Fish & Chip Shop plus Café in Newcastle Upon Tyne For Sale

Semi-detached property, unopposed trading position, residential, office and commercial area, Tyne and Wear. NEWCASTLE UPON TYNE

Turnover £ 10,500
Price £199,950

Features

Old Established Fish & Chip Shop Plus Café

6 DAYS OPENING
5 STAR HYGIENE RATING

DOUBLE FRONTED CORNER PREMISES in the region of 1,030 ft² with wood strip flooring, suspended ceiling with spot lights, sales counter, EPOS till, menu board. Florigo 5-pan gas range, chip dump, Potato chipper & peeler, sink, dish washer, Fish fridge, boiler, fridge, freezer, microwave, Tables and chairs providing seating for 30 People, drinks display fridge (glass fronted upright double-door), CCTV system (3 cameras, 1 monitor).

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

Store room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £10,500 p.w. with a Gross profit of 65% approx. (10% DELIVERIES - NO ONLINE ORDERS )

Staff

The business is at present operated by the Manager & 4 part time staff.

Trading Hours

6 Day week
MONDAY - THURSDAY & SATURDAY 11.30am - 8pm
FRIDAY 11.30am - 9pm

Outside

Parking space for 3 car.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 5 years in 2024 with reviews every 2 years (next review 2026) at a current rent of £9,260 p.a. + VAT In addition we understand there is a Service charge of £911 p.a. approx.

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

THE BUSINESS HAS BEEN IN THE SAME FAMILY SINCE 2004, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £199,950 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 99,975 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote