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Freehold Fish & Chip Restaurant with Apartment in Cornwall for Sale at £999,950

Undisclosed, Cornwall

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    14/11/23

  • Advert ID

    602586

  • Reference

    2927 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £895,000
  • Turnover: £650 (£13 Per week)
  • Net Profit: Not Applicable

Business Details

Freehold Fish & Chip Takeaway & Restaurant Located In Mid Cornwall

Freehold Fish & Chip Takeaway & Restaurant Located In Cornwall
Three Bedroom Self Contained Apartment Above
Leasehold Option Available
Ref 2927

Location
This outstanding and well-respected Fish & Chip Takeaway & Restaurant is located in Cornwall.

Freehold Asking Price: £895,000 plus SAV (£5,000)
Leasehold Asking Price: £189,950 plus SAV (£5,000)
Rent: £45,000 pa (including 3 bedroom apartment)

Business Description
Veritas Business Sales are delighted to offer for sale this outstanding Freehold Fish & Chip Takeaway & Restaurant which is located in Cornwall. The business was established back in 1940 and has been in the careful hands of our clients since March 2023. The business is reluctantly being offered for sale so that they can concentrate on other business interests. Since ownership they have completely refurbished, redecorated and invested in brand new equipment (including a Henry Nuttall 4 pan range) along with fixtures and fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The businesses is owner operated with the help of 4 full time and 8 part time members of staff and for the current year the turnover will be circa £550,000. They are renowned in Cornwall for serving high quality fish & chips which can be enjoyed in the recently renovated 68-seater restaurant or simply taken away.
The business enjoys a strong reputation within the local community and beyond and as such has a high level of regular and repeat trade local trade along with high levels of visiting tourists during summer months. This is a rare opportunity to purchase well established business with an impeccable reputation which is a great base to build upon and as such early viewing is highly recommended as this gem is not to be missed.

Opening Hours
Monday - Saturday - 11:45am - 1:45pm - 4:45pm - 8:00pm
Sunday - 4:45pm - 8:00pm

Leasehold Option
New 15 year lease to be granted
Rent: £45,000 including 3 bedroom apartment

Ground Floor
Restaurant & conservatory (8.8m x 4.1m) comprising: 11 tables with chairs to and cover (40), various menu blackboards and various pictures, brand new integrated fire alarm system with carbon monoxide detection system (upstairs and downstairs), brand new full CCTV system, brand new EPOS system and burglar alarm system. Restaurant & takeaway (10.5m x 4.0m) comprising: 8 tables with chairs to cover (28), wall mounted mirrors, various pictures, 2 sideboard shelving units, settee, various chairs for takeaway and upright drinks fridge.
Toilets (2.2m x 0.9m) with W/C, wash basin, and wall mounted mirrors.

External
Front parking for (4) and rear car park for (12).

EPC Rating C

Ground Floor
Kitchen (4.4m x 7.3m) comprising: sales counter, 2 x menu screens (Sony), 4 pan range (Henry Nuttall), 2 electronic screens and tills (EPOS), order ticket machine, undercounter fridge (Polar), undercounter freezer, various stainless steel tables, dual counter top fryer (Lincat), large extraction canopy, 3 door chiller unit (Polar), various oven trays and stand on wheels, coffee machine (Cino), water heater (Lincat), washing machine (Indesit), ice cream fridge, 2 drinks blenders (Blend-Tec), various shelves, commercial microwave and 2 door drinks fridge (Polar), double stainless steel griddle.
Prep room (2.9m x 2.5m) with commercial sink with drainer, 2 x stainless steel prep tables, food mixer (Bold), water boiler (Vie-Man), various stainless shelves and commercial microwave (Samsung).
Pot wash (2.9m x 2.5m) with passthrough dishwasher, sink with drainer & directional hose, 2 x stainless steel prep tables and wash basin.
Chipping room (3.0m x 2.4m) comprising: upright stainless fridge (Polar), upright stainless-steel fish fridge (Sterling), upright stainless-steel fridge (Polar), 3x large chip buckets, potato peeler (Crypto) and potato chipper (Bold).
Staff toilet (1.9m x 1.5m).

First Floor
Apartment with brand-new carpets throughout.
Hallway, Lounge (4.9m x 4.9m), Kitchen (4.7 x 4.2m) with washing machine, tumble dryer, fridge, 6 burner range.
Bedroom 1 (3.8m x 2.5m), Bedroom 2 (2.8m x 2.6m), Bedroom 3 (2.8m x 2.6m)
Bathroom (2.9m x 2.2m) with bath/shower, wash basin, w/c and wall mounted mirror.
Balcony (2.7m x 8.2m) south facing



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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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