Licensed Fish & Chip Shop in Great Yarmouth For Sale

Terraced property situated in a prime sea front location, NORFOLK GREAT YARMOUTH

Turnover £ 6,000
Price £109,000

Features

Well Established Takeaway Fish & Chips Plus Licensed Café (catering For Breakfasts, Snacks, Lunches & Dinners)

** 5 Star Hygiene Rating **

Front area with tiled floor. Space for tables & chairs for approximately 30 persons.

SPACIOUS DOUBLE FRONTED PREMISES with tiled floor area plus laminated strip floor area, ceiling with concealed lighting. Tables & chairs providing seating for approximately 185 persons. Well equipped including 3-pan gas counter range, stainless steel counter, 3 touch screen tills, heated hot display cabinet, gas griddle, hotwater boiler, Bean-to-Cup coffee machine, 2 commercial microwave ovens, soft ice cream machine, Slush machine, 3-door stainless steel counter fridge, 2 upright stainless steel fridges, upright deep freezer etc.

Ladies' cloakroom with 2 w.c's, wash hand basin
Gentlemen's coakroom with urinal, w.c. & wash hand basin

REAR LARGE KITCHEN with tiled floor, rotisserie chicken machine, 1 gas cooker, 1 gas hob with electric oven, double sink & drainer, dishwasher, washing machine, walk-in coldroom, walk-in deep freezer etc.

Turnover

WE ARE INFORMED the turnover averages £6,000 p.w. We are informed the winter turnover is in the region of £4,000 p.w. increasing in the summer months up to £15,000/£20,000 p.w.

Staff

At present operated by the owners with the assistance of staff.

Trading Hours

Operated February - early July - 9 a.m. - 9 p.m. seven days per week

From July - end of August the business we understand is open from 9 a.m. - 10 p.m. seven days per week

September, October - November we understand the business operates from 9 a.m. - 7 p.m. seven days per week

We are further advised that the business is closed from mid November through December & January re-opening in the middle of February each each.

Accommodation

The accommodation comprises 2 FLATS currently let & providing a rental income of £14,880 p.a.

Flat No. 1 at present let on a shorthold tenancy and is providing a rental income of £700 per month, however, we understand that vacant possession can be given on completion if required. The flat comprises:

2 Double Bedrooms
Bathroom with bath, separate shower, w.c. & wash hand basin
Large Lounge (with sea views)
Large Kitchen

Flat No. 2 also at present let on a shorthold tenancy and providing a rental income of £540 per month, however, we understand that vacant possession can be given on completion, if required. The Flat comprises:

1 Double Bedroom
Shower room with shower, w.c. & wash hand basin
Lounge
Kitchen

Outside

Rear secure parking for 4 cars

Tenure

We understand the entire premises are held on a secure renewable 21 years lease from 2014 at a current rental of £20,000 p.a. exclusive of rates with rent reviews every 5 years. We understand the rent is currently under review. As will be appreciated with the current rental income from the 2 flats over of £14,880 p.a. the net rental payable at the present time is only £5,120 p.a.

Uniform Business Rates: £7,000 p.a. approx.

PERSONALLY INSPECTED AND HIGHLY RECOMMENDED

MUST BE SEEN TO BE FULLY APPRECIATED

REDUCED FOR EARLY SALE

Price

TO INCLUDE THE SECURE LEASE, GOODWILL, FIXTURES & FITTINGS £109,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to £ 54,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote