Ultra Modern Fish & Chip Shop in Streatham For Sale

Situated in a parade, excellent main road trading position, residential, office and commercial area, SW LONDON STREATHAM

Turnover £ 4,500
Price £159,500

Features

Immaculate & Ultra Modern Fish & Chip Restaurant with Gourmet Burgers

5 STAR HYGIENE RATING

DOUBLE FRONTED GROUND FLOOR PREMISES in the region of 840ft². CCTV (8 cameras). Air conditioning. Tiled floor, suspended ceiling, LED light panels. 75" flat screen TV, menu board. Tables and chairs seating 25 persons plus high chairs. Sales counter, touchscreen till, 2 soft drinks fridges.

Energy efficent Henry Nuttall 4-pan range with automatic oil filtration, with 4 hot display cabinets, stainless steel extractor, 3 fridges, freezer, 3 stainless steel preparation tables, double sink, hand wash basin,

Preparation area. Bold potato peeler, Bold chipper

Disabled access customer cloakroom with mirror, toilet and sink.

Basement in the region of 835 ft²

Preparation area - Double sink, full height fridge, dishwasher.

Staff cloakroom with mirror, toilet and sink

Rear exit

Turnover

WE ARE INFORMED by the owner the turnover currently averages £4,500 p.w. with a gross profit of 65% approx. (30% of sales via Deliveroo etc)

Staff

The business is at present operated by 2 partners with 2 full time staff plus the assistance of 1 part time staff. We are informed the wage bill averages £1,100 p.w. approx.

Trading Hours

7 Day week
Sunday - Thursday - 11 a.m - 11 p.m
Friday & Saturday - 11 a.m. - 12 midnight

Outside

3 parking spaces to rear.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease from a private landlord, granted for 25 years in 2022 with reviews every 5 years (next review 2027) at a current rent of £24,000 p.a.

Business Rates from April 2023 £3,300 approx. (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 1ST FEB 2023

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £159,500 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 79,750 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote