Fish & Chip Shop in West Sussex For Sale

Detached property, unopposed trading position, CLOSE TO STATION, residential, office and commercial area, West Sussex.

Turnover £ 2,400
Price £80,000 / £590,000

Features

Detached Fish & Chip Shop

5 DAYS OPENING ~ 5 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 400 ft² with tiled floor, suspended ceiling with fluorescent lighting, Preston & Thomas 3 pan counter range, cash register, Fish fridge, fridge, freezer.

Store room, potato chipper and peeler.

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

Turnover

WE ARE INFORMED by the owner the turnover currently averages £2,400 p.w. with a Gross profit of 65% approx.

The accounts year Ended 5 April 2023 show sales of £99,503 with a gross profit of £ 57,600

Staff

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

Trading Hours

5 Day week
TUESDAY - THURSDAY 5pm - 9pm
FRIDAY & SATURDAY 5pm - 10pm

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows. The accommodation comprises:

5 Bedrooms (3 double, 2 Single).
Lounge.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Outside

GARDEN AND PARKING for 3 cars

Tenure

The vendor owns the Freehold and subject to satisfactory references are prepared to grant a new 16 years full repairing and insuring lease with rent reviews every 4 years at a rent of £25,000 p.a. for the first 4 years.

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2021, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £80,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

OR TO INCLUDE THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £590,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 40,000 (lease) £ 413,000 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote