2 bedroom takeaway for sale

Gillingham, Dorset

£125,000

Property Description

Commercial information

  • Business for sale

Key features

  • Eye catching trading position within parade
  • Well-presented property with self-contained flat
  • Frying area, kitchen, store, office, potato room & cloaks
  • Regular all year round local trade & passing trade
  • Taking 4,000 per week trading from 6 days
  • EM&F reference number: CF34506R

Full description

Tenure: Leasehold

Description: A popular Fish & Chip Takeaway which continues to thrive such is the lucrative trading position and ease of accessibility. Contained within eye catching well-presented and equipped premises, providing spacious customer reception/waiting area, well equipped frying area with 3 pan range, preparation/store/wash-up room, potato room, office and cloakroom. On the first floor above the business premises can be found a self-contained 2 bedroom flat, suitable for an owner or can be let as is currently the case generating additional income and offsetting the overall rent payable, whilst outside is a garage and car parking. The business is not reliant on visitors to the town and enjoys a strong local following from the surrounding residential community and local businesses providing all year round regular trade together with some passing trade such is the trading position.

Location: The trading position is considered most valuable such is the visibility of the premises, forming part of a purpose built shopping parade, with car parking, which at the time of our inspection included a Co-op Convenience Store and Hair Salon. Opposite could be found a number of other businesses, the parade itself fronts the B3092, a busy and one of the main vehicle thoroughfares passing through the town and providing access to the nearby town centre, close by can be found Waitrose and Asda supermarkets along with popular residential housing and local school. Gillingham is the most northerly town in Dorset, situated within the attractive Blackmore Vale, close to the borders of both Somerset & Wiltshire, host to a good size resident population, benefiting from recent new housing developments, enjoying excellent communication links via the nearby A303 and being situated on the Exeter to London Waterloo railway line. The popular destinations of Shaftesbury, Salisbury and Bournemouth are all within a short drive.

Premises: Presented and equipped to a high standard, commanding a 5* EHO rating, attractive aluminium framed glazed single frontage, signage above, aluminium framed glazed entrance door opening to customer RECEPTION AREA, vinyl flooring, window seating, half wood panelled walls, blackboard wall menus, suspended ceiling with inset lighting, additional spot lighting. Full width SERVERY incorporating 3 pan counter range and stainless steel wrapping station complete with till and recently purchased oil filtration machine. Open plan KITCHEN behind, easy wipe cladding to the walls, fitted with stainless steel hand washbasin, contains stainless steel work tables, 2 microwave ovens, upright fridge, upright fridge/freezer and glazed front upright drinks chiller. A wall mounted commercial extraction unit exists to one of the walls which could be used should the menu be expanded. Useful OFFICE leading off fitted with work counter and storage shelving, whilst to the rear is access to the PREPARATION/WASH-UP/STOREROOM, provides potato pallet storage, fitted with twin stainless steel commercial sink unit and storage shelving, contains further equipment to include fish keep and 2 chest freezers. The premises continue to the rear and the LOBBY with back door, to one side of the lobby is the POTATO ROOM, fitted with wall mounted gas fired boiler, contains rumbler and new chipper whilst to the other side is the CLOAKROOM fitted with toilet and hand washbasin. Above the potato room and cloakroom dry storage facilities exist. None of the above appliances/systems have been tested and a purchaser must satisfy themselves as to the serviceability of these.

Accommodation: Totally self-contained, situated above the business premises, currently let on an Assured Shorthold Tenancy Agreement at the rate of £500 per calendar month. Accessed from the rear of the building with communal external stairway rising to walkway from which all flats lead off with this particular flat benefiting from being situated at the very end of the walkway avoiding the need for other residents to walk past. Benefiting from uPVC framed double glazing, half glazed uPVC entrance door opens to LOUNGE with rear aspect and laminate flooring, KITCHEN leading off fitted with work counters, base and wall storage units, stainless steel sink/draining unit, cooker recess, space for fridge/freezer, plumbed for automatic washing machine. INNER LOBBY with walk in storage, provides access to BEDROOM 1, a double with front aspect, and BEDROOM 2, a single with front aspect, also leading off the lobby is the SHOWER ROOM having tiled floor and walls, fitted with corner shower cubicle, hand washbasin and toilet.

Outside: To the rear of the property, communal CAR PARKING AREA and BIN STORAGE, adjacent single GARAGE.

Business: An established business offered for sale to enable the owner to pursue retirement. Operating as a traditional Fish & Chip shop, serving a variety of fish, pies, pasties, sausages, chicken portions, chips and a variety of accompaniments. The business enjoys a great deal of regular local trade from the surrounding residential community and other businesses, there is also some school trade and passing trade.

Trading Hours: The business trades Monday to Saturday lunchtimes 11.45am through to 1.45pm and evenings 4.45pm through to 9.00pm, closing at the slightly later time of 9.30pm on a Friday & Saturday.

Staff: Operated by vendor with some family assistance and 1 part time member of staff on the busy Friday and Saturday evenings, the business is ideal for a couple.

Takings: We have been advised Sales average £4,000 per week and this coupled with the low premises costs and staff costs ensures the business remains most profitable. If operated by a couple it has been calculated Net Profits in excess of £60,000 could be achieved.

Comments: The sale of Ocean Fish & Chips provides an opportunity to acquire an established popular Fish & Chip takeaway. New owners will benefit from prime positioned eye catching premises with the benefit of accommodation and low overheads. Opportunities exists to develop the business through increased menu lines, building on the current successful levels of trade and profitability.

Tenure: Held on the residue of a renewable 15 year Lease which commenced in 2014, current rent £14,500 per annum albeit this can be offset to the tune of £6,000 per annum should the flat continue to be rented out producing a Net Rent Payable of £8,500 per annum.

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

Price: £125,000 for the benefit of the Leasehold, Goodwill, Fixtures, Fittings & Equipment (according to inventory) plus stock at valuation.



More information from this agent

Energy Performance Certificates (EPCs)

Nearest station

  • Gillingham (Dorset) (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , 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 station

  • Gillingham (Dorset) (0.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

EM&F , 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.

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