Freehold And Part Lease Hold Fish And Chip Takeaway And Restaurant Dover | | Dover Kent | | Phoenix Business Transfer Agents are delighted to place onto the market this busy Fish and Chip shop and Restaurant which has been established for over 20 years. The business has been in the hands of the current owner for 4 years. | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 56785
ADVERT IMPRESSIONS : 10,726 TIME(S) | | | | BUSINESS SECTOR: | Catering | | TRADE TYPE: | Fish & Chips Shops | | SALE: | Agent Sale | ASKING PRICE: | £260,000 | FREEHOLD: | £26,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
- Situated in Dover area of Kent.
- Prominent location on main arterial road.
- Part of a parade of shops part of the main shopping centre.
- Excellent parking facilities outside the shop.
- Industrial estates nearby.
- Surrounded by densely well populated residential area with schools and other local amenities.
- Very high levels of passing trade.
- Tourist spot with the Port of Dover being close by.
- Good volumes of traffic and pedestrian flow.
- Commercially thriving area.
- Well linked with the M20 and M2 to London and high speed trains into London.
- Dover Castle and Dover Port both lie close by.
- Area enjoying much growth and re generation.
- A lifestyle area.
- Excellent local demographics for this type of area.
Business Details
The particular highlights of the business are:
- A well established business that has been in the hands of the owner for 4 years.
- Good loyal clientele.
- Fully equipped business with a Peston Thomas Range peeler, chipper etc.
- Turnover in excess of £182,000 with a net profit of £123,000 (see financial summary below).
- A business with great potential which has not been exploited because the current owner wants to move back to London.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple as there is a very well maintained 3 bedroom flat above the shop that has been refurbished by the current owner.
- Very low overheads.
- Business enjoys superb local reputation.
- The concern provides a takeaway fish and chip menu and a restaurant with up to 48 covers.
History
Phoenix Business Transfer Agents are delighted to place onto the market this busy Fish and Chip shop and Restaurant which has been established for over 20 years. The business has been in the hands of the current owner for 4 years and now wishes to sell so he can move back to London and take up other business interests.
Staffing
The concern employs 5 part time staff paid at the rate of £5.95 per hour.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
As far as competition is concerned there is another similar business within 1 mile.
Market
The client base consists of local and passing trade.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the opening hours to include early mornings and later nights.
• Increasing the product line to include alcohol in the restaurant and to open for breakfast in the mornings.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With an enhanced website.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is terraced and is part of a parade of shops. The front is branded with an attractive glass front. There is a CCTV system. The main customer service area is tiled with a middle aisle. It is very well presented and is very conveniently laid out. The takeaway separates from the restaurant so one can be closed if need be.
The restaurant has 48 covers. The customer service point is to the middle. There is an overhead menu. There are customer toilets.
To the rear are two store rooms. There is a toilet, staff facilities and a fully equipped kitchen.
FIRST FLOOR
On the first floor there is a large kitchen/ diner, a large living room, bathroom, toilet and a small storage room.
SECOND FLOOR
On the second floor there are two further large bedrooms. The flat has been refurbished to a high standard only 2 years ago by the current owner.
EXTERNAL
To the rear there is a small yard.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price and are valued at £25,000.
FINANCIAL DETAILS
The present annual turnover is £182,000 with a gross profit of 68% and a net profit of £123,000. The wages are £28,000. The present value of the stock is £2,000.
The potential turnover of the business within the next 2 years is forecast to reach £300,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
TRADING HOURS
Monday to Saturday: 11.30 am - 10.30 pm.
TENURE
The original length of the lease was 25 years with 6 years remaining. The rent is £9,000 pa with a review in 3 years. The lease may be renewable or negotiable for longer term if required. The rates are £4,500.
The business is Freehold and part lease hold. It is made up from two units, the take away and the restaurant. It has been this way for many years and has been well maintained by the owners and the land lord.
VIEWINGS
The owners are available for viewings at any time by prior arrangement.
Price: £260,000 (Price Reduced)
Ref: 1874
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided. Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller. | | | | | | FOR SALE | | | | | REFERENCE: | 1874 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
