Fish & Chip Shop plus Grill Restaurant in South Wales For Sale

Situated in a Parade, excellent High Street trading position, residential, office and commercial area, Gwent, South Wales

Turnover £ 20,000
Price £370,000

Features

Traditional Fish and Chips Shop with Adjoining Café and Grill Restaurant

6 DAYS OPENING

5 STAR HYGIENE RATING

PRESTIGOUS AIR CONDITIONED DOUBLE FRONTED PREMISES - Ceramic tiled flooring, suspended ceiling with spot lights, cctv (16 cameras)

Tables and chairs seating 70 people.

Sales counter - Stainless steel extractor, 4 pan Hopkins fish and chip range, charcoal grill, griddle, gas hob, oven, toaster, microwaves, double basket chip fryer, 5 fridges, 6 freezers, double sink and drainer,

Potato store with potato peeler, potato chipper, single sink, electric hob.

General cloakroom with toilet and sink.

Disabled access cloakroom with toilet and sink.

Turnover

WE ARE INFORMED by the owner the turnover currently averages £18,000 p.w. / £22,000 p.w. with a Gross profit of 60% approx.

Staff

The business is at present operated by the vendor with 5 full time staff and 3 part time staff employed.

We are informed the wage bill averages £3,500 p.w. approx.

Trading Hours

6 Day week
MONDAY - SATURDAY 10 am - 9 pm
CLOSED SUNDAY

Accommodation

THE ACCOMMODATION with entrance via the shop to;

Flat 1 - Double bedroom, living room (potential as a second bedroom), fitted kitchen, shower room with shower, toilet and wash hand basin.

Flat 2 - Double bedroom, living room (potential as a second bedroom), fitted kitchen, shower room with shower, toilet and wash hand basin.

Flat 3 - 6 single bedrooms (used for the staff), fitted kitchen, 2 shower rooms with shower, toilet and wash hand basin.

Large room used for stock.

Outside

Garden to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the fish and chip shop premises are held on a SECURE RENEWABLE lease (private landlord) at a current rent of £24,960 p.a. with 2 years left to run. We are advised the Landlord will grant a new lease, to an approved applicant, at terms to be agreed.

WE HAVE BEEN INFORMED BY THE VENDOR that the restaurant premises are held on a SECURE RENEWABLE lease (private landlord) granted for 20 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £20,000 p.a. plus VAT

Business Rates from April 2024 £9,600 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2019, AND NOW OFFERED FOR SALE SOLELY DUE TO OWNER'S ILL HEALTH

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £370,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 185,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote