DescriptionHot Stuff Fish & Chip Shop has been serving the local community for well over 39 years, with the business run by second generation operators Nikki & Leigh. During this time, the shop has developed a strong reputation and been supported by a loyal, local customer base.
The store offers an excellent opportunity for either an experienced operator or first-time buyer alike to build upon this established business, whilst extending the opening hours and offering a delivery service to take the business on to the next level.
The sale includes the adjoining two-bedroom maisonette which is currently LET on an assured short-term tenancy (AST) for £700pcm.
LocationThe business is located within a busy, purpose-built shopping parade on the eastern side of Ipswich and benefits from a central and unopposed location within an extended range of housing estates. The parade benefits from off road parking for approximately 30 vehicles.
Ipswich is the county town of Suffolk and can be reached via the A12, with London approximately 70 miles to the south and the A14, with Cambridge approximately 55 miles to the west. Ipswich also has a main line intercity railway link direct to London Liverpool Street.
Internal DetailsA traditional and well-equipped fish & chip shop offering an extensive range of alternative takeaway food, with an advised floor area of approximately 400 sq ft. There is a waiting area for approximately 20 customers. To the rear, there is an office, kitchen and staff wc.
The cooking and preparation areas are fitted to a very high standard and contain the following equipment:
Two Frank Ford four pan B48 frying range
Two industrial microwaves
Two fridges
Four large freezers
One stainless steel fish fridge
One soft drink chiller
Preparation area:
Two potato peelers
Two potato chipping machines
There is also a garage, which is utilised as a storage area and contains backup fridges and freezers
Fixtures & FittingsWe are advised by our clients that the fixtures and fittings are wholly owned and will be included within the sale.
External DetailsTo the rear there is access from the side, which is used primarily for deliveries, leading to the garage, preparation and storage areas.
Owner's AccommodationThis freehold sale includes a two-bedroom self contained maisonette currently let for £700 pcm.
The property has its own entrance leading to an entrance hallway and kitchen on the ground floor. Upstairs there is an open plan lounge/dining area, bedrooms and main bathroom. The residential accommodation is reasonably presented throughout.
The OpportunityThis popular and highly respected business has been in the same ownership for over 39 years and has established a very loyal customer base within the local community.
The opportunity also offers potential for growth by extending the opening hours and introducing delivery services.
StaffThe business is run with the assistance of full and part time members of staff.
The Transfer of Undertakings Protection of Employment (TUPE) regulations shall apply to all employees, requiring purchasers to offer continuity of employment to all staff.
Trading InformationAccounts for period ending 31/03/2024 show sales of £279,443 and a gross profit of £148,498. It is estimated that the adjusted nett profit is c.£103,000.
Further accounts information may be provided upon request.
Trading HoursMonday - Saturday: 12:00 -2:00pm & 3:30 - 9:00pm
Sunday- CLOSED
Business RatesThe VOA web portal states that the current Rateable Value from 1st April 2023 is £5,900. We are advised by our clients the business is currently benefitting from relief with no rates payable.
