Traditional Fish & Chip Shop in East London For Sale

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

Turnover £ 4,500
Price £110,000

Features

Traditional Takeaway Fish and Chip Shop

6 DAYS OPENING

5 STAR HYGIENNE RATING

SINGLE FRONTED PREMISES, in the region of 425 ft², WITH ELECTRIC SHUTTERS, Non-slip vinyl flooring, suspended ceiling with spotlights.

Customer waiting area.

Sales counter electric cash register, soft drinks fridge.

OPEN PLAN KITCHEN - Stainless steel extractor, 2 pan fish and chip renage (Preston and Thomas), chip skuttle, microwave, 3 chest freezers, 2 fridges, double sink and drainer, satainless steel preparation table, etc

Potato store, peeler, chipper.

Staff cloakroom with toilet and wash hand basin.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx.
There is huge potential to increase sales with the incorporation of new lines.

Staff

The business is at present operated by the vendor with assistance as required.

Trading Hours

6 Day week
MONDAY - SATURDAY 12 noon - 8 p.m.
NO SUNDAYS
The vendor chooses to close the business for 4 weeks holiday in the summer and 1 week at Christmas.

We are advised there is potential and demand for further opening hours.

Accommodation

POTENTIAL ACCOMMODATION above with entrance via the business comprising;

3 rooms.
Toilet and sink.

Outside

Yard.

Garage, used for storage.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2014 with reviews every 4 years (next review 2026) at a current rent of £22,000 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 VENDOR'S RELOCATING.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £110,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 55,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote