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Fish & Chips, Tyne and Wear

£69,950

Business rates & charges may apply

Ernest Wilson & Co Limited, EW Leeds
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SECTOR

Takeaway for sale

Key features

  • Densely populated community
  • Includes two to three bedroom flat
  • Lots of scope to increase sales
  • Low rent and overheads

Description

COMMUNITY CHIPPY AND HOT FOOD TAKEAWAY in North Shields for Sale.

Located in the central hub of a densely populated community in North Shields, this traditional fish and chip shop enjoys a monopoly within the local area and is superbly equipped to also cater other hot food items such as pizzas and kebabs. The business has been in the same ownership for 22 years. Annual turnover £93,778. Run from highly prominent premises and benefiting from low local council rent and overheads. The premises includes a privately accessible two to three bedroom flat, which is currently being separately rented on a shorthold tenancy, producing £450 per month. New owners can take the flat back for their own use or continue to use the rental income to offset the whole rent being paid to the council. Doing this, effectively reduces the rent payable for the chippy to just £300 per calendar month. Currently being run on a low-key basis, with no use of any online ordering portals, the business profits well from just traditional openings and some deliveries. There is a vast opportunity here for energetic and ambitious new owners to open longer hours, promote the additional hot food items and make use of social media and online delivery providers. Two-sided, highly visible profile, being at the corner of a parade of local shops. Traditional walk-in takeaway with room for some internal tables if required. Behind the service counter and 3-Pan fry range, there is a large food prep room with two deck pizza oven, kebab rotisserie and further to the rear the wet prep area. Ample chilled and dry goods storage. Staff WC. Separate access to first floor flat, fully self-contained with its own kitchen, bathroom and two or three bedrooms, depending on your chosen lay-out. A useful garage at the rear of the property is included.
Stock £1,000. EPC Band B.

About Ernest Wilson & Co Limited, EW Leeds

The Business Centre, Deanhurst Park, Gelderd Road, Gildersome, Leeds, LS27 7LG

Selling a Business?

Selling a business in the UK? We’ll be with you every step of the way

Selling any business can be a daunting task, but even more so when you’ve worked hard to build your own. That’s why finding the right business transfer agent is so important; you need to trust that you are working with people who have your best interests at heart.

That’s exactly what you’ll find at Ernest Wilson. Our clients’ interests are at the forefront of everything we do, and we’re pleased to have built a reputation based on our passion for what we do, implicit trustworthiness and thousands of recommendations over the last 60 years. Selling your business can be a time of mixed emotions, but we’ll be with you every step of the way.

Ernest Wilson is the leading business transfer agent with offices throughout the UK. We will never ask for payment in advance, not only do we have the necessary expertise to correctly value your business, we also have the resources to professionally market that business and obtain the best possible price in the market.

No advance payments

We don’t believe in asking for payment in advance, so we simply won’t do it. We often find that those who do are more interested in obtaining your signature than finding you a buyer, leaving their clients underwhelmed by the lack of advertising and efforts put in to selling their business.

Our advice is straight forward: if an agent asks for any payment from you in advance, don't use that agent.

Confidential, discreet support

Selling your business calls for discretion balanced with commerciality. We know that simply putting up a For Sale sign often does little more than set tongues wagging and unsettle your staff, and we’re pleased that we sell over 99% of businesses without the need for one.

We don’t give out details of your business to a potential buyer unless they are registered with us. Only then will they receive the full particulars of sale on your business. Our drive, passion and attention to detail in selling your business means we’ll only introduce it to people who are the very best fit.

Unrivalled, interested contacts

Our database of potential buyers is unrivalled by other transfer agents, and we’re proud of our relationships with potential buyers that allow us to understand exactly what they are looking for – meaning we can sell your business faster.

We offer local, regional and online advertising, and have extensive links to finance through a variety of financial institutions which help to complete your sale.

Thinking of Selling

Notes

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Disclaimer - Property reference 590830. 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 Ernest Wilson & Co Limited, EW Leeds. 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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