Fish & Chip Shop and Takeaway in East London For Sale

Occupying a corner position, excellent main road trading position, residential and commercial area, EAST LONDON

Turnover £ 13,000
Price £250,000

Features

Fish & Chips Plus Kebabs, Pizza and Chicken Shop

SINGLE FRONTED PREMISES in the region of 620 ft² WITH ELECTRIC SHUTTERS, tiled floor, suspended ceiling with LED spot lights, 2-pan counter range, stainless steel extractor unit, 2 kebab machine, chicken cooker, 2 x hot cupboard. Table with chairs providing seating for 2 People, pizza oven with conveyor belt (single deck), CCTV system (16 cameras, 1 monitor).

Staff Toilet with w.c. and wash hand basin.

Store room

Basement, used for storage purposes.

Kitchen

Turnover

WE ARE INFORMED by the owner the turnover currently averages £12,500 - £13,500 p.w. with a Gross profit of 65% approx. (65% ONLINE SALES)

Staff

The business is at present operated by the vendor on a part time basis with 2 full time and 3 part time staff plus 5 drivers.

Trading Hours

7 Day week
MONDAY - SATURDAY 10am - 5am
SUNDAY 10am - 3am

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,500 per month . The accommodation comprises:

1 Large bedroom.
Kitchen.
Lounge.
Showroom with bath, w.c. and wash hand basin.

Outside

Rear yard

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 25 years in 2024 with reviews every 5 years (next review 2029) at a current rent of £28,000 p.a.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2000, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £250,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 125,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote