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Reference R9845

Licensed Fish & Chip Shop in South London For Sale

Licensed Fish & Chip Shop in South London For Sale
Licensed Fish & Chip Shop in South London For Sale Buy a Licensed Fish & Chip Shop in South London For Sale Sell a Licensed Fish & Chip Shop in South London For Sale

Register to see map and to make an appointment Situated in a parade, main road trading position, residential, office and commercial area, SE LONDON

Turnover £ 1,600
Price £85,000

Features

Licensed Fish & Chips Plus Burgers

OUTSIDE SEATING FOR 8 PERSONS

6 DAYS OPENING

NEWLY FITTED 2019

SINGLE FRONTED PREMISES in the region of 300 ft² WITH ELECTRIC SHUTTERS, awning. Woodstrip floor, suspended ceiling with spotlights and hanging lights. Tables and chairs providing seating for 16 persons. 2-pan counter range, cash register. CCTV system (4 cameras, 1 monitor).

Kitchen (Open plan), stainless steel extractor unit, Potato chipper & peeler, fridge, freezer, Henny Penny chicken pressure cooker, shelving, microwave, etc.

Ladies' & Gentleman's Toilet with w.c. and wash hand basin.

Basement, used for storage purposes

Turnover

WE ARE INFORMED by the owner the turnover currently averages £1,600 p.w. with a gross profit of 65% approx. (10% deliveries)

Staff

The business is at present operated by the vendor with 1 full time & 1 part time staff.

Trading Hours

6 Day week
MONDAY - THURSDAY 11am - 9pm
FRIDAY & SATURDAY 12 noon - 9pm
We are advised the premises have a 1 a.m. licence

Accommodation

THE SELF CONTAINED ACCOMMODATION Flat with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,175 per month, comprises:

2 Bedrooms (1 double, 1 single)
Lounge
Kitchen
Bathroom with bath, w.c. and wash hand basin

Outside

Rear garden

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 20 years in 2019 with reviews every 4 years (next review 2023) at a current rent of £20,000 p.a. (As will be appreciated with the current rental income of £14,100 from the accommodation at the present time the net rental payable is only £5,900 p.a).

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019 AND IS SOLELY OFFERED FOR SALE DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £85,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 42,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

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