks fridge, stainless steel fridge (Fosters), slush puppy machine (Frutina), serve over sales counter with electronic cash register and menu board and TV monitor.
Kitchen/serving area comprising: tables and chairs for (82), serve over sales counter with cash register, 5 pan range (Florigo), under counter drinks fridge (Osbourne), under counter drinks fridge (Eco-Cool), milk dispenser (dairy Crest), coffee machine (Faema), hot water dispenser (Instanti), cold drinks dispenser (Pepsi), coffee cup warmer (Bravilor), bain-marie serving counter with hot lights, various stainless steel shelving and 6 x frying baskets with holding racks.
Back Kitchen Comprising: upright fridge (Fosters), stainless steel fish fridges with 12 draws, stainless steel fish fridge with 8 draws, dual hot plate (Cougar), 2 x stainless steel microwaves (Panasonic), upright freezer, stainless steel bin, various stainless steel shelves and a walk-in freezer room 2m x 2.5m. Potato preparation room comprising: potato chipper (Inc), potato rumbler, stainless steel sink drainer, large stainless steel table, various stainless steel shelving, stainless steel fridge, (Liebherr), stainless steel potato soak bath, 3 x large plastic chip containers, insect machine (Plus-Zap) and hand wash basin.
Storeroom with potato chipper, potato rumbler and various shelving.
Laundry Room comprising : 2 x washing machines (Bosh), ice machine (Blizzard) and various mops and buckets.
Gents W/C with hand wash basin Ladies W/C with hand wash basin. Disabled W/C with hand wash basin and baby changing area
Pot wash area comprising: sink drainer, commercial dishwasher (Sammic), can opener, 2 x stainless steel shelves, and cold drinks dispenser

First floor
Owners accommodation comprising:
2 x Double bedrooms
Single bedroom
Lounge
Bathroom with bath, w/c and hand wash basin.

External
Parking for (24)


Map & Street View

Disclaimer - Property reference 2071. 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 VERITAS BUSINESS SALES LTD, Truro. 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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