Pendeen, TR19
Offers in Region of
£35,000
Business rates & charges may apply
- SIZE
Ask agent
- SECTOR
Takeaway for sale
- USE CLASSUse class orders: A5 Hot Food Take away
A5
Key features
- Main High Street Location
- Fully Refurbished Throughout
- New Lease
Description
Information Memorandum
Lil's Chippy
Leasehold Fish & Chip Shop - OIRO £35,000
Business Reference: GO4428
EXECUTIVE SUMMARY
Lil's Chippy is a well-known and long-established fish and chip shop located in the heart of Pendeen, near Penzance in Cornwall. With a trading history of over 30 years, it has been a cornerstone of its local community, serving residents, holidaymakers, and passing trade with traditional fish and chips.
The business traded successfully for decades before closing around three years ago following the passing of one of the owners. Since then, the premises have undergone a comprehensive refurbishment, with brand new electrics, appliances, extraction, and counters installed. It is now a turnkey opportunity, ready for a new operator to relaunch immediately.
Historic trading showed strong weekly turnover of £3,000-£4,000 during the summer months, despite limited trading hours, no delivery services, and pricing well below the current market. With the premises now upgraded, there is clear scope to achieve significantly higher revenues by reintroducing extended trading hours, delivery platforms, and targeted marketing.
This sale presents an attractive, low-cost entry point for an ambitious buyer into the resilient takeaway sector, underpinned by Cornwall's vibrant seasonal tourist economy.
BUSINESS OVERVIEW
* Business Name: Lil's Chippy
* Structure: Sole Trader
* Established: 30+ years
* Location: Boscaswell Downs, Pendeen, Penzance, TR19 7DN
* Reason for Sale: Following refurbishment, the premises are ready for relaunch under new ownership
Lil's Chippy enjoys a well-established reputation locally, having been a trusted name for over three decades. The closure was not performance-related, but rather due to personal circumstances. This means goodwill and brand recognition still exist within the community, offering a strong platform for relaunch.
The business is ideally positioned to serve both local residents and the significant tourist trade that Cornwall attracts. Pendeen, close to the popular town of St Just and the coastal route towards Land's End, benefits from steady local demand throughout the year and a substantial increase during the tourist season.
PREMISES
* Leasehold: New 5-year lease
* Annual Rent: £15,000 (£288.46 per week)
* Lease Terms: 2 months' rent deposit, 4 weeks rent-free for setup
* Break Clause: 1-year mutual break clause
The premises have been fully refurbished and fitted to a high standard, with all major equipment and systems replaced:
* New electrics and wiring throughout
* Brand new extraction system
* Modern counters and serving equipment
* New appliances for cooking and preparation
The premises are compact, efficient, and designed for ease of operation, suiting both a hands-on owner-operator or a small team.
ASSETS
The refurbishment has included:
* Appliances: Fryers, cooking equipment, refrigeration, and preparation units
* Electrics: New wiring and installation
* Extraction: High-capacity system meeting modern requirements
* Counter & Shop Fit: Contemporary serving counter and customer-facing improvements
This ensures the business is ready to trade immediately, without the need for additional capital investment.
STAFFING
* Historically owner-operated, with flexible staffing support
* A new operator could:
o Run the business hands-on with minimal extra staff, or
o Employ a small team to manage day-to-day operations and deliveries
Given the scale of the premises, staffing requirements are low, keeping operating costs manageable.
ADVERTISING & MEDIA
When trading, Lil's Chippy relied mainly on its local reputation and word-of-mouth. No formal advertising or online marketing was in place, leaving significant growth potential.
Opportunities for relaunch include:
* Social media campaigns to reconnect with the local community
* Digital platforms such as Just Eat, Deliveroo, Uber Eats to capture delivery trade
* Partnerships with holiday lets, B&Bs, and local hotels to attract tourist orders
* Local press, flyers, and community engagement to re-establish visibility
With Cornwall attracting millions of visitors annually, a professional marketing approach could significantly boost turnover.
FINANCIAL PERFORMANCE
While the shop is not currently trading, historic figures demonstrate its strength:
* Historic Weekly Turnover: £3,000-£4,000 during summer months
* Achieved under:
o Limited trading hours
o No delivery services
o Prices below current local market levels
Commentary:
With today's higher pricing levels, coupled with delivery platforms and extended trading, weekly turnover could comfortably exceed previous benchmarks. Cornwall's seasonal spikes in tourism present an opportunity to maximise peak revenues, while steady local trade ensures year-round income.
GROWTH POTENTIAL
The business offers multiple avenues for growth:
* Relaunch under New Ownership - reintroduce a trusted local brand with modern branding and marketing.
* Extended Hours - trading more evenings and weekends could substantially raise weekly takings.
* Delivery Platforms - partnering with Just Eat, Deliveroo, and Uber Eats to capture additional customer bases.
* Menu Expansion - extending beyond fish and chips to burgers, wraps, and seasonal specials to increase average order value.
* Tourist Trade - capitalise on Cornwall's booming tourism economy, with targeted promotions to visitors.
* Digital Presence - create a website with online ordering and click & collect facilities.
For an ambitious operator, the combination of local goodwill, refurbished premises, and untapped marketing potential provides a powerful foundation for growth.
ASKING PRICE
The valuation considers:
* Long-standing reputation (30+ years trading history)
* Fully refurbished premises with modern appliances and systems
* Historic turnover demonstrating strong demand
* Lease terms favourable to a new operator
* Asking Price: £35,000
BUYER OPPORTUNITY
Lil's Chippy is ideal for:
* First-time buyers seeking a manageable, affordable entry into the food sector
* Experienced operators wishing to add a profitable site in Cornwall
* Family-run businesses seeking a low-overhead, high-margin opportunity
* Investors wanting a refurbished premises in a tourist-driven market
CONCLUSION
Lil's Chippy combines heritage, goodwill, and modern refurbishment to create a low-cost, high-potential opportunity for a new owner. With a proven trading history, brand new premises, and Cornwall's strong year-round demand boosted by seasonal tourism, the business offers the foundation for both immediate income and significant growth.
CONFIDENTIALITY & NEXT STEPS
Viewings are strictly by appointment only, for more information, please contact:
Goodwins Business Brokers
Tel:
Email:
Lil's Chippy
Leasehold Fish & Chip Shop - OIRO £35,000
Business Reference: GO4428
EXECUTIVE SUMMARY
Lil's Chippy is a well-known and long-established fish and chip shop located in the heart of Pendeen, near Penzance in Cornwall. With a trading history of over 30 years, it has been a cornerstone of its local community, serving residents, holidaymakers, and passing trade with traditional fish and chips.
The business traded successfully for decades before closing around three years ago following the passing of one of the owners. Since then, the premises have undergone a comprehensive refurbishment, with brand new electrics, appliances, extraction, and counters installed. It is now a turnkey opportunity, ready for a new operator to relaunch immediately.
Historic trading showed strong weekly turnover of £3,000-£4,000 during the summer months, despite limited trading hours, no delivery services, and pricing well below the current market. With the premises now upgraded, there is clear scope to achieve significantly higher revenues by reintroducing extended trading hours, delivery platforms, and targeted marketing.
This sale presents an attractive, low-cost entry point for an ambitious buyer into the resilient takeaway sector, underpinned by Cornwall's vibrant seasonal tourist economy.
BUSINESS OVERVIEW
* Business Name: Lil's Chippy
* Structure: Sole Trader
* Established: 30+ years
* Location: Boscaswell Downs, Pendeen, Penzance, TR19 7DN
* Reason for Sale: Following refurbishment, the premises are ready for relaunch under new ownership
Lil's Chippy enjoys a well-established reputation locally, having been a trusted name for over three decades. The closure was not performance-related, but rather due to personal circumstances. This means goodwill and brand recognition still exist within the community, offering a strong platform for relaunch.
The business is ideally positioned to serve both local residents and the significant tourist trade that Cornwall attracts. Pendeen, close to the popular town of St Just and the coastal route towards Land's End, benefits from steady local demand throughout the year and a substantial increase during the tourist season.
PREMISES
* Leasehold: New 5-year lease
* Annual Rent: £15,000 (£288.46 per week)
* Lease Terms: 2 months' rent deposit, 4 weeks rent-free for setup
* Break Clause: 1-year mutual break clause
The premises have been fully refurbished and fitted to a high standard, with all major equipment and systems replaced:
* New electrics and wiring throughout
* Brand new extraction system
* Modern counters and serving equipment
* New appliances for cooking and preparation
The premises are compact, efficient, and designed for ease of operation, suiting both a hands-on owner-operator or a small team.
ASSETS
The refurbishment has included:
* Appliances: Fryers, cooking equipment, refrigeration, and preparation units
* Electrics: New wiring and installation
* Extraction: High-capacity system meeting modern requirements
* Counter & Shop Fit: Contemporary serving counter and customer-facing improvements
This ensures the business is ready to trade immediately, without the need for additional capital investment.
STAFFING
* Historically owner-operated, with flexible staffing support
* A new operator could:
o Run the business hands-on with minimal extra staff, or
o Employ a small team to manage day-to-day operations and deliveries
Given the scale of the premises, staffing requirements are low, keeping operating costs manageable.
ADVERTISING & MEDIA
When trading, Lil's Chippy relied mainly on its local reputation and word-of-mouth. No formal advertising or online marketing was in place, leaving significant growth potential.
Opportunities for relaunch include:
* Social media campaigns to reconnect with the local community
* Digital platforms such as Just Eat, Deliveroo, Uber Eats to capture delivery trade
* Partnerships with holiday lets, B&Bs, and local hotels to attract tourist orders
* Local press, flyers, and community engagement to re-establish visibility
With Cornwall attracting millions of visitors annually, a professional marketing approach could significantly boost turnover.
FINANCIAL PERFORMANCE
While the shop is not currently trading, historic figures demonstrate its strength:
* Historic Weekly Turnover: £3,000-£4,000 during summer months
* Achieved under:
o Limited trading hours
o No delivery services
o Prices below current local market levels
Commentary:
With today's higher pricing levels, coupled with delivery platforms and extended trading, weekly turnover could comfortably exceed previous benchmarks. Cornwall's seasonal spikes in tourism present an opportunity to maximise peak revenues, while steady local trade ensures year-round income.
GROWTH POTENTIAL
The business offers multiple avenues for growth:
* Relaunch under New Ownership - reintroduce a trusted local brand with modern branding and marketing.
* Extended Hours - trading more evenings and weekends could substantially raise weekly takings.
* Delivery Platforms - partnering with Just Eat, Deliveroo, and Uber Eats to capture additional customer bases.
* Menu Expansion - extending beyond fish and chips to burgers, wraps, and seasonal specials to increase average order value.
* Tourist Trade - capitalise on Cornwall's booming tourism economy, with targeted promotions to visitors.
* Digital Presence - create a website with online ordering and click & collect facilities.
For an ambitious operator, the combination of local goodwill, refurbished premises, and untapped marketing potential provides a powerful foundation for growth.
ASKING PRICE
The valuation considers:
* Long-standing reputation (30+ years trading history)
* Fully refurbished premises with modern appliances and systems
* Historic turnover demonstrating strong demand
* Lease terms favourable to a new operator
* Asking Price: £35,000
BUYER OPPORTUNITY
Lil's Chippy is ideal for:
* First-time buyers seeking a manageable, affordable entry into the food sector
* Experienced operators wishing to add a profitable site in Cornwall
* Family-run businesses seeking a low-overhead, high-margin opportunity
* Investors wanting a refurbished premises in a tourist-driven market
CONCLUSION
Lil's Chippy combines heritage, goodwill, and modern refurbishment to create a low-cost, high-potential opportunity for a new owner. With a proven trading history, brand new premises, and Cornwall's strong year-round demand boosted by seasonal tourism, the business offers the foundation for both immediate income and significant growth.
CONFIDENTIALITY & NEXT STEPS
Viewings are strictly by appointment only, for more information, please contact:
Goodwins Business Brokers
Tel:
Email:
Pendeen, TR19
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Penzance Station6.3 miles
Notes
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Disclaimer - Property reference GO4428. 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 Goodwins Business Brokers Ltd, Covering - Nationwide. 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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