Restaurant for sale

Lowestoft, Suffolk, NR32

£299,950

Property Description

Commercial information

  • Business for sale

Key features

  • Profitable Lifestyle Business
  • Turnover Managed within VAT Threshold
  • Currently Open 3 Hours, 5 Days Per Week
  • Loyal Local Lunchtime Trade
  • Large 43 Cover Restaurant
  • Well Maintained Equipment
  • Superb Family Duplex Apartment
  • Excellent Condition Throughout
  • Private Car Parking Space
  • 5 Star Hygiene Rating

Full description

Tenure: Freehold

Welcome to Perry's Fish & Chip Restaurant - a successful traditional sit in 'plated' fish and chip restaurant which also offers takeaways. Located just off the vibrant end of Lowestoft High Street the restaurant is ideally situated within walking distance to the Railway Station, seafront and fish docks, which provide plenty of passing trade. The area benefits form a range of fully occupied independent shops, including a McDonalds, Weatherspoon's and HSBC Bank in close proximity. Parking is available in the immediate area and the property features its own private parking space to the rear.

Perry, the current owner of the business is very much hands on and fries the food, while being supported by three part time waitress staff. Fish is cooked to order with the business enjoying an outstanding reputation for quality meals, as indicated by a strong Trip Advisor ranking and Certificate of Excellence. Waveney District Council has also awarded a 5 Star Hygiene Rating.

The restaurant enjoys a regular clientele of well-behaved mature adults and families, plus seasonal tourist visitors.

Featuring a 43 cover ground floor restaurant the business also offers a superb duplex family apartment above with its own independent rear access. The first floor comprises lounge, spacious kitchen/dining area and double bedroom. The second floor features a master bedroom spanning the width of the building with spacious bathroom containing a rolled edged bathtub and independent shower enclosure.

THE BUSINESS ITSELF

Perry has owned the business for the last 10 years, although had a break for 4 years during which time the business was let out. Back at the helm since May 2016 the business has been quickly restored back to its former reputation as evidenced by increasing levels of trade. Turnover is current controlled and within the VAT threshold by restricting operating hours to a 3 hour lunchtime slot 5 days per week.

Current turnover is approximately £1,400 per week, although it's clear from 'out of hours' visits that there is tremendous potential to increase this via longer opening hours. A visit to the restaurant and the surrounding area is highly recommended so interested parties can appreciate the opportunity and see what is on offer.

Trading accounts are available to interested parties with the completion of a signed non-disclosure form.

ACCOMMODATION

ALL MEASUREMENTS ARE APPROXIMATE AND FOR GUIDANCE ONLY.
  • Three story freehold terraced property with a frontage of c. 5.4m.
  • Ground floor restaurant area measure approximately 17m deep x 5.4m wide/frontage in total. Split into frying area/takeaway at the front measuring approximately 6m x 5.4m wide, linking to seating area for tables and the 43 covers, measuring approximately 11m deep by 5.4m wide.
  • Potato preparation room c. 3m/3.5m and Unisex customer washroom/toilet c. 2m/2.5m to the rear.
  • The duplex apartment above provides residential accommodation on separate first and second floors and is accessed via independent rear entrance (particulars above refer).

INFORMATION

Our Reference
CF33729E.

Tenure
Freehold.

Viewing
Strictly by appointment only, please call our Norwich Office on (01603) 662 662 to make an appointment.

Finance
Finance available to suitable purchasers

Business to Sell or Let?
Let us know as soon as possible! Just ask for a FREE NO OBLIGATION VALUATION and one of our valuers will carry out a detailed marketing appraisal of your business at a time of your choice.

Premier Marketing
We take care to present our businesses to a standard like no other. Offering quality property particulars as well as detailed information on Rightmove.co.uk, other portals and our own website, make your business stand out from the crowd - call us today!

Unhappy?
Do you feel you are receiving the level of service promised by your agents? If not, we would be happy to carry out a FREE no obligation marketing appraisal of your business.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.

2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.

3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.

4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.


Nearest stations

  • Lowestoft (0.1 mi)
  • Oulton Broad North (1.5 mi)
  • Oulton Broad South (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , East Anglia

116-118 Prince Of Wales Road Norwich NR1 1NS

01603 950250 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.

Map & Street View

Nearest stations

  • Lowestoft (0.1 mi)
  • Oulton Broad North (1.5 mi)
  • Oulton Broad South (1.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , East Anglia

116-118 Prince Of Wales Road Norwich NR1 1NS

01603 950250 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 CF33729E0F. 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 , East Anglia. 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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