Fish & Chip Restaurant in Kingston Upon Thames For Sale

Excellent main road trading position, sought after residential and commercial area, SURREY KINGSTON UPON THAMES

Turnover £ 7,500
Price £160,000

Features

Old Established Takeaway Fish & Chip Shop Plus Restaurant

6 DAYS OPENING ~ 5 STAR HYGIENE RATING.

DOUBLE FRONTED PREMISES WITH AWNING IN A PROMINENT CORNER POSITION - Suspended ceiling with spot lights and pendants. Tile flooring to takeaway, laminate flooring to restaurant.

Tables and chairs seating 54 people.

Sales counter - Electric cash register. Menu chalk boards. Under counter fridge (owned by Coca-Cola)

Stainless steel extractor, Preston & Thomas 3 pan counter range, 2 microwaves, 2 group coffee machine, grinder, knock out drawer, 2 fish fridges, tow under counter freezers and a fridge with stainless steel top, wash hand basin.

Spererate kitchen - 2 double door freezers, microwave, washing machine, double sink with drainer. Fish preparation area.

Stock room, potato preparation area, potato rumbler, chipper.

Ladies cloakroom with toilet and wash hand basin.

Gentlemans cloakroom with toilet and wash hand basin.

Shower room.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. with a Gross profit of 65% approx. (55% takeraway 15% delivery 30% restaurant) (We are further advised that the split of turnover is approx. 30% in respect of the restaurant, 55% takeaway & 15% in respect of the delivery).

Staff

The business is at present operated by the 2 partners with 1 full time and 3 part time staff.

We are informed the wage bill averages £750p.w. approx.

Trading Hours

6 Day week
MONDAY - THURSDAY 12 noon - 2.30 pm then 4.30 pm - 9 pm
FRIDAY - SATURDAY 12 noon - 9 pm
CLOSED SUNDAY

Outside

Rear covered potato store.

Bin Store.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2014 with reviews every 4 years (next review 2026) at a current rent of £25,000 p.a.

Business Rates from April 2023 £2,000 approx. (Please contact local authority to confirm)

Price

TO INCLUDE THE, GOODWILL, FIXTURES & FITTINGS £160,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 80,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote