Fish & Chip plus Chicken Shop in Essex For Sale

Semi-detached property, unopposed trading position, residential area, Essex.

Turnover £ 7,000
Price £150,000

Features

Fish and Chip Plus Chicken Shop

6 DAYS OPENING
5 STARS HYGIENE RATING

DOUBLE FRONTED PREMISES in the region of 675 ft² WITH ELECTRIC SHUTTERS, industrial non-slip floor, suspended ceiling with LED spot lights, EPOS till, 4-pan Krem Co counter range, chip dump, drinks display fridge (glass fronted upright), bain marie (4-pot), grill. Tables and chairs providing seating for 6 People, CCTV system (8 cameras, 1 monitor)

Kitchen, stainless steel extractor unit, steamer Oven, potato chipper and peeler, dranage system, Fish fridge, 2 fridges, freezer, etc.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,000 p.w. with a Gross profit of 65% approx. (£2,000 deliveries)

Staff

The business is at present operated by the vendor with the assistance of 4 part time staff.

Trading Hours

6 Day week
MONDAY - THURSDAY 12 noon - 2pm then 4pm - 9pm
FRIDAY 12 noon - 9 pm
SATURDAY 12 noon - 2pm then 4pm - 9pm

Outside

Rear yard and Garage with fish freezer, 3 freezers

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a RENEWABLE lease (private landlord) granted for 10 years in 2023 with reviews every 3 years (next review 2026) at a current rent of £17,000 p.a.

We understand there is a break clause in March 2029 exercisable on both sides.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2016, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £150,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 75,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote