Well Established Fish & Chip Shop in Wallington For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SURREY WALLINGTON

Turnover £ 5,500
Price £149,950

Features

Well Established Fish & Chip Shop

6 DAYS OPENING

SINGLE FRONTED PREMISES in the region of 500 ft² with ELECTRIC SHUTTERS. Tiled floor, suspended ceiling with spotlights, 4-pan Preston & Thomas counter range (new 2020), glass fronted upright sliding door drinks display fridge .

OPEN PLAN KITCHEN. Preparation table, potato chipper and peeler, fish fridge, 3 additional fridges, 3 freezers.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,500/ £6,000 p.w. with a gross profit of 65% approx. (Including £1,000 via Uber Eats)

Staff

The business is at present operated by the vendor with 1 full time & 3 part time staff.

Trading Hours

6 Day week
MONDAY - SATURDAY 12 noon - 2.30 p.m & 4.30 p.m - 10 p.m

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 £1,100 per month The accommodation comprises:

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

ADDITIONAL 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 £1,000 per month

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

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 2022 with reviews every 4 years (next review 2026) at a current rent of £24,000 p.a. (As will be appreciated with the current rent of £25.200 p.a. from the accommodation there is a profit rent of £1,200 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 £149,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 74,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote