Traditional Fish & Chip Shop in North London For Sale

Excellent trading position, next to Underground Station, NORTH LONDON

Turnover £ 4,500
Price £160,000

Features

Traditional Fish & Chip Shop

6 DAYS OPENING
4 STAR HYGIENE RATING

SINGLE FRONTED PREMISES in the region of 520 ft² with suspended ceiling with spot and fluorescent lighting, tiled floor, Preston & Thomas counter range (3 pan), chip dump, Henny Penny chicken cooker, cash register, Illuminated menu board, Coca-Cola fridge, drinks display fridge (glass fronted upright double-door). Tables and chairs providing seating for 30 People, CCTV system (5 cameras, 1 monitor)

KEBAB SECTION (NOT UTERLISED), cool display counter with refrigerated storage section, stainless steel extractor unit, 2 x kebab machines,, grill.

Toilet with w.c. and wash hand basin.

Kitchen, potato chipper and peeler, 2 x Fish fridge, 2 x fridge, 2 freezers.

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

Stock room..

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a Gross profit of 65% approx. (£250 via JustEat)

Staff

The business is at present operated by the vendor with the assistance of 2 part time staff.

Trading Hours

6 Day week (3am LICENCE)
MONDAY - THURSDAY 11am - 11pm
FRIDAY & SATURDAY 11am - Midnight

Accommodation

THE SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £1,100 per month. The accommodation comprises:

1 Large bedsitting room.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

THE SECOND SELF CONTAINED ACCOMMODATION with Gas Fired Central Heating, Double-glazed windows, at present let on a shorthold tenancy providing a rental income of £900 per month. The accommodation comprises:

1 Large bedsitting room.
Kitchen.
Bathroom with bath, w.c. and wash hand basin.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 16 years in 2014 with reviews every 4 years (next review 2026) at a current rent of £15,000 p.a.

(As will be appreciated with the rental income currently of £24,000 p.a. in respect of the self contained studio flats, there is in fact at the present time a profit rental of £9,000 p.a).

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

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2017, AND OFFERED FOR SALE SOLELY DUE TO OWNERS RETIREMENT

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, 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