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Commercial Property for sale

Louth, Lincolnshire, East Midlands, LN11

£75,995

Property Description

Key features

  • Ref:14031 F
  • Leasehold

Full description

Business
The business has been operated by the current owner for over 20 years and continues to serve tourists and the local community alike. This is a retirement sale.

The shop serves traditional Fish & Chips along with a range of hot drinks which can be either taken away or enjoyed in the seating area to the rear of the restaurant which has over 50 covers. The business is well established in the local community as well as with visitors, throughout the year and offers the opportunity for a new operator to take a fresh view on the business and build further on its success.

There is an opportunity to expand the food offering further as well as maximising the potential of the restaurant to the rear, extend hours, offer theme evenings and establish the venue for private functions. The web and social media presence could also be further established to generate more business.

The business is an excellent opportunity in a picturesque and thriving location which has not been available to a new operator in over two decades.

Location
Tony’s Plaice is located in the tourist town of Louth, Lincolnshire.

Located in the heart of the busy picturesque market town of Louth Tony’s Plaice has the benefit of an enviable corner plot at the centre of this thriving town. The premise has an eye-catching shop front, easily visible to passing trade.

There is on street parking along Eastgate and a pay & display car park a few steps down the road, making the site very accessible on both foot and by car for visiting tourists.

Louth is a popular holiday destination as well as having the benefit of a strong local community.

Premises
Corner position situated along a row of shops on Eastgate in Louth. Beautiful shop front with some seating.

On entry is the open fish shop counter with range behind. To the side of this is an entrance to the restaurant area.

The restaurant is a great size with 50+ covers. There is a range of seating with a chilled service counter in the centre.

Equipment includes:
All fish frying equipment
Stainless steel preparation tables
Storage units
Wooden tables and chairs throughout the restaurant
Deep freeze units
Refrigeration units
Shelving and display counters
All potato and fish preparation equipment including stainless steel tables to the rear of the site
Fitted kitchen cabinets

Separate WC with hand wash basin.

There are four flats above the chip shop which could be available by separate negotiation.

Tenure
We are advised the business is being sold as a Leasehold opportunity with the current rent passing at £22,000 per annum.

Hours
The opening hours are currently 11am to 9pm seven days a week.

Staff
The business is run and managed by the current owner with family assist plus 4 x full time staff.

Financial Profile
We are advised the business has a currently turnover in the region of £200,000 per annum.

The rates payable is currently £6,000 per annum.


Map & Street View

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