Fish & Chip Shop in Lincolnshire For Sale

Situated in a Parade, excellent main road trading position, residential, office and commercial area, Lincs.

Turnover £ 5,200
Price £75,000

Features

Licenced Fish and Chip Shop

6 DAYS OPENING ~ 5 STAR HYGIENE RATING

LICENCE FOR FORECOURT SEATING FOR 12 PEOPLE

DOUBLE FRONTED PREMISES in the region of 1,100 ft² with tiled floor, ceiling with spot lights, Mullen counter range (3 pan), chip dump, 2 EPOS tills, Coca-Cola fridge, Tables and chairs providing seating for 40 People, CCTV system (9 cameras, 1 monitor).

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

Preparation room, dishwasher, glass display cabinets, Fish fridge, freezer, potato chipper and peeler

Basement, used for storage purposes, 4 deep freeze..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £5,200 p.w. with a Gross profit of 65% approx. (30% DELIVERIES)

Staff

The business is at present operated by a Manager with the assistance of 3 part time staff.

Trading Hours

6 Day week
TUESDAY - SUNDAY 11am - 8.30pm

Accommodation

THREE FLATS OPTIONAL EXTRA PROVING AN INCOME OF £22,000 p.a.

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £550 per month . The accommodation comprises:

1 double bedroom.
Kitchen.
Lounge.
Bathroom with Shower, w.c. and wash hand basin.

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £600 per month . The accommodation comprises:

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

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £700 per month . The accommodation comprises:

2 double Bedrooms.
Kitchen.
Lounge.
Bathroom with Shower, w.c. and wash hand basin.

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £20,000 p.a. for the lock up shop only or £37,000 to include the shop and accommodation the first 4 years.

Business Rates from April 2024 £2,500 approx. (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 NEW SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote