3 bedroom takeaway for sale

Paignton, Devon

£399,950

Property Description

Commercial information

  • Business for sale

Key features

  • Desirable coastal location close beach
  • Prominent refurbished corner sited premises
  • Takeaway, seating for 20, outside seating for 6-8
  • Contemporary 3 bedroom maisonette, sea views
  • Takings £1,500pw from 3 evenings/12 hours
  • Everett Masson & Furby reference number: CFZ33429N

Full description

Tenure: Freehold

Description: A renowned Fish & Chip shop established a substantial number of years, offering both takeaway and eat in facilities, priding itself on serving a quality traditional menu. Of late due to impending retirement the business has been operated at a level to suit the lifestyle of the owners, only trading 3 evenings each week amounting to 12 hours purposely trading below the VAT threshold, still proving most profitable. Operating from a deceptively large corner sited property which in recent years has been the subject of comprehensive refurbishment at a cost approaching £100,000 ensuring no major expenditure is required in the foreseeable future. The business premises are immaculate, commanding 5* rating, comprehensively equipped, comprising air conditioned takeaway area complete with modern 4 pan range, 20 cover dining area, kitchen, wash-up area, potato preparation room, storage facilities, office and cloakroom. Extending over 2 floors above the business premises is a self-contained maisonette, ideal for owners or could be rented out to provide additional income, providing 3 bedrooms (1 en-suite), contemporary open plan kitchen, lounge and dining area from which sea views can be enjoyed, and a family shower room. Outside an enclosed front patio area provides alfresco dining facilities for customers whilst an enclosed rear yard houses a storage shed. The business commands an excellent reputation, enjoying regular all year round trade from the local resident community and from further afield. A lucrative summer boost is also enjoyed form the many day trippers and holidaymakers to the area, huge scope exists to build on the current levels of trade through longer opening hours with sales in the region of £150,000 considered easily achievable as seen in previous years.

Location: Enjoying an eye catching corner sited trading position considered lucrative and valuable, situated within a sought after desirable area such is the close proximity of the seafront - Preston Sands with its award winning sandy beach, promenade and popular beach huts which form the basis of the attractive logo of the business. Within walking distance can be found numerous attractions to include the popular pier along with visitor accommodation. The premises front the main pedestrian and vehicle thoroughfare to the seafront providing an abundance of passing trade with motorists benefiting from free restricted and unrestricted car parking immediately in front and opposite. The business premises are surrounded by sought after residential housing together with guest houses and hotels from which additional trade is received, the nearby A3022 provides easy access to both nearby Torquay and Paignton town centres with their national retailers, such is the nature of the road layout motorists using this road must drive past the business. The A380 ring road provides good communication links throughout the whole of Torbay and destinations further afield, to include the expanding City of Exeter where access to the M5 motorway network is found, recently assisted by the opening of the South Devon Link Road.

Premises: Modern uPVC framed glazed frontage with side uPVC framed glazed customer entrance door opening to RECEPTION AREA, non-slip flooring, half tiled walls, wall mounted air conditioning unit, fluorescent strip lighting, insect-o-cute, CCTV. Lucrative DINING AREA offering window seating and side seating areas with freestanding tables with matching chairs providing 20 covers, the area also houses glazed front Coca Cola drinks chiller and a second glazed front drinks chiller. Substantial 'L' shaped SERVICE COUNTER incorporating Henry Nuttall 4 pan frying range which was new in 2011, 2 oscillating ceiling fans above, hand wash basin behind, corner serving point fitted with work counter, base storage unit and rear stainless steel shelving, houses new touch screen EPOS till with printer, coffee machine and 2 pot Baine Marie with wall menu boards above. From behind the range access is gained to the KITCHEN AREA, fitted with work counter, base storage units, stainless steel sink/draining unit, wall mounted gas fired boiler and stainless steel wall shelving, contains a host of equipment to include 4 ring cooker, 3 commercial microwave ovens, twin deck pizza oven (not currently utilised), 2 new under counter Gram freezers and twin stainless steel upright chiller. Useful OFFICE AREA leading off, the kitchen continues through to the WASH-UP AREA, benefits from door to the customer dining area, fitted with commercial stainless steel sink/draining unit with spray head and stainless steel wall shelving. The premises continue to rear but also benefit from a side entrance LOBBY where the CLOAKROOM is situated, tiled walls, fitted with toilet and hand washbasin, the lobby provides additional access to the POTATO ROOM, also with tiled walls and floor, contains 25kg rumbler and a chipper, inter-connects with MAIN STORE containing stainless steel fish keep, 3 chest freezers, new upright freezer, potato pallet storage, storage racking and washing machine, back door opens to enclosed yard area.

(None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.)

Accommodation: As previously mentioned, in recent years, the property has been the subject of major investment at a cost approaching £100,000, this has included exterior painting, new windows, joists, eaves, roofs, solid wood fire doors, flooring, bathrooms, kitchen and much more. The accommodation is totally self-contained, deceptively spacious, extending over 2 floors above the business premises, benefiting from gas fired central heating and double glazing, ideal for owner occupation or alternatively could be rented out. UPVC front entrance door opens to LOBBY, provides coat hanging facilities and shoe storage, recessed spot lighting, stairs to FIRST FLOOR and LANDING/HALLWAY, side aspect, laminate flooring. Provides access to DINING ROOM, rear aspect, laminate flooring, double doors opening to LOUNGE, walk in bay window providing front aspect and sea views, laminate flooring, open plan KITCHEN also with front aspect, only refitted in 2018, stylish contemporary high gloss base and wall storage units, stainless steel sink/draining unit, cooker recess, plumbing for automatic washing machine and dishwasher. Leading off the landing/hallway BEDROOM 2, a double with side aspect and laminate flooring, BEDROOM 3, a single with side aspect and laminate flooring, contemporary newly fitted SHOWER ROOM, side aspect, tiled floor and walls, houses airing cupboard, fitted with corner shower cubicle with both electric and hot water showers, vanity hand washbasin, toilet, wall mounted illuminated vanity cabinet. Stairs from within the dining room rise to SECOND FLOOR LANDING AREA with Velux window, leading off is the MASTER BEDROOM, a double with side and rear aspects, laminate flooring, clothes hanging rails, EN-SUITE SHOWER ROOM, rear aspect, tiled floor and walls, fitted with walk in shower cubicle, vanity hand wash basin and toilet, wall mounted illuminated vanity cabinet.

Outside: To the front of the premises, raised and enclosed PATIO AREA providing alfresco seating/dining facilities for customers. Rear enclosed YARD with side pedestrian access, houses storage shed, provides BIN STORE, benefits from additional access to the business premises.

Business: Established a substantial number of years, well known throughout the area, the subject of considerable improvement and investment by the current owners only offered for sale to persue retirement. Serving a traditional Fish & Chip menu to include a variety of fish, sausages, chicken and burgers, freshly cooked to order, to eat in or takeaway. Ample scope exists to expand the menu range if new owners so wish with the possible introduction of pizza and kebabs. The business prides itself on the quality of the product served, frying the fish in oil for crispness and frying chips in fat to keep them moist, such is the quality of the product the business attracts customers from far afield who return on a regular basis in addition to regular orders from nearby residential homes. The nearby seafront ensures an abundance of trade through the summer months, in particular from the beach hut owners from which telephone orders are received.

Trading Hours: Operated at a low level to suit the lifestyle of the vendors, trading Thursday to Saturday evenings only, 5.00pm - 9.00pm. Ample scope exists to open additional evenings and lunchtimes for which there is considerable demand and has been undertaken in the past, in particular during the summer months with the business being the closest Fish & Chip shop to the beach.

Staff: Operated by a husband and wife team with the assistance of 2 part time members of staff.

Takings: We have been advised, based on the current opening hours of 3 evenings/12 hours, Sales average £1,500 per week, increasing during the summer months. Sales are purposefully maintained below the VAT threshold, they could easily be increased well into six figures which was previously the case, the business has achieved Sales in excess of £4,000 per week from opening 5 evenings and 5 lunchtimes during the summer months.

Comments: The sale of Richards Fish Café provides an opportunity to acquire substantial immaculately presented and comprehensively equipped Fish & Chip shop premises with the added benefit of owner's accommodation in a most desirable coastal location. Couple with this is a renowned established business offering considerable growth prospects in the hand of new owners through longer opening hours.

Tenure: Freehold.

Rates: Currently 'Nil' after 100% rate relief.

Note: The vendors would consider a part exchange with a detached house in West Yorkshire up to a value of around £270,000 with a cash adjustment to them.

Price: £399,950 for the benefit of the Freehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest stations

  • Paignton (0.9 mi)
  • Torquay (1.2 mi)
  • Torre (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F Group, Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 Local call rate

How much will it cost me to call the number displayed on the site?

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Map & Street View

Nearest stations

  • Paignton (0.9 mi)
  • Torquay (1.2 mi)
  • Torre (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F Group, Devon

3 Cornhill, Ottery St. Mary, EX11 1DW

01404 606038 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference CFZ33429N. 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 EM&F Group, Devon. 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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